Mixed-Use Building with
For Sale
$674,900
1415 W KAMPS Avenue, Appleton, WI 54914
Ground-floor commercial space and four apartments create a mixed-use income property.
Property Size4,223 SF
Price / SF$159.82
Days on Market18
Property Features for 1415 W KAMPS Avenue
General Information
Standard status
Active
Size
4,223 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR, 2 x 1BR
Multifamily Units
4
Additional Details
Mixed-Use Components
retail, residential
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,872
Building Details
Building Size
4,223 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Affiliated
Listed By:
Keith D. Sippel · License #91-937810
(920) 750-7374
Source:
C21ace
Added: Oct 12
Changed: Oct 25
Last Checked: Oct 28 at 5:47PM
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 Century 21 Affiliated
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Investment Insights
Based on property information with market context.
The 8,446-square-foot property combines commercial space on the first floor with four apartments above. The ground level is configured for six commercial rental spaces, though most are currently occupied by a single tenant. The residential units comprise two two-bedroom apartments and two one-bedroom apartments. The building dates to 1900, and the sale includes an additional lot east of the building for parking.
The property is in Appleton, close to city activities, shopping, restaurants, and community events including parades, car shows, and a farmers market.
The property is in Appleton, close to city activities, shopping, restaurants, and community events including parades, car shows, and a farmers market.
Key Highlights
- 8,446‑square‑foot mixed‑use building
- First floor configured for six commercial rental spaces; most are currently used by one tenant
- Four upper‑level apartments: two 2‑bedroom units and two 1‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,758
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,160
$855.2K
Cap Rate 7%
$610,829
$610.8K
Cap Rate 9%
$475,089
$475.1K
Market Conditions
NOI Build-Up for 4,223 SF
Gross rent
$76.0K $18.00/SF
− Vacancy
−$7.6K −$1.80/SF
EGI
$68.4K $16.20/SF
− OpEx
−$25.7K −$6.07/SF
NOI
$42.8K $10.13/SF
Area
Outagamie County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,160
Cap Rate 7%
$610,829
Cap Rate 9%
$475,089
Alternative Uses
Best Use
Mixed Use
$610.8K
$534.5K – $712.6K
NOI $42,758 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$430.3K
$376.6K – $502.1K
NOI $30,124 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,504 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space and four apartments create a mixed-use income property.
Where is this mixed-use property located?
The property is located at 1415 W KAMPS Avenue Appleton, WI.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 8,446‑square‑foot mixed‑use building; First floor configured for six commercial rental spaces; most are currently used by one tenant; Four upper‑level apartments: two 2‑bedroom units and two 1‑bedroom units
