Self-Storage
For Sale
Contact for pricing
2940 Wisconsin Street, Sturtevant, WI 53177
Located on Wisconsin Street in Sturtevant with Mixed-Use Commercial zoning.
Property Size8,526 SF
Price / SF$93.83
Days on Market129
Property Features for 2940 Wisconsin Street
General Information
Standard status
Active
Size
8,526 SF
Property subtype
Industrial, Self Storage
Zoning
Mixed-Use Commercial
Investment Type
Owner/User
Building Details
Year Built
1940
Buildings
3
Units
12
Tenancy
Multi
Listing Agency:
Newmark - Milwaukee
Listed By:
Adam Matson · License #WI 52857
(262) 613-6096
Source:
Crexi
Added: Jun 10
Changed: Oct 15
Last Checked: Oct 16 at 8:52AM
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 Newmark - Milwaukee
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Investment Insights
Based on property information with market context.
The property is identified as a self-storage facility with a 1940 construction date. It is situated at 2940 Wisconsin Street in Sturtevant, Wisconsin, and carries Mixed-Use Commercial zoning.
Key Highlights
- Self‑storage facility classification
- Mixed‑Use Commercial zoning
- 1940 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,309
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,180
$1.0M
Cap Rate 7%
$718,700
$718.7K
Cap Rate 9%
$558,989
$559.0K
Market Conditions
NOI Build-Up for 8,526 SF
Gross rent
$66.5K $7.80/SF
− Vacancy
−$7.3K −$0.86/SF
EGI
$59.2K $6.94/SF
− OpEx
−$8.9K −$1.04/SF
NOI
$50.3K $5.90/SF
Area
Racine County, WI
Vacancy
11.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,180
Cap Rate 7%
$718,700
Cap Rate 9%
$558,989
Alternative Uses
Best Use
Self Storage
$1.18M
$1.04M – $1.38M
NOI $82,809 @ 7.0% cap · market cap 10.35%
Second Best
Warehouse
$718.7K
$628.9K – $838.5K
NOI $50,309 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,523 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 53177, WI
8,482
Population
2,566
Households
3.3
Avg Household Size
40
Median Age
24%
College-Educated
90%
High-School Grad
27.6 sq mi
ZIP Area
307
Density / Sq Mi
$77,409
Median Household Income
$46,314
Median Earnings
$1,295
Median Rent
$228,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Located on Wisconsin Street in Sturtevant with Mixed-Use Commercial zoning.
Where is this self storage facility located?
The property is located at 2940 Wisconsin Street Sturtevant, WI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Self‑storage facility classification; Mixed‑Use Commercial zoning; 1940 year built
