Ripon Commercial Property For
400 Blackburn Street Ripon, WI 54971
400 Blackburn Street, Ripon, WI, 54971
$600,000
For Sale
$600,000
Commercial property with service bays, showroom, and office space.
Property Size6,500 SF
Price / SF$92.31
Days on Market464
Property Features for 400 Blackburn Street
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Better Homes and Gardens Real Estate Special Properties
(920) 858-9786
Listed by
Jeffrey Shadick · License #50482-90
(920) 858-9786
Source
Exitrealty
Added: Apr 10, 2025 Checked: Jul 17 at 5:31 am
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 Better Homes and Gardens Real Estate Special Properties
Investment Insights
Based on property information with market context.
This commercial property is located on a prime corner lot in Ripon, offering high visibility and heavy traffic. The building encompasses nearly 6,500 square feet and includes six service bays, a showroom, and office space. The location is suitable for tire replacement, auto service, or other commercial ventures.
Key Highlights
- Prime corner lot location with high visibility and heavy traffic flow.
- Approximately 6,500 SF of space suitable for various commercial ventures.
- Includes 6 service bays, showroom, and office space.
Local Financial Insights For Industrial
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 | $58.5k | $9.00 |
| − Vacancy | −$4.0k | −$0.61 |
| EGI | $54.5k | $8.39 |
| − OpEx | −$16.4k | −$2.52 |
| NOI | $38.2k | $5.87 |
6,500 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$545.2K
$477.1K – $636.1K
NOI $38,165 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$418.5K
$366.2K – $488.2K
NOI $29,292 @ 7.0% cap · market cap 4.88%
Theoretical Best
Multifamily LT 5
$6.26M
$5.48M – $7.31M
NOI $438,438 @ 7.0% cap · market cap 73.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Superior Auto Body & Towing — 434 E Oshkosh St, Ripon, WI 54971
- J&S Diesel Reclaim — 636 E Oshkosh St, Ripon, WI 54971
- Auto Doctor — 634 E Oshkosh St, Ripon, WI 54971
- DIH Auto Repair — 412 E Fond du Lac St, Ripon, WI 54971
- Homan Chevrolet Service — 822 W Fond Du Lac St, Ripon, WI 54971
FAQs
What type of property is this?
Auto shop - Commercial property with service bays, showroom, and office space.
Where is this auto shop located?
The property is located at 400 Blackburn Street Ripon, WI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime corner lot location with high visibility and heavy traffic flow.; Approximately 6,500 SF of space suitable for various commercial ventures.; Includes **6 service bays, showroom, and office space.**
