Mixed-Use Property with Multiple
1150 E Inman Parkway, Beloit, WI 53511
For Sale
New
$649,900
The property combines a sales and office building with rear storage, a pole barn, and a separate loading building.
Property Size10,496 SF
Price / SF$61.92
Days on Market2
Property Features for 1150 E Inman Parkway
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Mixed-Use Components
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Affiliated
(608) 365-1481
Listed By:
Michael Marquette · License WI #471017817
(608) 751-4422
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 2:15AM
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 Century 21 Affiliated
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Investment Insights
Based on property information with market context.
This mixed-use property includes a storefront sales and office building, a rear storage building, a pole barn, and an additional outbuilding with a semi/delivery loading dock. The existing operation is a ceramics retailer and wholesaler. An upper-level unit above the main store is rented separately.
The property occupies a corner lot across the street from Turner High School, a police department, and a fire department, with other commercial buildings nearby. The building dates to 1964 and is zoned COM.
The property occupies a corner lot across the street from Turner High School, a police department, and a fire department, with other commercial buildings nearby. The building dates to 1964 and is zoned COM.
Key Highlights
- Multiple buildings include a storefront sales and office space, rear storage, a pole barn, and a separate outbuilding
- Additional outbuilding has a semi/delivery loading dock
- Upper unit above the main store is rented separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,124
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,480
$662.5K
Cap Rate 7%
$473,200
$473.2K
Cap Rate 9%
$368,044
$368.0K
Market Conditions
NOI Build-Up for 10,496 SF
Gross rent
$42.8K $4.08/SF
− Vacancy
−$3.9K −$0.37/SF
EGI
$39.0K $3.71/SF
− OpEx
−$5.8K −$0.56/SF
NOI
$33.1K $3.16/SF
Area
Rock County, WI
Vacancy
9.00%
Lease Rate
$4.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,480
Cap Rate 7%
$473,200
Cap Rate 9%
$368,044
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,695 @ 7.0% cap · market cap 19.49%
Second Best
Mixed Use
$1.03M
$905.3K – $1.21M
NOI $72,422 @ 7.0% cap · market cap 11.14%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,560 @ 7.0% cap · market cap 27.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a sales and office building with rear storage, a pole barn, and a separate loading building.
Where is this mixed-use property located?
The property is located at 1150 E Inman Parkway Beloit, WI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Multiple buildings include a storefront sales and office space, rear storage, a pole barn, and a separate outbuilding; Additional outbuilding has a semi/delivery loading dock; Upper unit above the main store is rented separately
