Building Details

Year built 1881

Architectural style Other

Listing Agency: Boss Realty, LLC

Listed By: Thomas Zernia Show Phone

Added: Jul 29 Changed: Oct 12 Last Checked: Oct 29 at 4:06PM

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MLS# 1973664

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Investment Insights

Based on property information with market context.

Built in 1881, this mixed-use property contains 12,129 square feet on a 0.16-acre parcel. The building includes nine residential apartments, with studio and two-bedroom configurations, along with six commercial spaces. Three of the commercial areas are storefronts located on Main Street.

The property is in downtown West Bend, Wisconsin, at 139 N 6th Ave. Its commercial zoning supports the existing combination of residential and commercial space. The surrounding downtown setting includes cultural attractions, dining establishments, and a scenic river walk.

Key Highlights

• 12,129‑square‑foot mixed‑use building on a 0.16‑acre parcel
• Nine residential apartments with studio and two‑bedroom configurations
• Six commercial spaces, including 3 Main Street storefronts

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

Is this asking price fair?

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 (±1% cap)

NOI $147,324 @ 7.0% cap · market cap 7.75%

Second Best

Mixed Use

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $135,287 @ 7.0% cap · market cap 7.12%

Theoretical Best

Office A

$3.33M

$2.92M – $3.89M (±1% cap)

NOI $233,411 @ 7.0% cap · market cap 12.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Altered State Textiles (Bike/Boat/Book/etc) Store Sublime Barbering Barber Shop Hygge Chakra Salon Hair Salon Studio K9 Llc Pet Grooming Service Dave the Barber Barber Shop

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Big Box & Wholesale Store Kitchen & Bath Showroom Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

887

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercially zoned building combines apartments with retail and other commercial space.

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: 12,129‑square‑foot mixed‑use building on a 0.16‑acre parcel; Nine residential apartments with studio and two‑bedroom configurations; Six commercial spaces, including 3 Main Street storefronts