Mixed-Use Building with
For Sale
$194,900
1030 Main STREET, Union Grove, WI 53182
Mixed-use building with a commercial unit, an upstairs 2-bedroom apartment, and storage units at the rear.
Property Size3,000 SF
Price / SF$64.97
Days on Market424
Property Features for 1030 Main STREET
General Information
Standard status
Active
Size
3,000 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,109
Amenities
3
C1
0.0 to .499
Building Details
Year Built
1900
Stories
2
Listing Agency:
The Curated Key Collective
(262) 497-1198
Listed By:
The Curated Key Collective
(262) 497-1198
Source:
Xome
Added: Jun 26, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:11AM
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 The Curated Key Collective
Investment Insights
Based on property information with market context.
This mixed-use building includes a commercial unit on the lower level and a residential apartment upstairs with an open-concept 2-bedroom layout. The property also has storage units in the rear, supported by a separate gas and electric meter.
The building is located at 1030 Main St in Union Grove, WI. The listing presents the property as a versatile space with room for a new owner to adapt the commercial and residential areas and to monetize the rear storage component.
The overall configuration provides multiple income streams under one roof, with the commercial and residential portions separated by level and the storage utilities metered separately.
The building is located at 1030 Main St in Union Grove, WI. The listing presents the property as a versatile space with room for a new owner to adapt the commercial and residential areas and to monetize the rear storage component.
The overall configuration provides multiple income streams under one roof, with the commercial and residential portions separated by level and the storage utilities metered separately.
Key Highlights
- Mixed‑use building with a commercial unit on the lower level
- Upstairs 2‑bedroom apartment with an open concept layout
- Storage units at the rear offer potential for additional rental income
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
$17,702
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
9.08%
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%
$354,040
$354.0K
Cap Rate 7%
$252,886
$252.9K
Cap Rate 9%
$196,689
$196.7K
Market Conditions
NOI Build-Up for 3,000 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
$23.4K $7.80/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$20.8K $6.94/SF
− OpEx
−$3.1K −$1.04/SF
NOI
$17.7K $5.90/SF
Area
Racine County, WI
Vacancy
11.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$354,040
Cap Rate 7%
$252,886
Cap Rate 9%
$196,689
Alternative Uses
Best Use
Retail
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 15.66%
Second Best
Self Storage
$416.2K
$364.2K – $485.6K
NOI $29,137 @ 7.0% cap · market cap 14.95%
Theoretical Best
Office A
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 25.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53182, WI
9,422
Population
3,471
Households
2.7
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
55.3 sq mi
ZIP Area
170
Density / Sq Mi
$93,175
Median Household Income
$53,210
Median Earnings
$1,067
Median Rent
$305,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use building with a commercial unit, an upstairs 2-bedroom apartment, and storage units at the rear.
Where is this storefront property located?
The property is located at 1030 Main STREET Union Grove, WI.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Mixed‑use building with a commercial unit on the lower level; Upstairs 2‑bedroom apartment with an open concept layout; Storage units at the rear offer potential for additional rental income
