Mixed-Use Building with Upper
For Sale
$164,900
Pending
409 3rd St S, La Crosse, WI 54601
Street-level retail or work space is paired with residential quarters and a private rear yard.
Property Size1,692 SF
Days on Market21
Property Features for 409 3rd St S
General Information
Standard status
Pending
Size
1,692 SF
Total Parking Spaces
4
Property subtype
Commercial
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
full basement
private yard
newer windows
central air
Building Details
Year Built
1880
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Dan Stacey · License #5620094
(608) 781-2232
Source:
Viewhomesinwisconsin
Added: Oct 3
Changed: Oct 21
Last Checked: Oct 21 at 2:16AM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This two-story mixed-use property combines commercial space at street level with an apartment above. The ground floor has a windowed reception and retail area, three additional rooms suited to retail, office, or workshop use, and a half bath. The upper residence includes a living room with oak flooring, a dine-in kitchen, two bedrooms, and a bathroom with a walk-in shower. Front and rear apartment entrances provide separate access.
A fenced, gated yard and rear parking for four vehicles accompany the building. A full basement provides storage. The property was built in 1880 and has newer windows. Its downtown La Crosse address places commercial and residential uses within one building.
A fenced, gated yard and rear parking for four vehicles accompany the building. A full basement provides storage. The property was built in 1880 and has newer windows. Its downtown La Crosse address places commercial and residential uses within one building.
Key Highlights
- Two‑story mixed‑use building, constructed in 1880
- Street‑level commercial space with reception area and three additional rooms
- Upper‑level apartment with 2 bedrooms and separate front and rear entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,177
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,540
$303.5K
Cap Rate 7%
$216,814
$216.8K
Cap Rate 9%
$168,633
$168.6K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$26.4K $15.60/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$24.3K $14.35/SF
− OpEx
−$9.1K −$5.38/SF
NOI
$15.2K $8.97/SF
Area
La Crosse County, WI
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,540
Cap Rate 7%
$216,814
Cap Rate 9%
$168,633
Alternative Uses
Best Use
Retail
$243.1K
$212.8K – $283.7K
NOI $17,020 @ 7.0% cap · market cap 10.32%
Second Best
Mixed Use
$216.8K
$189.7K – $253.0K
NOI $15,177 @ 7.0% cap · market cap 9.20%
Theoretical Best
Specialty Retail
$370.0K
$323.8K – $431.7K
NOI $25,903 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 22%
Hotels & Casinos 20%
Kwik Trip
Shops & Services
24,826 visits/mo
0.2 miles
Qdoba Mexican Grill
Dining
7,110 visits/mo
0.2 miles
Home2 Suites by Hilton La Crosse
Hotels & Casinos
6,354 visits/mo
0.1 miles
SUBWAY
Dining
4,352 visits/mo
0.2 miles
Courtyard La Crosse Downtown/Mississippi Riverfront
Hotels & Casinos
3,580 visits/mo
0.2 miles
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail or work space is paired with residential quarters and a private rear yard.
Where is this mixed-use property located?
The property is located at 409 3rd St S La Crosse, WI.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two‑story mixed‑use building, constructed in 1880; Street‑level commercial space with reception area and three additional rooms; Upper‑level apartment with 2 bedrooms and separate front and rear entrances
