405 N Lake Ave, Twin Lakes, WI 53181
COMMERCIAL - Twin Lakes, WI
- Added:
- Nov 16, 2025
- Days on Market:
- 231
- Last Refresh:
- Jul 5 at 8:06 am
Property Features for 405 N Lake Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-1
- Standard status
- Active
- APN
- 89-4-119-211-1300
- Size
- 6,200 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3258
Building Details
- Year built
- 1920
- Architectural style
- Other
Listing agent Michael Laiacono License #86323-94 (847) 344-1118
Listing office RE/MAX Plaza 101 Broad St. Suite #102, Lake Geneva, WI (262) 249-5900
Listing date Nov 16, 2025
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Downtown commercial property built in 1920
- Opportunity to operate 4 businesses with 3 currently occupied and 1 available to lease
- Current leased space income totals $4,500 per month
- One recently renovated space available for $1,500 per month
- Total current potential rent is $6,000 per month
Overview
Located at 405 N Lake Ave in Twin Lakes, Wisconsin 53181, the property is zoned B-1. It is offered for sale as a multi-tenant retail asset with an in-place operating mix and one unit ready for a new tenant.
For tenants and operators seeking a storefront location in a B-1 district, the availability of one recently renovated space offers an immediate leasing option within the existing business lineup. For buyers, the current occupancy of three units alongside one available unit provides a straightforward operating structure based on the lease figures provided in the listing.
Local Financial Insights For Specialty Retail
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 | $111.6k | $18.00 |
| − Vacancy | −$6.5k | −$1.04 |
| EGI | $105.1k | $16.96 |
| − OpEx | −$26.3k | −$4.24 |
| NOI | $78.8k | $12.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Twin Lakes
- County
- Kenosha
- State
- Wisconsin
- Longitude
- -88.247557
- Latitude
- 42.535063
