Mixed-Use Building with
For Sale
$825,000
1613 Chase St, La Crosse, WI 54601
Office suites, heated warehouse space, and an upper-level four-bedroom apartment support multiple occupancy configurations.
Property Size11,000 SF
Price / SF$77.02
Days on Market89
Property Features for 1613 Chase St
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Commercial
Building Details
Year Built
1953
Buildings
1
Building Size
11,000 SF
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(608) 498-1323
Listed By:
Spenser Nickelatti · License #8335794
Source:
Homesinwisconsin
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 25 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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 1953, this mixed-use property combines office, warehouse, and residential components within nearly 11,000 square feet. The office portion includes two spaces accessed from 16th St, several private offices, a reception area, custom cabinetry, and a built-in safe. A heated warehouse provides substantial storage or operational space and includes multiple overhead doors.
The upper level contains a 2,400-square-foot apartment with four bedrooms, hardwood flooring, custom cabinetry, and a recreation area. The building is configured with approximately 5-6 total units, allowing the office, warehouse, and residential areas to function as distinct components. The property is located at 1613 Chase St in La Crosse, Wisconsin.
The upper level contains a 2,400-square-foot apartment with four bedrooms, hardwood flooring, custom cabinetry, and a recreation area. The building is configured with approximately 5-6 total units, allowing the office, warehouse, and residential areas to function as distinct components. The property is located at 1613 Chase St in La Crosse, Wisconsin.
Key Highlights
- Nearly 11,000 sq ft mixed‑use building at 1613 Chase St
- Heated warehouse with multiple overhead doors
- Two office spaces off of 16th St
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,325,020
$1.3M
Cap Rate 7%
$946,443
$946.4K
Cap Rate 9%
$736,122
$736.1K
Market Conditions
NOI Build-Up for 10,712 SF
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.
Gross rent
$101.5K $9.48/SF
− Vacancy
−$6.9K −$0.64/SF
EGI
$94.6K $8.84/SF
− OpEx
−$28.4K −$2.65/SF
NOI
$66.3K $6.18/SF
Area
La Crosse County, WI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,325,020
Cap Rate 7%
$946,443
Cap Rate 9%
$736,122
Alternative Uses
Best Use
Flex RnD
$1.78M
$1.55M – $2.07M
NOI $124,328 @ 7.0% cap · market cap 15.07%
Second Best
Office B
$1.61M
$1.41M – $1.88M
NOI $112,797 @ 7.0% cap · market cap 13.67%
Theoretical Best
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,990 @ 7.0% cap · market cap 19.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites, heated warehouse space, and an upper-level four-bedroom apartment support multiple occupancy configurations.
Where is this mixed-use property located?
The property is located at 1613 Chase St La Crosse, WI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Nearly 11,000 sq ft mixed‑use building at 1613 Chase St; Heated warehouse with multiple overhead doors; Two office spaces off of 16th St
