Flexible Mixed-Use
For Sale
$449,500
226552 Hummingbird Rd, Rib Mountain, WI 54401
Adaptable layout with multiple rooms, lower-level expansion space, and an attached garage for parking, storage, or workspace.
Property Size1,800 SF
Price / SF$249.72
Days on Market91
Property Features for 226552 Hummingbird Rd
General Information
Standard status
Active
Size
1,800 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,481
Building Details
Buildings
1
Listing Agency:
ROCK SOLID REAL ESTATE
Listed By:
THE WARAKSA GROUP · License #6014790
(715) 846-1300
Source:
Exprealty
Added: Jul 17
Changed: Oct 8
Last Checked: Oct 15 at 1:37AM
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 ROCK SOLID REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use property is currently configured as a single-family home and offers a flexible layout for future commercial adaptation, subject to zoning and municipal approvals. The 1,624-square-foot main level includes a kitchen and dinette, living room, three bedrooms, a full bathroom, foyer areas, storage closets, and a laundry room with utility sink and toilet. These rooms may support office, consultation, treatment, reception, or collaborative functions depending on the approved use.
The lower level adds a 28-by-13-foot unfinished area, three partially finished 13-by-12-foot rooms, a 19-by-13-foot unfinished bonus area, a 13-by-8-foot concrete storage room, daylight windows, and a partially finished second full bathroom. An attached garage measuring 28 feet deep by 26 feet wide provides additional vehicle, storage, or workshop capacity. The property is located on Hummingbird Road in Rib Mountain, with visibility from I-39 and the frontage road, and is near Home Depot, Doepke Park, Rib Mountain State Park, Granite Peak, and Sandy's Bark Park. Building features include steel siding, wood and stone exterior details, a wood deck, block foundation, window air conditioning, a boiler pump replaced in 2017, and a 50-gallon gas water heater installed in September 2021.
The lower level adds a 28-by-13-foot unfinished area, three partially finished 13-by-12-foot rooms, a 19-by-13-foot unfinished bonus area, a 13-by-8-foot concrete storage room, daylight windows, and a partially finished second full bathroom. An attached garage measuring 28 feet deep by 26 feet wide provides additional vehicle, storage, or workshop capacity. The property is located on Hummingbird Road in Rib Mountain, with visibility from I-39 and the frontage road, and is near Home Depot, Doepke Park, Rib Mountain State Park, Granite Peak, and Sandy's Bark Park. Building features include steel siding, wood and stone exterior details, a wood deck, block foundation, window air conditioning, a boiler pump replaced in 2017, and a 50-gallon gas water heater installed in September 2021.
Key Highlights
- 1,624‑square‑foot main level with kitchen, living room, three bedrooms, bathroom, foyers, and laundry room
- Lower level includes a 28‑by‑13‑foot unfinished area plus three partially finished 13‑by‑12‑foot rooms
- Attached garage measures 28 feet deep by 26 feet wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,225
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,500
$364.5K
Cap Rate 7%
$260,357
$260.4K
Cap Rate 9%
$202,500
$202.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$3.2K −$1.80/SF
EGI
$29.2K $16.20/SF
− OpEx
−$10.9K −$6.07/SF
NOI
$18.2K $10.13/SF
Area
Marathon County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,500
Cap Rate 7%
$260,357
Cap Rate 9%
$202,500
Alternative Uses
Best Use
Mixed Use
$260.4K
$227.8K – $303.8K
NOI $18,225 @ 7.0% cap · market cap 4.05%
Second Best
Office B
$256.3K
$224.3K – $299.1K
NOI $17,943 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$332.6K
$291.0K – $388.0K
NOI $23,279 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable layout with multiple rooms, lower-level expansion space, and an attached garage for parking, storage, or workspace.
Where is this mixed-use property located?
The property is located at 226552 Hummingbird Rd Rib Mountain, WI.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 1,624‑square‑foot main level with kitchen, living room, three bedrooms, bathroom, foyers, and laundry room; Lower level includes a 28‑by‑13‑foot unfinished area plus three partially finished 13‑by‑12‑foot rooms; Attached garage measures 28 feet deep by 26 feet wide
