Mixed-Use Property with
For Sale
$1,500,000
431 Broad St #433, Lake Geneva, WI 53147
Two-level commercial property combines a street-facing business space with an adaptable upper-level apartment or office configuration.
Property Size3,800 SF
Price / SF$394.74
Days on Market73
Property Features for 431 Broad St #433
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
11
Property subtype
Commercial
Zoning
Central Business District
Site & Location
Frontage
101 ft
Traffic Count
7,200 vehicles/day
Road Access
Yes
Additional Details
Furnished
Yes
Amenities
walk-in cooler
kitchen prep area
1-car garage
fully furnished 3-bedroom apartment
Building Details
Year Built
1969
Buildings
1
Stories
2
Listing Agency:
Compass Wisconsin-Lake Geneva
Listed By:
Shannon Blay · License #40822
(262) 215-8120
Source:
Milwaukeeforeverhome
Added: Aug 4
Changed: Oct 12
Last Checked: Oct 12 at 5:09PM
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 Compass Wisconsin-Lake Geneva
Investment Insights
Based on property information with market context.
Built in 1969, this 3,800-square-foot mixed-use property at 431 Broad St includes a 2,400-square-foot main level and a 1,200-square-foot upper level. The primary floor is configured for retail, office, or service use and includes a walk-in cooler, kitchen prep area, and 1-car garage. The upper floor is furnished as a 3-bedroom apartment or can function as executive office suites with separate interior and exterior access, a full kitchen, bath, and living area.
The property has 11 on-site parking spaces and 101 feet of Broad Street frontage within the Central Business District. WisDOT reports approximately 7,200 vehicles passing daily. The sale conveys the real estate only; business inventory is excluded.
The property has 11 on-site parking spaces and 101 feet of Broad Street frontage within the Central Business District. WisDOT reports approximately 7,200 vehicles passing daily. The sale conveys the real estate only; business inventory is excluded.
Key Highlights
- 3,800‑square‑foot mixed‑use property built in 1969
- 2,400‑square‑foot main level plus 1,200‑square‑foot upper level
- 101 ft. of Broad Street frontage in the Central Business District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,196
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,920
$943.9K
Cap Rate 7%
$674,229
$674.2K
Cap Rate 9%
$524,400
$524.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$82.1K $21.60/SF
− Vacancy
−$6.6K −$1.73/SF
EGI
$75.5K $19.87/SF
− OpEx
−$28.3K −$7.45/SF
NOI
$47.2K $12.42/SF
Area
Walworth County, WI
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,920
Cap Rate 7%
$674,229
Cap Rate 9%
$524,400
Alternative Uses
Best Use
Mixed Use
$674.2K
$590.0K – $786.6K
NOI $47,196 @ 7.0% cap · market cap 3.15%
Second Best
Office B
$476.4K
$416.8K – $555.8K
NOI $33,345 @ 7.0% cap · market cap 2.22%
Theoretical Best
Specialty Retail
$733.3K
$641.7K – $855.6K
NOI $51,334 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
7,200 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 53147, WI
17,859
Population
11,455
Households
1.6
Avg Household Size
47
Median Age
40%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
256
Density / Sq Mi
$83,018
Median Household Income
$45,399
Median Earnings
$1,277
Median Rent
$337,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property combines a street-facing business space with an adaptable upper-level apartment or office configuration.
Where is this mixed-use property located?
The property is located at 431 Broad St #433 Lake Geneva, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,800‑square‑foot mixed‑use property built in 1969; 2,400‑square‑foot main level plus 1,200‑square‑foot upper level; 101 ft. of Broad Street frontage in the Central Business District
