Retail Space with Three
1040 N Wisconsin Street, Elkhorn, WI 53121
For Sale
Contact for pricing
A mix of enclosed rooms and open area supports a flexible commercial layout.
Property Size1,877 SF
Price / SF$1.88
Days on Market9
Property Features for 1040 N Wisconsin Street
General Information
Standard status
Size
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
private rooms
open space
break area
restroom
Listing Agency:
Compass Wisconsin-Lake Geneva
Listed By:
Keefe & Associates Group* · License WI #5815690
(262) 248-4492
Source:
Exprealty
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 9:56AM
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 Compass Wisconsin-Lake Geneva
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,877-square-foot retail space at 1040 N Wisconsin Street in Elkhorn, Wisconsin, combines private rooms with open area, a break area, and a restroom. Three separate entrances provide access to the interior.
Key Highlights
- 1,877 square feet of retail space
- Three separate entrances
- Interior includes private rooms, open space, a break area, and a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,666
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,320
$313.3K
Cap Rate 7%
$223,800
$223.8K
Cap Rate 9%
$174,067
$174.1K
Market Conditions
NOI Build-Up for 1,877 SF
Gross rent
$24.3K $12.96/SF
− Vacancy
−$1.9K −$1.04/SF
EGI
$22.4K $11.92/SF
− OpEx
−$6.7K −$3.58/SF
NOI
$15.7K $8.35/SF
Area
Walworth County, WI
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,320
Cap Rate 7%
$223,800
Cap Rate 9%
$174,067
Alternative Uses
Best Use
Retail
$223.8K
$195.8K – $261.1K
NOI $15,666 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$362.2K
$317.0K – $422.6K
NOI $25,356 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
105k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 47%
Electronics 1%
Beauty & Spa 1%
Kwik Trip
Shops & Services
30,921 visits/mo
0.1 miles
McDonald's
Dining
17,184 visits/mo
0.1 miles
Culver's
Dining
16,805 visits/mo
0.0 miles
Dollar Tree
Shops & Services
8,677 visits/mo
0.1 miles
Elkhorn #2
Shops & Services
6,926 visits/mo
0.1 miles
Demographics for 53121, WI
19,222
Population
8,397
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
114.4 sq mi
ZIP Area
168
Density / Sq Mi
$83,635
Median Household Income
$45,112
Median Earnings
$1,031
Median Rent
$287,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A mix of enclosed rooms and open area supports a flexible commercial layout.
Where is this retail space located?
The property is located at 1040 N Wisconsin Street Elkhorn, WI.
What are key features of this property?
This property features: 1,877 square feet of retail space; Three separate entrances; Interior includes private rooms, open space, a break area, and a restroom
