14-Unit Retail Strip
220 Wisconsin St & 545 High Ave, Oshkosh, WI 54901
For Sale
New
$3,455,000
Two buildings stand beside the University of Wisconsin–Oshkosh, in an area with student housing.
Property Size28,373 SF
Price / SF$121.77
Days on Market4
Property Features for 220 Wisconsin St & 545 High Ave
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Amenities
Prime Location Adjacent to University of Wisconsin-Oshkosh with Several Long-Term Tenants that Cater to the Student Population
Two Multi-Tenant Retail Buildings with 100 Percent Occupancy by Fourteen Tenants
Mix of Triple Net and Gross Leases: 52.67 Percent Occupied by Net Leases and 47.24 Percent Occupied by Gross Leases
New Roof with 20 Year Bond on the Majority of 220 Wisconsin Street
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Marcus & Millichap - Milwaukee
Listed By:
Jeff Rowlett · License #License(s): WI: 74743-94, IL: 471.016866
(262) 364-1924
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 6 at 5:11AM
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 Marcus & Millichap - Milwaukee
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
University Plaza comprises two retail buildings with a total of 14 units and 28,373 square feet. Built in 1971, the center is fully occupied and has a combination of net and gross leases.
The property is immediately beside the University of Wisconsin–Oshkosh and is situated within a student-housing area.
The property is immediately beside the University of Wisconsin–Oshkosh and is situated within a student-housing area.
Key Highlights
- Two‑building retail center with 14 units
- 28,373 square feet across the center
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,594
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,451,880
$5.5M
Cap Rate 7%
$3,894,200
$3.9M
Cap Rate 9%
$3,028,822
$3.0M
Market Conditions
NOI Build-Up for 28,373 SF
Gross rent
$425.6K $15.00/SF
− Vacancy
−$36.2K −$1.28/SF
EGI
$389.4K $13.73/SF
− OpEx
−$116.8K −$4.12/SF
NOI
$272.6K $9.61/SF
Area
Winnebago County, WI
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,451,880
Cap Rate 7%
$3,894,200
Cap Rate 9%
$3,028,822
Alternative Uses
Best Use
Retail
$3.89M
$3.41M – $4.54M
NOI $272,594 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.12M
$5.36M – $7.14M
NOI $428,673 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 24%
Home Improvements & Furnishings 16%
Kitz & Pfeil Ace Hardware
Home Improvements & Furnishings
7,662 visits/mo
0.1 miles
Burger King
Dining
7,323 visits/mo
0.3 miles
Jimmy John's
Dining
5,812 visits/mo
0.4 miles
U.S. Bank
Shops & Services
5,171 visits/mo
0.2 miles
Papa John's Pizza
Dining
4,448 visits/mo
0.4 miles
Demographics for 54901, WI
37,594
Population
15,381
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
16.6 sq mi
ZIP Area
2,265
Density / Sq Mi
$61,734
Median Household Income
$31,289
Median Earnings
$932
Median Rent
$164,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Two buildings stand beside the University of Wisconsin–Oshkosh, in an area with student housing.
Where is this strip mall located?
The property is located at 220 Wisconsin St & 545 High Ave Oshkosh, WI.
What is the asking price?
The asking price for this property is $3,455,000.
What are key features of this property?
This property features: Two‑building retail center with 14 units; 28,373 square feet across the center; 100% occupied
