Two-Story Mixed-Use
For Sale
$349,000
1207 Bridge Street Unit 1209, Grafton, WI 53024
Commercial space with an upper one-bedroom apartment and flexible office potential in downtown Grafton.
Property Size1,728 SF
Price / SF$201.97
Days on Market216
Property Features for 1207 Bridge Street Unit 1209
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family / Multi-Family
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Average Monthly Rent
$950
Amenities
5 working stations
restroom
small kitchen
waiting area with a coffee table and 2 chairs
storage space
rear patio
natural fireplace
Wood, Brick
Building Details
Year Built
1903
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Rubins Realty, LLC
Listed By:
Jacob Lishanski · License #55501-90
(262) 240-2200
Source:
Compass
Added: Mar 15
Changed: Oct 13
Last Checked: Oct 15 at 1:40AM
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 Rubins Realty, LLC
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.
This two-story mixed-use building contains 1,728 square feet and was built in 1903. The ground-floor commercial area is configured with five working stations, a restroom, small kitchen, waiting area, storage, and a rear patio. Its current salon layout may accommodate other business uses.
The second floor provides a one-bedroom apartment with a natural fireplace and is currently leased month-to-month. The upper unit may also serve as office space. The property is located at 1207 Bridge Street, Unit 1209, in downtown Grafton, with street parking available.
The second floor provides a one-bedroom apartment with a natural fireplace and is currently leased month-to-month. The upper unit may also serve as office space. The property is located at 1207 Bridge Street, Unit 1209, in downtown Grafton, with street parking available.
Key Highlights
- 1,728‑square‑foot mixed‑use building constructed in 1903
- Ground‑floor layout includes 5 working stations, restroom, kitchen, waiting area, storage, and rear patio
- Second‑floor one‑bedroom apartment with a natural fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,338
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,760
$446.8K
Cap Rate 7%
$319,114
$319.1K
Cap Rate 9%
$248,200
$248.2K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$32.8K $18.96/SF
− Vacancy
−$852 −$0.49/SF
EGI
$31.9K $18.47/SF
− OpEx
−$9.6K −$5.54/SF
NOI
$22.3K $12.93/SF
Area
Ozaukee County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,760
Cap Rate 7%
$319,114
Cap Rate 9%
$248,200
Alternative Uses
Best Use
Retail
$319.1K
$279.2K – $372.3K
NOI $22,338 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$245.6K
$214.9K – $286.5K
NOI $17,189 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$407.1K
$356.3K – $475.0K
NOI $28,500 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Apparel 33%
Dining 17%
Goodwill
Apparel
14,065 visits/mo
0.5 miles
Citgo
Shops & Services
8,308 visits/mo
0.5 miles
BP
Shops & Services
4,723 visits/mo
0.3 miles
Colectivo Coffee
Dining
4,597 visits/mo
0.2 miles
BMO Harris Bank
Shops & Services
3,984 visits/mo
0.2 miles
Demographics for 53024, WI
18,291
Population
8,598
Households
2.1
Avg Household Size
44
Median Age
46%
College-Educated
99%
High-School Grad
27.5 sq mi
ZIP Area
665
Density / Sq Mi
$91,675
Median Household Income
$53,758
Median Earnings
$1,124
Median Rent
$353,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space with an upper one-bedroom apartment and flexible office potential in downtown Grafton.
Where is this mixed-use property located?
The property is located at 1207 Bridge Street Unit 1209 Grafton, WI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,728‑square‑foot mixed‑use building constructed in 1903; Ground‑floor layout includes 5 working stations, restroom, kitchen, waiting area, storage, and rear patio; Second‑floor one‑bedroom apartment with a natural fireplace
