Renovated Office/Retail
203 E Wisconsin Ave Oconomowoc, WI 53066
For Sale
Contact for pricing
Renovated building with office and retail spaces, currently 100% leased to 13 tenants.
Property Size16,040 SF
Price / SF$168.27
Days on Market406
Property Features for 203 E Wisconsin Ave
General Information
Standard status
Active
Size
16,040 SF
Property subtype
RETAIL
Listing Agency:
Judson & Associates, S.C.
(262) 695-8800
Listed By:
Colleen Geiger · License #9750194
(414) 801-9480
Source:
Moodyscre
Added: Jun 19, 2025
Changed: Jul 26
Last Checked: Jul 28 at 3:05PM
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 Judson & Associates, S.C.
Investment Insights
Based on property information with market context.
This renovated mixed-use office and retail building is currently 100% leased by 13 office/retail tenants. The property underwent a complete renovation in 2021–2022, including a new roof, new mechanical systems and HVAC, new staircases, new interior walls, new electrical, new plumbing, and updated front glass walls and entrance.
The building’s configuration supports both office and retail operations, with tenant-ready improvements completed through the recent renovation.
The property is offered for sale with its current leased status in place.
The building’s configuration supports both office and retail operations, with tenant-ready improvements completed through the recent renovation.
The property is offered for sale with its current leased status in place.
Key Highlights
- Currently 100% leased by 13 office/retail tenants
- Complete renovation completed in 2021–2022 with new roof
- 2021–2022 upgrades include new HVAC and new mechanicals
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 | $336.8k | $21.00 |
| − Vacancy | −$12.1k | −$0.76 |
| EGI | $324.7k | $20.24 |
| − OpEx | −$97.4k | −$6.07 |
| NOI | $227.3k | $14.17 |
16,040 SF · lease $21.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.25M
$2.84M – $3.79M
NOI $227,300 @ 7.0% cap · market cap 8.42%
Second Best
Office B
$3.18M
$2.78M – $3.71M
NOI $222,685 @ 7.0% cap · market cap 8.25%
Theoretical Best
Flex RnD
$8.19M
$7.16M – $9.55M
NOI $573,044 @ 7.0% cap · market cap 21.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Old Theater Mall — 171 E Wisconsin Ave, Oconomowoc, WI 53066
- Whistle Stop Plaza — 419 E Wisconsin Ave, Oconomowoc, WI 53066
Frequently Asked Questions
What type of property is this?
Shopping center - Renovated building with office and retail spaces, currently 100% leased to 13 tenants.
Where is this shopping center located?
The property is located at 203 E Wisconsin Ave Oconomowoc, WI.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Currently 100% leased by 13 office/retail tenants; Complete renovation completed in 2021–2022 with new roof; 2021–2022 upgrades include new HVAC and new mechanicals
