Mixed-Use Building with
431 Broad St Unit 433, Lake Geneva, WI 53147
For Sale
$1,500,000
Two-level property combines commercial space with an upper-level apartment or executive office configuration.
Property Size3,800 SF
Price / SF$394.74
Days on Market49
Property Features for 431 Broad St Unit 433
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Compass Wisconsin-Lake Geneva
Listed By:
Shannon Blay · License #40822
(262) 215-8120
Source:
Jwregwi
Added: Sep 22
Changed: Oct 25
Last Checked: Oct 7 at 2:43PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,800-square-foot mixed-use property includes 2,400 square feet on the main level and 1,200 square feet upstairs. The commercial floor supports retail, office, or service use and includes a walk-in cooler, kitchen prep area, and 1-car garage. The upper level is configured as a fully furnished 3-bedroom apartment or executive office suites, with interior and exterior access, a full kitchen, bath, and living area. Built in 1969, the property also provides 11 on-site parking spaces.
The building occupies a 101-foot-wide position along Broad Street in Lake Geneva’s Central Business District, with approximately 7,200 vehicles passing daily according to WisDOT. The sale includes the real estate only; business inventory is excluded.
The building occupies a 101-foot-wide position along Broad Street in Lake Geneva’s Central Business District, with approximately 7,200 vehicles passing daily according to WisDOT. The sale includes the real estate only; business inventory is excluded.
Key Highlights
- 3,800 SF mixed‑use property with 2,400 SF main level and 1,200 SF upper level
- 101 ft. of Broad Street frontage in the Central Business District
- Approximately 7,200 vehicles passing daily, according to WisDOT
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
Retail
$453.1K
$396.5K – $528.6K
NOI $31,716 @ 7.0% cap · market cap 2.11%
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
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Kwik Trip
Shops & Services
27,270 visits/mo
0.3 miles
McDonald's
Dining
23,884 visits/mo
0.4 miles
Culver's
Dining
23,332 visits/mo
0.5 miles
Egg Harbor Cafe
Dining
9,379 visits/mo
0.2 miles
Starbucks
Dining
7,757 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines commercial space with an upper-level apartment or executive office configuration.
Where is this mixed-use property located?
The property is located at 431 Broad St Unit 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 SF mixed‑use property with 2,400 SF main level and 1,200 SF upper level; 101 ft. of Broad Street frontage in the Central Business District; Approximately 7,200 vehicles passing daily, according to WisDOT
