Mixed-Use Building with
For Sale
$1,900,000
139 N 6th Ave, West Bend, WI 53095
Commercially zoned property combines residential apartments with multiple commercial spaces.
Property Size12,129 SF
Price / SF$156.65
Days on Market149
Property Features for 139 N 6th Ave
General Information
Standard status
Active
Size
12,129 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Multifamily Units
9
Building Details
Year Built
1881
Buildings
1
Tenancy
Multi
Listing Agency:
Boss Realty, LLC
Listed By:
Thomas Zernia · License #5745190
(262) 689-0022
Source:
Viewhomesinwisconsin
Added: Jun 9
Changed: Nov 1
Last Checked: Nov 3 at 6:49AM
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 Boss Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1881, this mixed-use property at 139 N 6th Ave in West Bend, Wisconsin, contains 9 residential apartments alongside 6 commercial spaces. The residential component includes studio and two-bedroom units, while the commercial portion includes 3 storefronts positioned on Main Street.
The building is located in downtown West Bend, an area described with cultural attractions, dining, and a river walk. Commercial zoning supports the property’s combined residential and commercial configuration.
The building is located in downtown West Bend, an area described with cultural attractions, dining, and a river walk. Commercial zoning supports the property’s combined residential and commercial configuration.
Key Highlights
- 9 residential apartments
- 6 commercial spaces within the building
- 3 storefronts on Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,324
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,480
$2.9M
Cap Rate 7%
$2,104,629
$2.1M
Cap Rate 9%
$1,636,933
$1.6M
Market Conditions
NOI Build-Up for 12,129 SF
Gross rent
$218.3K $18.00/SF
− Vacancy
−$7.9K −$0.65/SF
EGI
$210.5K $17.35/SF
− OpEx
−$63.1K −$5.21/SF
NOI
$147.3K $12.15/SF
Area
Washington County, WI
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,480
Cap Rate 7%
$2,104,629
Cap Rate 9%
$1,636,933
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.46M
NOI $147,324 @ 7.0% cap · market cap 7.75%
Second Best
Mixed Use
$1.93M
$1.69M – $2.25M
NOI $135,287 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$3.33M
$2.92M – $3.89M
NOI $233,411 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
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Business Placement
Demographics for 53095, WI
27,269
Population
12,741
Households
2.1
Avg Household Size
45
Median Age
32%
College-Educated
96%
High-School Grad
70.4 sq mi
ZIP Area
387
Density / Sq Mi
$82,219
Median Household Income
$49,779
Median Earnings
$1,015
Median Rent
$286,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines residential apartments with multiple commercial spaces.
Where is this mixed-use property located?
The property is located at 139 N 6th Ave West Bend, WI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 9 residential apartments; 6 commercial spaces within the building; 3 storefronts on Main Street
