Mixed-Use Building with
252 Center St, Lake Geneva, WI 53147
For Sale
$3,900,000
N, Lake Geneva, WI
Property Size9,600 SF
Lot Size0.25 Acres
Price / SF$406.25
Days on Market45
Property Features for 252 Center St
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
overhead door
Building Details
Year built
Architectural style
Listing Agency:
Geneva Lakefront Realty
Listed By:
David Curry
(262) 245-9000
Added: Sep 29
Changed: Sep 30
Last Checked: Nov 12 at 6:06AM
MLS# 1982680
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2022, this mixed-use property combines ground-floor storefront and warehouse areas with three two-bedroom apartments upstairs. The owner currently uses the apartments as SRT. An overhead door serves the main level, and private parking accommodates 18 cars. The building contains 9,600 square feet on a 0.25-acre parcel and is zoned Commercial.
The property is in downtown Lake Geneva, a couple hundred feet from Main Street. Its combination of residential units and commercial space is arranged within one building, with on-site parking.
The property is in downtown Lake Geneva, a couple hundred feet from Main Street. Its combination of residential units and commercial space is arranged within one building, with on-site parking.
Key Highlights
- 9,600‑square‑foot mixed‑use building on 0.25 acres
- Three two‑bedroom apartments on the second floor
- Main level includes storefront and warehouse space
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 - Commercial and residential space share a newer building near downtown Lake Geneva, with private parking and an overhead door.
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 building on 0.25 acres; Three two‑bedroom apartments on the second floor; Main level includes storefront and warehouse space
