Mixed-Use Building with
For Sale
$3,900,000
252 Center St, Lake Geneva, WI 53147
Three upstairs apartments sit above ground-floor retail and warehouse space.
Property Size9,600 SF
Price / SF$406.25
Days on Market28
Property Features for 252 Center St
General Information
Standard status
Active
Size
9,600 SF
Total Parking Spaces
18
Property subtype
Commercial
Zoning
Commercial
Additional Details
Mixed-Use Components
retail, warehouse, residential
Taxes and HOA fees
Annual Taxes
$15,600
Building Details
Building Size
9,600 SF
Year Built
2022
Buildings
1
Stories
2
Listing Agency:
Geneva Lakefront Realty
Listed By:
David Curry
(262) 245-9000
Source:
Defererealestate
Added: Sep 29
Changed: Oct 24
Last Checked: Oct 24 at 3:22PM
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 Geneva Lakefront Realty
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Investment Insights
Based on property information with market context.
Completed in 2022, this 9,600-square-foot mixed-use property combines ground-floor storefront and warehouse space with three two-bedroom apartments on the second floor. The owner currently operates the apartments as short-term rentals. An overhead door supports access to the warehouse area, and private parking accommodates 18 vehicles. The property is zoned Commercial.
The building is at 252 Center St in downtown Lake Geneva, approximately a couple hundred feet from Main Street.
The building is at 252 Center St in downtown Lake Geneva, approximately a couple hundred feet from Main Street.
Key Highlights
- 9,600‑square‑foot mixed‑use property built in 2022
- Three two‑bedroom apartments on the second floor; currently used as short‑term rentals by the owner
- Ground‑floor storefront and warehouse space with an overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,232
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,384,640
$2.4M
Cap Rate 7%
$1,703,314
$1.7M
Cap Rate 9%
$1,324,800
$1.3M
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$207.4K $21.60/SF
− Vacancy
−$16.6K −$1.73/SF
EGI
$190.8K $19.87/SF
− OpEx
−$71.5K −$7.45/SF
NOI
$119.2K $12.42/SF
Area
Walworth County, WI
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,384,640
Cap Rate 7%
$1,703,314
Cap Rate 9%
$1,324,800
Alternative Uses
Best Use
Mixed Use
$1.70M
$1.49M – $1.99M
NOI $119,232 @ 7.0% cap · market cap 3.06%
Second Best
Warehouse
$1.39M
$1.22M – $1.62M
NOI $97,332 @ 7.0% cap · market cap 2.50%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,686 @ 7.0% cap · market cap 3.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
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Business Placement
Demographics for 53147, WI
17,859
Population
11,455
Households
1.6
Avg Household Size
47
Median Age
40%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
256
Density / Sq Mi
$83,018
Median Household Income
$45,399
Median Earnings
$1,277
Median Rent
$337,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three upstairs apartments sit above ground-floor retail and warehouse space.
Where is this mixed-use property located?
The property is located at 252 Center St Lake Geneva, WI.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 9,600‑square‑foot mixed‑use property built in 2022; Three two‑bedroom apartments on the second floor; currently used as short‑term rentals by the owner; Ground‑floor storefront and warehouse space with an overhead door
