Live-Work Building with Display
26 E Main Street Evansville, WI 53536
New
For Sale
$319,000
COMMERCIAL - Evansville, WI
Property Size2,714 SF
Lot Size0.09 Acres
Price / SF$117.54
Days on Market2
Property Features for 26 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Parking features
Offsite
Interior features
Alley
Standard status
Active
APN
222 001002
Size
2,714 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2661
Building Details
Year built
1880
Number of units
3
Roof type
Composition
Listing Agency:
Century 21 Affiliated
(608) 882-5216
Listed By:
Chris Helgesen · License #45162-90
(608) 692-6542
Added: Jul 29
Last Checked: Jul 30 at 12:06AM
MLS# 2009385
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work building offers approximately 2,714 square feet across two levels, currently arranged for residential use. The first floor includes large display windows, maple flooring, an office, laundry, a half bath, a small bedroom, and a kitchen, with an exit to a two-car garage. The second floor features a spacious living room and kitchen, a laundry area, and an apartment with two to three bedrooms.
The property has been owned by the seller for about 20 years and has previously been used as beauty salons, retail shops, a craft store, and an antique store. Several windows have been replaced, a new roof was installed in August 2025, and the east-side exterior was updated with new vinyl siding in September 2025. Interior updates and additional TLC may be needed, and utilities are not separated. The zoning is B-2.
Buyers should note that room sizes and measurements are approximate and should be verified. A 48-hour notice is required to show the property.
The property has been owned by the seller for about 20 years and has previously been used as beauty salons, retail shops, a craft store, and an antique store. Several windows have been replaced, a new roof was installed in August 2025, and the east-side exterior was updated with new vinyl siding in September 2025. Interior updates and additional TLC may be needed, and utilities are not separated. The zoning is B-2.
Buyers should note that room sizes and measurements are approximate and should be verified. A 48-hour notice is required to show the property.
Key Highlights
- Over 2,700 sq. ft. building in Downtown Evansville, currently used as residential for 2 family members
- 1st floor features large display windows, maple flooring, office, laundry, 1/2 bath, small bedroom, and kitchen; includes exit to 2‑car garage
- 2nd floor includes 2–3 bedrooms with a separate apartment layout with spacious living room, kitchen, and laundry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $13.80 |
| − Vacancy | −$1.7k | −$0.62 |
| EGI | $35.8k | $13.18 |
| − OpEx | −$10.7k | −$3.95 |
| NOI | $25.0k | $9.23 |
2,714 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$510.0K
$446.2K – $595.0K
NOI $35,699 @ 7.0% cap · market cap 11.19%
Second Best
Multifamily LT 5
$357.7K
$313.0K – $417.3K
NOI $25,037 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$652.2K
$570.7K – $760.9K
NOI $45,654 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Two-level live-work building with large display windows and an apartment above, zoned B-2.
Where is this live-work space located?
The property is located at 26 E Main Street Evansville, WI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Over 2,700 sq. ft. building in Downtown Evansville, currently used as residential for 2 family members; 1st floor features large display windows, maple flooring, office, laundry, 1/2 bath, small bedroom, and kitchen; includes exit to 2‑car garage; 2nd floor includes 2–3 bedrooms with a separate apartment layout with spacious living room, kitchen, and laundry
