Building Details

Year built 1910

Architectural style Other

Listing Agency: Boss Realty, LLC Show Phone

Listed By: Thomas Zernia · License #5745190 Show Phone

Added: Jul 17 Changed: Oct 12 Last Checked: Oct 16 at 10:06PM

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MLS# 1972217

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Investment Insights

Based on property information with market context.

This 5,800-square-foot retail property contains four distinct commercial spaces within a building constructed in 1910. The configuration can accommodate separate occupants, with the real estate offered for sale rather than an operating business. Commercial zoning supports the property’s established retail-oriented use.

The property is located in Downtown West Bend at 319 S Main St, with approximately 200 feet of river frontage. Parking is provided through an on-site lot and an additional lot directly across the street. The associated lots comprise approximately 0.79 acres in total.

Key Highlights

• 5,800‑square‑foot retail building with four separate commercial spaces
• Approximately 200 ft of river frontage
• On‑site parking lot plus an additional lot directly across the street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,449

Cap Rate

5.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,980 $1.4M

Cap Rate 7%

$1,006,414 $1.0M

Cap Rate 9%

$782,767 $782.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,800 SF

Gross rent

$104.4K $18.00/SF

− Vacancy

−$3.8K −$0.65/SF

EGI

$100.6K $17.35/SF

− OpEx

−$30.2K −$5.21/SF

NOI

$70.4K $12.15/SF

Area

Washington County, WI

Vacancy

3.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,980

Cap Rate 7%

$1,006,414

Cap Rate 9%

$782,767

Alternative Uses

Best Use

Retail

$1.01M

$880.6K – $1.17M (±1% cap)

NOI $70,449 @ 7.0% cap · market cap 5.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.59M

$1.40M – $1.86M (±1% cap)

NOI $111,615 @ 7.0% cap · market cap 8.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Bits 'n' Pieces ... (Bike/Boat/Book/etc) Store Bits N Pieces ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Bakery Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

880

Businesses Nearby

2k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 100%

TownePlace Suites by Marriott Hotels & Casinos

1,894 visits/mo 0.2 miles

Demographics for 53095, WI

27,269

Population

12,741

Households

2.1

Avg Household Size

45

Median Age

32%

College-Educated

96%

High-School Grad

70.4 sq mi

ZIP Area

387

Density / Sq Mi

$82,219

Median Household Income

$49,779

Median Earnings

$1,015

Median Rent

$286,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercially zoned property with river frontage and parking on both sides of the street.

Where is this storefront property located?

The property is located at 319 S Main St West Bend, WI.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: 5,800‑square‑foot retail building with four separate commercial spaces; Approximately 200 ft of river frontage; On‑site parking lot plus an additional lot directly across the street