Building Details

Year Built 1900

Buildings 1

Stories 2

Units 2

Listing Agency: KPR Brokers LLC

Listed By: Mark Kitowski · License #59637-94 Show Phone

Source: Crexi

Added: Sep 9, 2025 Changed: Oct 25 Last Checked: Nov 1 at 5:42AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial building in the Village of Scandinavia offers a commercial investment opportunity. The turnkey building features over 2,000 sqft of finished space and a cash flow history. The lower level unit is occupied by a long-term commercial tenant, with a monthly rent of $600. The upstairs unit operates as an Airbnb. The upstairs unit has brought in $12,000 in gross rent in 2024 (per seller). The owner covers building sewer and all utilities for the upstairs unit.

Key Highlights

• Turnkey commercial building with established cash flow.
• Lower level unit occupied by a long‑term commercial tenant paying $600/month.
• Upstairs unit operating as a successful Airbnb.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,581

Cap Rate

7.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$271,620 $271.6K

Cap Rate 7%

$194,014 $194.0K

Cap Rate 9%

$150,900 $150.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$19.9K $9.96/SF

− Vacancy

−$518 −$0.26/SF

EGI

$19.4K $9.70/SF

− OpEx

−$5.8K −$2.91/SF

NOI

$13.6K $6.79/SF

Area

Waupaca County, WI

Vacancy

2.60%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$271,620

Cap Rate 7%

$194,014

Cap Rate 9%

$150,900

Alternative Uses

Best Use

Retail

$194.0K

$169.8K – $226.4K (±1% cap)

NOI $13,581 @ 7.0% cap · market cap 7.99%

Second Best

Apartment 5plus

$178.2K

$155.9K – $207.9K (±1% cap)

NOI $12,474 @ 7.0% cap · market cap 7.34%

Theoretical Best

Office A

$374.6K

$327.8K – $437.1K (±1% cap)

NOI $26,224 @ 7.0% cap · market cap 15.43%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Country Chic Boutique (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Garden Center Bakery (Bike/Boat/Book/etc) Store Hair Salon Nail Salon

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

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Explore this area Business Placement

Demographics for 54977, WI

1,360

Population

758

Households

1.8

Avg Household Size

50

Median Age

15%

College-Educated

96%

High-School Grad

38.2 sq mi

ZIP Area

36

Density / Sq Mi

$75,625

Median Household Income

$37,857

Median Earnings

$967

Median Rent

$242,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Commercial building with long-term tenant and successful Airbnb.

Where is this retail space located?

The property is located at 320 N Main Street Scandinavia, WI.

What is the asking price?

The asking price for this property is $169,900.

What are key features of this property?

This property features: Turnkey commercial building with established cash flow.; Lower level unit occupied by a long‑term commercial tenant paying $600/month.; Upstairs unit operating as a successful Airbnb.