3-Unit Mixed-Use
119 Main Street #129 & 139, Belgium, WI 53004
For Sale
New
$599,900
End suites offer high ceilings and broad window walls, while the center suite can accommodate multiple private offices.
Property Size5,200 SF
Price / SF$115.37
Days on Market4
Property Features for 119 Main Street #129 & 139
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
Emmer Real Estate Group
Listed By:
Jim Emmer · License WI #3703490
(262) 629-4747
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 3:35PM
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 Emmer Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2000, this 5,200-square-foot mixed-use property contains three commercial suites. The two end suites have high ceilings and large windows; the center suite has room for multiple private offices. The property is zoned Commercial.
The building is located at 119 Main Street in Belgium, Wisconsin.
The building is located at 119 Main Street in Belgium, Wisconsin.
Key Highlights
- Three commercial suites in a 5,200‑square‑foot building
- End suites feature high ceilings and large windows
- Center suite can accommodate multiple private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,480
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,600
$1.0M
Cap Rate 7%
$735,429
$735.4K
Cap Rate 9%
$572,000
$572.0K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$93.6K $18.00/SF
− Vacancy
−$11.2K −$2.16/SF
EGI
$82.4K $15.84/SF
− OpEx
−$30.9K −$5.94/SF
NOI
$51.5K $9.90/SF
Area
Ozaukee County, WI
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,600
Cap Rate 7%
$735,429
Cap Rate 9%
$572,000
Alternative Uses
Best Use
Retail
$960.3K
$840.3K – $1.12M
NOI $67,220 @ 7.0% cap · market cap 11.21%
Second Best
Mixed Use
$735.4K
$643.5K – $858.0K
NOI $51,480 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,763 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 53004, WI
3,469
Population
1,537
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
98%
High-School Grad
33.6 sq mi
ZIP Area
103
Density / Sq Mi
$84,844
Median Household Income
$46,475
Median Earnings
$941
Median Rent
$244,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - End suites offer high ceilings and broad window walls, while the center suite can accommodate multiple private offices.
Where is this mixed-use property located?
The property is located at 119 Main Street #129 & 139 Belgium, WI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three commercial suites in a 5,200‑square‑foot building; End suites feature high ceilings and large windows; Center suite can accommodate multiple private offices
