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    Mixed-Use Building with Detached Garage Title is generated by Realmo AI

    1791 SUPERIOR ST, Three Lakes, WI 54562

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    Claim this Listing
    For Sale
    $499,900

    COMMERCIAL - Three Lakes, WI

    Property size:
    3,362 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $148/SF
    Added:
    Apr 9, 2026
    Days on Market:
    88
    Last Refresh:
    Jul 5 at 5:06 am

    Property Features for 1791 SUPERIOR ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    6
    Rooms
    Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 2
    Standard status
    Active
    APN
    TL-2500
    Size
    3,362 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    VILLAGE OF THREE LAKES LOT 6 BLK 7 SM L1349
    Tax Annual Amount
    4586

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    5
    Flooring type
    Carpet, Wood, Laminate
    Building materials
    Brick, Frame

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    JEREMY OBERLANDER
    JEREMY OBERLANDER

    Listing agent JEREMY OBERLANDER License #86995-94

    Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI

    Listing date Apr 9, 2026

    MLS# 216398

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use property with 5 income‑generating tenants
    • 3362 SF main floor commercial space for retail or office use
    • Three residential units above: two 2‑bedroom apartments and one 1‑bedroom apartment
    • Includes a 24' x 55' detached garage for potential rental or personal use
    • Utilities: public water and public sewer
    • Heating and cooling: forced air with natural gas, plus central air

    Overview

    This mixed-use property combines income-producing commercial and residential space. The main floor offers 3,362 square feet of versatile commercial space suitable for retail or office use. Above, there are three residential units, including two 2-bedroom apartments and one 1-bedroom apartment. The property also includes a detached 24' x 55' garage, which can be rented for additional income or kept for personal use. Overall, the building is described as having five income-generating tenants.

    The property is located at 1791 Superior St in Three Lakes, WI (Oneida County). Public remarks note its setting in the heart of Three Lakes, close to the Chain of Lakes and snowmobile trails.

    For buyers and operators, the layout supports a blended use strategy, with commercial space on the ground level and apartment units above. Commercial tenants may benefit from the flexible retail/office configuration, while the residential units provide a separate tenant base within the same building. The detached garage adds an additional space that can support storage or generate rental income, depending on how it is used.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $44.4k $13.20
    − Vacancy −$1.2k −$0.34
    EGI $43.2k $12.86
    − OpEx −$13.0k −$3.86
    NOI $30.3k $9.00
    3,362 SF · lease $13.20/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $432.2K
    $378.2K – $504.3K (±1% cap)
    NOI $30,257 @ 7.0% cap · market cap 6.05%
    Second Best
    Office B
    $410.6K
    $359.3K – $479.1K (±1% cap)
    NOI $28,745 @ 7.0% cap · market cap 5.75%
    Theoretical Best
    Industrial
    $1.57M
    $1.38M – $1.84M (±1% cap)
    NOI $110,150 @ 7.0% cap · market cap 22.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering CENTURY 21 Burkett ... Real Estate Agency

    Suggested Use

    Building Supply Hair Salon Nail Salon Food Market Garden Center Discount Store Bed & Breakfast Auto Repair Shop Skin Care Clinic Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Three Lakes
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.1696805
    Latitude
    45.7976466

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with ground-floor commercial space, three apartments, and a detached 24-by-55 garage.
    Where is this mixed-use property located?
    The property is located at 1791 SUPERIOR ST Three Lakes, WI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Mixed‑use property with 5 income‑generating tenants; 3362 SF main floor commercial space for retail or office use; Three residential units above: two 2‑bedroom apartments and one 1‑bedroom apartment
    More about this property
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