19101 Spring Street, Union Grove, WI 53182
Vacant 1.68-acre site with a 2,500 sq ft building previously used for a used car lot.
- Added:
- Jul 15, 2024
- Days on Market:
- 701
- Last Refresh:
- Jun 13 at 4:06 am
Property Features for 19101 Spring Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 1.68 Acres
Listing agent Steven Simonovich (414) 778-5400
Listing office Limbo - NON - MEMBERS (414) 778-5400
Listing date Jul 15, 2024
Source Exprealty
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 Limbo - NON - MEMBERS
HighLights
- Vacant 1.68‑acre lot with a 2,500 SF building on the premises
- Previously used as a used car lot
Overview
Located at 19101 Spring Street in Yorkville, WI 53182, the site presents an opportunity for buyers seeking a larger parcel with an on-site structure rather than land alone.
For tenants, buyers, or operators, the combination of land area and an existing building can support a range of restart or reuse plans, including automotive-adjacent operations that benefit from a maintained site footprint. As with any redevelopment or change in use, prospective buyers should confirm intended use requirements with the appropriate local authorities.
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 | $37.5k | $15.00 |
| − Vacancy | −$1.2k | −$0.47 |
| EGI | $36.3k | $14.54 |
| − OpEx | −$10.9k | −$4.36 |
| NOI | $25.4k | $10.17 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- U-Haul Neighborhood Dealer — 19031 Spring St, Union Grove, WI 53182
Location Insight
- Map
- Local Demand
- City
- Union Grove
- County
- Racine
- State
- Wisconsin
- Longitude
- -88.050771
- Latitude
- 42.704816
