Mixed-Use Property with
For Sale
$205,000
208 N Main St, Burlington, WI 53105
Two occupied units combine a street-facing commercial space with a private residential apartment.
Property Size1,904 SF
Price / SF$107.67
Days on Market52
Property Features for 208 N Main St
General Information
Standard status
Active
Size
1,904 SF
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Asking Price
$215,000
Road Access
Yes
Building Details
Year Built
1977
Tenancy
Multi
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Lorie Spiewak
(262) 441-8921
Source:
Nikolicgroup
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 5 at 9:23PM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
This 1,904-square-foot mixed-use property, built in 1977, combines a main-frontage commercial storefront with a separate residential apartment. The commercial unit includes a half-bath, while the ground-level apartment at the rear provides two bedrooms and one bathroom. Both spaces are currently tenant-occupied.
Located at 208 N Main St Unit 210 in Burlington, Wisconsin, the property places the commercial space directly along the street frontage. Street parking outside the building serves both commercial visitors and residential occupants. The configuration provides distinct commercial and residential areas within one compact asset.
Located at 208 N Main St Unit 210 in Burlington, Wisconsin, the property places the commercial space directly along the street frontage. Street parking outside the building serves both commercial visitors and residential occupants. The configuration provides distinct commercial and residential areas within one compact asset.
Key Highlights
- 1,904‑square‑foot mixed‑use property built in 1977
- Street‑facing commercial storefront with dedicated half‑bath
- Separate ground‑level rear apartment with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,096
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,920
$361.9K
Cap Rate 7%
$258,514
$258.5K
Cap Rate 9%
$201,067
$201.1K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$34.3K $18.00/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$32.9K $17.28/SF
− OpEx
−$14.8K −$7.78/SF
NOI
$18.1K $9.50/SF
Area
Racine County, WI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,920
Cap Rate 7%
$258,514
Cap Rate 9%
$201,067
Alternative Uses
Best Use
Mixed Use
$281.5K
$246.3K – $328.4K
NOI $19,706 @ 7.0% cap · market cap 9.61%
Second Best
Retail
$276.7K
$242.2K – $322.9K
NOI $19,372 @ 7.0% cap · market cap 9.45%
Theoretical Best
Office A
$457.9K
$400.6K – $534.2K
NOI $32,051 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied units combine a street-facing commercial space with a private residential apartment.
Where is this mixed-use property located?
The property is located at 208 N Main St Burlington, WI.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,904‑square‑foot mixed‑use property built in 1977; Street‑facing commercial storefront with dedicated half‑bath; Separate ground‑level rear apartment with 2 bedrooms and 1 bathroom
