Historic Brick Mixed-Use
194 Baldwin St Sharon, WI 53585
For Sale
$167,000
Historic brick mixed-use building with storefront visibility, 40 feet of frontage, and a newer rubber membrane roof.
Property Size1,500 SF
Price / SF$111.33
Days on Market116
Property Features for 194 Baldwin St
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing Agency:
Coldwell Banker HomeSale Realty - Wauwatosa
(414) 426-6301
Listed By:
Tristaca Patrick-Yarbrough
(414) 426-6301
Source:
Exprealty
Added: Mar 31
Changed: Jul 22
Last Checked: Jul 23 at 9:20PM
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 Coldwell Banker HomeSale Realty - Wauwatosa
Investment Insights
Based on property information with market context.
This historic brick mixed-use building offers a storefront configuration with approximately 40 feet of frontage, along with exterior tuckpointing and a newer rubber membrane roof. The property includes an active month-to-month tenant generating immediate rental income, while the upper level provides additional value through its separate space.
Located at 194 Baldwin St in Sharon, Wisconsin, the building’s storefront presence is positioned for retail or local service activity along the street frontage.
The asset is approximately 1,500 square feet and is being offered for sale with the current month-to-month tenancy in place.
Located at 194 Baldwin St in Sharon, Wisconsin, the building’s storefront presence is positioned for retail or local service activity along the street frontage.
The asset is approximately 1,500 square feet and is being offered for sale with the current month-to-month tenancy in place.
Key Highlights
- Approx. 1,500 sq ft historic brick mixed‑use building in Sharon, WI
- About 40 ft of Baldwin Street frontage for storefront visibility
- Newer rubber membrane roof and tuckpointed exterior
Financial Insights For Office B
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 | $22.5k | $15.00 |
| − Vacancy | −$5.0k | −$3.30 |
| EGI | $17.6k | $11.70 |
| − OpEx | −$4.4k | −$2.93 |
| NOI | $13.2k | $8.78 |
1,500 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$188.0K
$164.5K – $219.4K
NOI $13,163 @ 7.0% cap · market cap 7.88%
Second Best
Retail
$178.8K
$156.5K – $208.7K
NOI $12,519 @ 7.0% cap · market cap 7.50%
Theoretical Best
Specialty Retail
$289.5K
$253.3K – $337.7K
NOI $20,264 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Doug Cartland Inc
Consultant
FAQs
What type of property is this?
Storefront property - Historic brick mixed-use building with storefront visibility, 40 feet of frontage, and a newer rubber membrane roof.
Where is this storefront property located?
The property is located at 194 Baldwin St Sharon, WI.
What is the asking price?
The asking price for this property is $167,000.
What are key features of this property?
This property features: Approx. 1,500 sq ft historic brick mixed‑use building in Sharon, WI; About 40 ft of Baldwin Street frontage for storefront visibility; Newer rubber membrane roof and tuckpointed exterior
