Vacant Automotive Lot with
For Sale
$425,000
Pending
19101 Spring Street, Union Grove, WI 53182
Vacant 1.68-acre site with a 2,500 sq ft building previously used for a used car lot.
Property Size2,500 SF
Lot Size1.68 Acres
Days on Market747
Property Features for 19101 Spring Street
General Information
Standard status
Pending
Size
2,500 SF
Lot size
1.68 Acres
Listing Agency:
Limbo - NON - MEMBERS
(414) 778-5400
Listed By:
Steven Simonovich
(414) 778-5400
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 10
Last Checked: Jul 30 at 2:04PM
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 Limbo - NON - MEMBERS
Investment Insights
Based on property information with market context.
This offering is a vacant lot totaling 1.68 acres, with an existing 2,500 sq ft building on the premises. The property was previously used as a used car lot, providing a layout that may be compatible with light automotive and vehicle-related site uses, subject to applicable approvals.
Located at 19101 Spring Street in Yorkville, WI 53182, the site presents an opportunity for buyers seeking a larger parcel with an on-site structure rather than land alone.
For tenants, buyers, or operators, the combination of land area and an existing building can support a range of restart or reuse plans, including automotive-adjacent operations that benefit from a maintained site footprint. As with any redevelopment or change in use, prospective buyers should confirm intended use requirements with the appropriate local authorities.
Located at 19101 Spring Street in Yorkville, WI 53182, the site presents an opportunity for buyers seeking a larger parcel with an on-site structure rather than land alone.
For tenants, buyers, or operators, the combination of land area and an existing building can support a range of restart or reuse plans, including automotive-adjacent operations that benefit from a maintained site footprint. As with any redevelopment or change in use, prospective buyers should confirm intended use requirements with the appropriate local authorities.
Key Highlights
- Vacant 1.68‑acre lot with a 2,500 SF building on the premises
- Previously used as a used car lot
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 | $37.5k | $15.00 |
| − Vacancy | −$1.2k | −$0.47 |
| EGI | $36.3k | $14.54 |
| − OpEx | −$10.9k | −$4.36 |
| NOI | $25.4k | $10.17 |
2,500 SF · lease $15.00/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$363.4K
$318.0K – $423.9K
NOI $25,436 @ 7.0% cap · market cap 5.98%
Second Best
Industrial
$173.6K
$151.9K – $202.5K
NOI $12,149 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$601.2K
$526.1K – $701.4K
NOI $42,084 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
4,123 visits/mo
0.1 miles
Demographics for 53182, WI
9,422
Population
3,471
Households
2.7
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
55.3 sq mi
ZIP Area
170
Density / Sq Mi
$93,175
Median Household Income
$53,210
Median Earnings
$1,067
Median Rent
$305,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 19031 Spring St, Union Grove, WI 53182
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Vacant 1.68-acre site with a 2,500 sq ft building previously used for a used car lot.
Where is this parking lot & garage located?
The property is located at 19101 Spring Street Union Grove, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Vacant 1.68‑acre lot with a 2,500 SF building on the premises; Previously used as a used car lot
