Mixed-Use Building with
For Sale
$649,000
2128-2130 State Road 16, La Crosse, WI 54601
Ground-level commercial office space is paired with a residential unit on the upper floor.
Property Size6,298 SF
Price / SF$103.05
Days on Market58
Property Features for 2128-2130 State Road 16
General Information
Standard status
Active
Size
6,298 SF
Total Parking Spaces
16
Property subtype
Commercial
Zoning
Commercial
Additional Details
Floor
Main Floor
Multifamily Units
1
Property Use
Office
Taxes and HOA fees
Annual Taxes
$12,371
Building Details
Building Size
6,298 SF
Year Built
1947
Buildings
1
Listing Agency:
RE/MAX Results
(608) 781-7629
Listed By:
Michael Richgels · License #505790
(608) 781-7669
Source:
Defererealestate
Added: Sep 3
Changed: Oct 29
Last Checked: Oct 29 at 8:36PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
Built in 1947, this mixed-use property places commercial office space at street level and a residential apartment above. The two-level configuration combines business and residential space within one building.
The property is located at 2128-2130 State Road 16 in La Crosse, Wisconsin.
The property is located at 2128-2130 State Road 16 in La Crosse, Wisconsin.
Key Highlights
- Commercial office space on the ground floor with a residential apartment above
- Built in 1947
- Located at 2128‑2130 State Road 16, La Crosse, WI 54601
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,493
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,860
$1.1M
Cap Rate 7%
$807,043
$807.0K
Cap Rate 9%
$627,700
$627.7K
Market Conditions
NOI Build-Up for 6,298 SF
Gross rent
$98.2K $15.60/SF
− Vacancy
−$7.9K −$1.25/SF
EGI
$90.4K $14.35/SF
− OpEx
−$33.9K −$5.38/SF
NOI
$56.5K $8.97/SF
Area
La Crosse County, WI
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,860
Cap Rate 7%
$807,043
Cap Rate 9%
$627,700
Alternative Uses
Best Use
Office B
$947.4K
$829.0K – $1.11M
NOI $66,318 @ 7.0% cap · market cap 10.22%
Second Best
Mixed Use
$807.0K
$706.2K – $941.6K
NOI $56,493 @ 7.0% cap · market cap 8.70%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,416 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
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Business Placement
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level commercial office space is paired with a residential unit on the upper floor.
Where is this mixed-use property located?
The property is located at 2128-2130 State Road 16 La Crosse, WI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Commercial office space on the ground floor with a residential apartment above; Built in 1947; Located at 2128‑2130 State Road 16, La Crosse, WI 54601
