Downtown Mixed-Use
112 S 1st St Whitewater, WI 53190
112 S 1st St, Whitewater, WI, 53190
$200,000
For Sale
$200,000
Mixed-use building with a street-level retail space and a remodeled second-floor one-bedroom apartment.
Property Size1,370 SF
Price / SF$145.99
Days on Market160
Property Features for 112 S 1st St
General Information
- Standard status
- Active
- Size
- 1,370 SF
Listing agency
Shorewest Realtors, Inc.
(262) 271-5702
Listed by
Mikel Kollmansberger · License #55906-90
(262) 271-5702
Source
Exprealty
Added: Feb 11 Updated: Jul 21 at 2:47PM Checked: Jul 21 at 2:47PM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes a main-floor storefront with an open-concept layout, large windows, and original wood flooring. The space is currently set up for a vintage clothing shop. Upstairs, there is a remodeled one-bedroom apartment with recent updates and strong natural light.
The basement provides additional storage and may offer flexible space, including the possibility of an office setup. The property is reported to have excellent rental history, supporting its income-producing design.
Overall, the building combines retail visibility at street level with residential living above, along with practical storage in the lower level.
The basement provides additional storage and may offer flexible space, including the possibility of an office setup. The property is reported to have excellent rental history, supporting its income-producing design.
Overall, the building combines retail visibility at street level with residential living above, along with practical storage in the lower level.
Key Highlights
- Mixed‑use building in Downtown Whitewater with a street‑level retail space plus a remodeled second‑floor 1‑bedroom apartment
- Main floor currently used as a vintage clothing shop with an open concept floor plan, huge windows, and original wood flooring
- Upstairs remodeled 1‑bedroom apartment with many recent updates and excellent natural light
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.6k | $21.60 |
| − Vacancy | −$2.4k | −$1.73 |
| EGI | $27.2k | $19.87 |
| − OpEx | −$10.2k | −$7.45 |
| NOI | $17.0k | $12.42 |
1,370 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,730 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$264.4K
$231.3K – $308.5K
NOI $18,507 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Stellar Vintage Clothing
(Bike/Boat/Book/etc) Store
Truly Beauty Ink
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a street-level retail space and a remodeled second-floor one-bedroom apartment.
Where is this mixed-use property located?
The property is located at 112 S 1st St Whitewater, WI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Mixed‑use building in Downtown Whitewater with a street‑level retail space plus a remodeled second‑floor 1‑bedroom apartment; Main floor currently used as a vintage clothing shop with an open concept floor plan, huge windows, and original wood flooring; Upstairs remodeled 1‑bedroom apartment with many recent updates and excellent natural light
