Mixed-Use Property with
New
For Sale
$275,000
1224 S Commercial Street, Neenah, WI 54956
C1 Commercial zoning and a kitchen, laundry area, and full bath support a flexible property configuration.
Property Size2,035 SF
Price / SF$135.14
Days on Market2
Property Features for 1224 S Commercial Street
General Information
Standard status
Active
Size
2,035 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
C1 Commercial
Taxes and HOA fees
Annual Taxes
$3,803
Building Details
Building Size
2,035 SF
Year Built
1946
Buildings
1
Stories
2
Units
1
Listing Agency:
Keller Williams Fox Cities
(920) 903-9031
Listed By:
Jennifer M. Buah
(920) 442-7011
Source:
Lamersrealty
Added: Oct 29
Last Checked: Oct 29 at 2:33PM
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 Keller Williams Fox Cities
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Investment Insights
Based on property information with market context.
Built in 1946, this 2,035-square-foot mixed-use property includes a kitchen, laundry area, and full bath. The site has six dedicated parking spaces and a fully fenced backyard. C1 Commercial zoning applies; a combination of commercial space and residential living may be possible, subject to municipal regulations and buyer verification.
The property is at 1224 S Commercial Street in Neenah, Wisconsin, along a high-traffic corridor.
The property is at 1224 S Commercial Street in Neenah, Wisconsin, along a high-traffic corridor.
Key Highlights
- 2,035‑square‑foot mixed‑use property built in 1946
- C1 Commercial zoning
- Kitchen, laundry area, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,835
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,700
$296.7K
Cap Rate 7%
$211,929
$211.9K
Cap Rate 9%
$164,833
$164.8K
Market Conditions
NOI Build-Up for 2,035 SF
Gross rent
$26.4K $12.96/SF
− Vacancy
−$2.6K −$1.30/SF
EGI
$23.7K $11.66/SF
− OpEx
−$8.9K −$4.37/SF
NOI
$14.8K $7.29/SF
Area
Winnebago County, WI
Vacancy
10.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,700
Cap Rate 7%
$211,929
Cap Rate 9%
$164,833
Alternative Uses
Best Use
Mixed Use
$211.9K
$185.4K – $247.3K
NOI $14,835 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.2K
$384.3K – $512.4K
NOI $30,746 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C1 Commercial zoning and a kitchen, laundry area, and full bath support a flexible property configuration.
Where is this mixed-use property located?
The property is located at 1224 S Commercial Street Neenah, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,035‑square‑foot mixed‑use property built in 1946; C1 Commercial zoning; Kitchen, laundry area, and full bath
