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    Retail Property in Belgium, WI Title is generated by Realmo AI

    119-139 Main St, Belgium, WI

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    Retail property available for sale in Belgium, Wisconsin.

    Type:RETAIL
    Property size:
    4,212 SF
    Lot size:
    0.85 Acres
    Price / SF:
    $166/SF
    Added:
    Nov 2, 2024
    Days on Market:
    597
    Last Refresh:
    May 20 at 8:55 pm

    Property Features for 119-139 Main St

    General Information

    Standard status
    Active
    Size
    4,212 SF
    Lot size
    0.85 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Thomas Zernia
    Thomas Zernia

    Listing agent Thomas Zernia License #57451-90

    Listing office Boss Realty

    Listing date Nov 2, 2024

    Source Moodyscre

    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 Boss Realty

    HighLights

    • Retail property available for sale.
    • Located in Belgium, Wisconsin.
    • Additional property details available.
    • Property is for sale.
    • Property is retail.
    • Located in Wisconsin.

    Overview

    This retail property, located in Belgium, Wisconsin, offers 4,212 square feet of space. The property is situated on Main Street.

    Local Financial Insights For Retail

    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 $79.9k $18.96
    − Vacancy −$2.1k −$0.49
    EGI $77.8k $18.47
    − OpEx −$23.3k −$5.54
    NOI $54.4k $12.93
    4,212 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $777.8K
    $680.6K – $907.5K (±1% cap)
    NOI $54,448 @ 7.0% cap · market cap 7.78%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $992.4K
    $868.4K – $1.16M (±1% cap)
    NOI $69,468 @ 7.0% cap · market cap 9.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belgium
    County
    Ozaukee
    State
    Wisconsin
    Longitude
    -87.8363
    Latitude
    43.4997

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in Belgium, Wisconsin.
    Where is this retail property located?
    The property is located at 119-139 Main St Belgium, WI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Retail property available for sale.; Located in Belgium, Wisconsin.; Additional property details available.
    (262) 689-0022 Call to check price and availability
    More about this property
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