Mixed-Use Building with
New
For Sale
$160,000
308 Maple Street S, Turtle Lake, WI 54889
Residential Income, Turtle Lake, WI
Property Size2,736 SF
Lot Size0.16 Acres
Price / SF$58.48
Days on Market5
Property Features for 308 Maple Street S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family, Residential-Single Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Basement
Parking features
On Street, Garage - Detached
Subdivision
Turtle Lake
Lot features
Zero Lot Line
High school district
Turtle Lake
Directions
Hwy 8 to Turtle Lake, to Maple Street, North to Property.
Standard status
Active
APN
186109011000
Size
2,736 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1622
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1920
Building materials
Block, Brick
Roof type
Metal
Listing Agency:
WESTconsin Realty LLC
(715) 386-1700
Listed By:
Judy A Nichols · License #4515594
(715) 821-4765
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 6 at 10:06PM
MLS# 7154114
Copyright © 2026 Northstar MLS. 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.
Built in 1920, this 2,736-square-foot mixed-use building has block and brick construction, a metal roof, and hot water heat. The upper floor contains a leased three-bedroom apartment. Two distinct spaces occupy the main floor, providing separate areas within the building. A basement is also included.
The property sits on a 0.16-acre lot and has a detached garage, along with on-street parking. Its current zoning is residential.
The property sits on a 0.16-acre lot and has a detached garage, along with on-street parking. Its current zoning is residential.
Key Highlights
- Leased three‑bedroom apartment on the upper floor
- Two separate spaces on the main floor
- 2,736‑square‑foot building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,382
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,640
$227.6K
Cap Rate 7%
$162,600
$162.6K
Cap Rate 9%
$126,467
$126.5K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$21.7K $7.92/SF
− Vacancy
−$975 −$0.36/SF
EGI
$20.7K $7.56/SF
− OpEx
−$9.3K −$3.40/SF
NOI
$11.4K $4.16/SF
Area
Barron County, WI
Vacancy
4.50%
Lease Rate
$7.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,640
Cap Rate 7%
$162,600
Cap Rate 9%
$126,467
Alternative Uses
Best Use
Mixed Use
$539.4K
$472.0K – $629.3K
NOI $37,757 @ 7.0% cap · market cap 23.60%
Second Best
Apartment 5plus
$162.6K
$142.3K – $189.7K
NOI $11,382 @ 7.0% cap · market cap 7.11%
Theoretical Best
Warehouse
$2.20M
$1.92M – $2.56M
NOI $153,881 @ 7.0% cap · market cap 96.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 54889, WI
2,800
Population
1,812
Households
1.5
Avg Household Size
48
Median Age
23%
College-Educated
94%
High-School Grad
73.5 sq mi
ZIP Area
38
Density / Sq Mi
$71,951
Median Household Income
$41,973
Median Earnings
$872
Median Rent
$230,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased three-bedroom residence occupies the upper level above two separate ground-floor spaces.
Where is this mixed-use property located?
The property is located at 308 Maple Street S Turtle Lake, WI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Leased three‑bedroom apartment on the upper floor; Two separate spaces on the main floor; 2,736‑square‑foot building constructed in 1920
