Mixed-Use Storefront and
For Sale
$205,000
1717 Winter St, Superior, WI 54880
COMMERCIAL, Superior, WI
Property Size2,200 SF
Lot Size0.02 Acres
Price / SF$93.18
Days on Market67
Property Features for 1717 Winter St
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Basement, Bathroom 2
Interior features
Fire Stairs, Kitchen Area, Private Resident Building, Restrooms, Fire Escape
Basement
Block
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
North on Tower Ave from Belknap, right on winter street, property is first building on the left.
Subdivision
LSAR
Standard status
Active
Size
2,200 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1225
Utilities
Heating system
Oil, Baseboard, Natural Gas, Radiant, Hot Water(Heating)
Building Details
Year built
1900
Number of units
2
Roof type
Rubber, Flat
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Tom Acton · License #40200615|WI67860-94
(952) 829-2900
Added: Jun 18
Changed: Aug 19
Last Checked: Aug 23 at 4:06AM
MLS# 6114380
Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building includes a lower-level storefront with picture windows, a bathroom, and a utility room on the main floor. The upper level is a residential apartment featuring a large living room, an open kitchen suitable for dining, and a large bedroom with a closet. The apartment also includes laundry machines and access to enclosed fire escape stairs out the back of the building, along with a semi-updated bathroom off the bedroom.
The property is located on Winter Street in Superior, close to downtown activity. The boiler was installed new in 2023 and the roof is described as newer. The electrical system is currently described as screw-in fuse style and will require updates.
The building reflects an older character and is described as dated and in need of some updates, while appearing to be solid. It offers a practical configuration for buyers seeking a street-facing retail setup with an additional income-producing residential component.
The property is located on Winter Street in Superior, close to downtown activity. The boiler was installed new in 2023 and the roof is described as newer. The electrical system is currently described as screw-in fuse style and will require updates.
The building reflects an older character and is described as dated and in need of some updates, while appearing to be solid. It offers a practical configuration for buyers seeking a street-facing retail setup with an additional income-producing residential component.
Key Highlights
- Mixed‑use building on Winter Street in Superior with separate lower storefront and upper residential unit
- Lower level includes an approx. 1,100 SF storefront with picture windows plus a bathroom and utility room on the main floor
- Upper level offers an approx. 1,100 SF apartment with large living room, open kitchen, and a large bedroom with closet
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
$16,139
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
7.87%
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%
$322,780
$322.8K
Cap Rate 7%
$230,557
$230.6K
Cap Rate 9%
$179,322
$179.3K
Market Conditions
NOI Build-Up for 2,200 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
$30.9K $14.04/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$29.3K $13.34/SF
− OpEx
−$13.2K −$6.00/SF
NOI
$16.1K $7.34/SF
Area
Douglas County, WI
Vacancy
5.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
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%
$322,780
Cap Rate 7%
$230,557
Cap Rate 9%
$179,322
Alternative Uses
Best Use
Retail
$385.7K
$337.5K – $450.0K
NOI $26,999 @ 7.0% cap · market cap 13.17%
Second Best
Apartment 5plus
$230.6K
$201.7K – $269.0K
NOI $16,139 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$693.6K
$606.9K – $809.3K
NOI $48,555 @ 7.0% cap · market cap 23.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54880, WI
30,400
Population
14,325
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
166.1 sq mi
ZIP Area
183
Density / Sq Mi
$66,942
Median Household Income
$40,813
Median Earnings
$901
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-level mixed-use building with a street-level storefront and an upstairs apartment, plus newer boiler and roof.
Where is this storefront property located?
The property is located at 1717 Winter St Superior, 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: Mixed‑use building on Winter Street in Superior with separate lower storefront and upper residential unit; Lower level includes an approx. 1,100 SF storefront with picture windows plus a bathroom and utility room on the main floor; Upper level offers an approx. 1,100 SF apartment with large living room, open kitchen, and a large bedroom with closet
