Mixed-Use Property Near Downtown
For Sale
Contact for pricing
1027 S Main St, Oshkosh, WI 54902
Two-story mixed-use property with commercial space and residential units.
Property Size5,395 SF
Lot Size0.25 Acres
Price / SF$154.77
Days on Market939
Property Features for 1027 S Main St
General Information
Standard status
Active
Size
5,395 SF
Lot size
0.25 Acres
Property subtype
Retail
Zoning
Commercial Mixe
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1920
Stories
2
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty
(262) 439-8897
Listed By:
Luke Geoffrion · License #98671-94
Source:
Crexi
Added: Feb 3, 2024
Changed: Aug 22
Last Checked: Aug 29 at 5:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Metro Realty
Investment Insights
Based on property information with market context.
This two-story mixed-use property is positioned along South Main Street near Oshkosh’s growing downtown corridor. The main level features a fully built-out restaurant and bar space with a full liquor license and seating for approximately 120. The commercial kitchen includes equipment. Architectural character includes an original tin ceiling and glass block storefront. The restaurant is currently not operating, which allows for a new concept, rebranding, or alternative commercial use within mixed-use zoning. Above the commercial space are three updated apartments, including two one-bedroom units and one two-bedroom unit. The apartments are accessed via both front and rear entrances. The building totals approximately 5,395 square feet and sits on an 85x130 lot with on-site parking. It is located blocks from the Wisconsin Herd arena, Riverwalk, Pioneer Drive, and nearby redevelopment activity. This property is suited for investors, owner-operators, or buyers seeking a value-add mixed-use asset in an evolving Oshkosh market.
Key Highlights
- Mixed‑use property provides diversified income potential with restaurant/bar space and three updated apartments.
- Restaurant/bar space is fully built‑out with full liquor license, commercial kitchen (equipment included), and seating for 120.
- Prime location near downtown Oshkosh, Wisconsin Herd arena, Riverwalk, and redevelopment activity.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,728
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,454,560
$1.5M
Cap Rate 7%
$1,038,971
$1.0M
Cap Rate 9%
$808,089
$808.1K
Market Conditions
NOI Build-Up for 5,395 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.3K $18.96/SF
− Vacancy
−$5.3K −$0.99/SF
EGI
$97.0K $17.97/SF
− OpEx
−$24.2K −$4.49/SF
NOI
$72.7K $13.48/SF
Area
Winnebago County, WI
Vacancy
5.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,454,560
Cap Rate 7%
$1,038,971
Cap Rate 9%
$808,089
Alternative Uses
Best Use
Specialty Retail
$1.04M
$909.1K – $1.21M
NOI $72,728 @ 7.0% cap · market cap 8.71%
Second Best
Mixed Use
$561.9K
$491.6K – $655.5K
NOI $39,330 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,510 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
U.S. Bank
Shops & Services
5,171 visits/mo
0.5 miles
BP
Shops & Services
5,032 visits/mo
0.3 miles
HobbyTown USA
Shops & Services
2,622 visits/mo
0.2 miles
Demographics for 54902, WI
22,309
Population
10,800
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
35.0 sq mi
ZIP Area
637
Density / Sq Mi
$64,548
Median Household Income
$41,592
Median Earnings
$859
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use property with commercial space and residential units.
Where is this mixed-use property located?
The property is located at 1027 S Main St Oshkosh, WI.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Mixed‑use property provides diversified income potential with restaurant/bar space and three updated apartments.; Restaurant/bar space is fully built‑out with full liquor license, commercial kitchen (equipment included), and seating for 120.; Prime location near downtown Oshkosh, Wisconsin Herd arena, Riverwalk, and redevelopment activity.
