Historic Mixed-Use
For Sale
$149,900
109 E Fulton St, Waupaca, WI 54981
Historic mixed-use building with street-level commercial leased through 12/31/2027 and a second-story apartment ready to finish.
Property Size1,240 SF
Price / SF$120.89
Days on Market95
Property Features for 109 E Fulton St
General Information
Standard status
Active
Size
1,240 SF
Building Details
Year Built
1900
Listing Agency:
RE/MAX Lyons Real Estate
Listed By:
Benjamin J. Lyons · License #91937923
(715) 258-9565
Source:
Moving2greenbay
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 7 at 2:18PM
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 RE/MAX Lyons Real Estate
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Investment Insights
Based on property information with market context.
This historic mixed-use building combines street-level commercial space with residential space above. The street-level unit is currently leased to a real estate office through 12/31/2027, generating rental income in place. A full walkout basement overlooks the park and river, offering room for practical uses such as storage or additional workspace. Upstairs, the second-story apartment is ready to be finished, allowing flexibility for added income or owner occupancy.
Located in the heart of downtown Waupaca, the building sits among shops, restaurants, and local attractions. The configuration supports both ongoing leased income and continued development of the upper residential area.
The property’s layout includes street-level commercial and an unfinished second-story apartment, along with a walkout basement with views of the park and river.
Located in the heart of downtown Waupaca, the building sits among shops, restaurants, and local attractions. The configuration supports both ongoing leased income and continued development of the upper residential area.
The property’s layout includes street-level commercial and an unfinished second-story apartment, along with a walkout basement with views of the park and river.
Key Highlights
- Historic mixed‑use building in downtown Waupaca
- Street‑level commercial space is leased to a real estate office through 12/31/2027
- Full walkout basement overlooks the park and river
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,605
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,100
$272.1K
Cap Rate 7%
$194,357
$194.4K
Cap Rate 9%
$151,167
$151.2K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$21.7K $17.52/SF
− Vacancy
−$3.6K −$2.89/SF
EGI
$18.1K $14.63/SF
− OpEx
−$4.5K −$3.66/SF
NOI
$13.6K $10.97/SF
Area
Waupaca County, WI
Vacancy
16.50%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,100
Cap Rate 7%
$194,357
Cap Rate 9%
$151,167
Alternative Uses
Best Use
Office B
$194.4K
$170.1K – $226.8K
NOI $13,605 @ 7.0% cap · market cap 9.08%
Second Best
Mixed Use
$143.0K
$125.1K – $166.9K
NOI $10,011 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$232.3K
$203.2K – $271.0K
NOI $16,259 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 54981, WI
14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic mixed-use building with street-level commercial leased through 12/31/2027 and a second-story apartment ready to finish.
Where is this mixed-use property located?
The property is located at 109 E Fulton St Waupaca, WI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Historic mixed‑use building in downtown Waupaca; Street‑level commercial space is leased to a real estate office through 12/31/2027; Full walkout basement overlooks the park and river
