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    Corner-Lot Residential Income Property Title is generated by Realmo AI

    1209 E 5th St, Superior, WI 54880

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    Claim this Listing
    For Sale
    $550,000

    COMMERCIAL - Superior, WI

    Property size:
    4,654 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $118/SF
    Added:
    Apr 30, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 16 at 4:06 pm

    Property Features for 1209 E 5th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    5
    Rooms
    Bathroom 4, Bathroom 5, Basement, Bathroom 3, Bathroom 2, Bathroom 1
    Interior features
    Elevator, Restrooms
    Basement
    Concrete
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    Size
    4,654 SF
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5066

    Utilities

    Heating system
    Hot Water(Heating), Natural Gas, Oil
    Cooling system
    Zoned, Ductless

    Building Details

    Year built
    1923
    Number of units
    1
    Roof type
    Shingle

    We can help!

    Listing Contact
    Mike Raivala
    Mike Raivala

    Listing agent Mike Raivala License #5812490

    Listing office RE/MAX Results Duluth, WI

    Listing date Apr 30, 2026

    MLS# 6124845

    Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Corner‑lot commercial property with over 4,600 sq ft of versatile space
    • Three garages plus abundant paved off‑street parking and additional street parking
    • Interior includes an elevator and multiple restrooms; accessible elevator installed
    • Layout features a large living room, formal dining room, spacious kitchen, 3 bedrooms, and 4 bathrooms
    • Full basement includes two separate exits for additional utility or storage
    • Built in 1923 with shingle roof; heating includes hot water, natural gas, and oil; zoned ductless cooling

    Overview

    This corner-lot property offers approximately 4,654 square feet of interior space configured with a large living room, formal dining room, spacious kitchen, three bedrooms, and four bathrooms. The home includes a full basement featuring two separate exits, providing additional flexibility for storage or other uses. Parking is supported by three garages along with abundant paved off-street parking and additional street parking.

    Located in the East End / Central Park area of Superior, Wisconsin, the property’s corner positioning and parking setup are well suited to tenants or owners looking for a multi-space footprint. The layout features multiple finished rooms designed to support a variety of household arrangements.

    The space can be considered for a range of residential concepts, including a multi-unit conversion or a group home format, as well as single-family occupancy depending on the buyer’s plans. With several bedrooms and bathrooms, plus the basement’s independent exits, the property may also support alternative residential arrangements where extra space and egress matter. Bring your ideas and evaluate the floor plan and site features for your intended use.

    Local Financial Insights For Apartment 5plus

    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 $65.3k $14.04
    − Vacancy −$3.3k −$0.70
    EGI $62.1k $13.34
    − OpEx −$27.9k −$6.00
    NOI $34.1k $7.34
    4,654 SF · lease $14.04/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $487.7K
    $426.8K – $569.0K (±1% cap)
    NOI $34,141 @ 7.0% cap · market cap 6.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $1.47M
    $1.28M – $1.71M (±1% cap)
    NOI $102,716 @ 7.0% cap · market cap 18.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.061804
    Latitude
    46.714098

    FAQs

    What type of property is this?
    Single family property - Large corner-lot residence with three garages, extensive parking, and a full basement with two exits for flexible living or conversion.
    Where is this single family property located?
    The property is located at 1209 E 5th St Superior, WI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Corner‑lot commercial property with over 4,600 sq ft of versatile space; Three garages plus abundant paved off‑street parking and additional street parking; Interior includes an elevator and multiple restrooms; accessible elevator installed
    More about this property
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