Mixed-Use Storefront
For Sale
$215,000
208 N Main St, Burlington, WI 53105
Street-front commercial space is paired with a private apartment and existing occupants.
Property Size1,904 SF
Price / SF$112.92
Days on Market17
Property Features for 208 N Main St
General Information
Standard status
Active
Size
1,904 SF
Building Details
Year Built
1977
Listing Agency:
Shorewest Realtors, Inc.
(262) 441-8921
Listed By:
Lorie Spiewak
Source:
Nikolicgroup
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 29 at 12:24PM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property combines a street-facing commercial storefront with a separate residential apartment. The commercial portion includes a private half-bath, while the rear ground-level apartment provides two bedrooms and one bathroom. The property was built in 1977 and contains 1,904 square feet.
Both components are currently tenant-occupied, providing an established occupancy profile for a buyer. The storefront fronts N Main St in Burlington, Wisconsin, with street parking directly outside for commercial visitors and residents. The layout supports distinct commercial and residential uses within one building.
Both components are currently tenant-occupied, providing an established occupancy profile for a buyer. The storefront fronts N Main St in Burlington, Wisconsin, with street parking directly outside for commercial visitors and residents. The layout supports distinct commercial and residential uses within one building.
Key Highlights
- 1,904‑square‑foot mixed‑use property
- Street‑facing commercial storefront with private half‑bath
- Rear ground‑level apartment with 2 bedrooms and 1 bathroom
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
$19,706
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
9.17%
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%
$394,120
$394.1K
Cap Rate 7%
$281,514
$281.5K
Cap Rate 9%
$218,956
$219.0K
Market Conditions
NOI Build-Up for 1,904 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
$34.3K $18.00/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$31.5K $16.56/SF
− OpEx
−$11.8K −$6.21/SF
NOI
$19.7K $10.35/SF
Area
Racine County, WI
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$394,120
Cap Rate 7%
$281,514
Cap Rate 9%
$218,956
Alternative Uses
Best Use
Mixed Use
$281.5K
$246.3K – $328.4K
NOI $19,706 @ 7.0% cap · market cap 9.17%
Second Best
Retail
$276.7K
$242.2K – $322.9K
NOI $19,372 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$457.9K
$400.6K – $534.2K
NOI $32,051 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
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?
Mixed-use property - Street-front commercial space is paired with a private apartment and existing occupants.
Where is this mixed-use property located?
The property is located at 208 N Main St Burlington, WI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,904‑square‑foot mixed‑use property; Street‑facing commercial storefront with private half‑bath; Rear ground‑level apartment with 2 bedrooms and 1 bathroom
