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Mixed-Use Property with Apartment
For Sale
$149,900

432 W Water Street, Princeton, WI 54968

COMMERCIAL - Princeton, WI

Property Size2,001 SF
Lot Size0.10 Acres
Price / SF$74.91
Days on Market41

Property Features for 432 W Water Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Interior features Alley, Public rest rooms, Residential unit(s), Less than 440 volt, Display window, Private office(s)
Lot features Business district, Free standing
Directions West on Water Street to address.
Subdivision PRINCETON - C
Standard status Active
APN 271-00044-0000
Size 2,001 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1650

Building Details

Year built 1886
Number of units 2
Listing Agency: Real Broker LLC
Listed By: Carol Skivington · License #9214394
Added: Jul 1 Changed: Aug 10 Last Checked: Aug 10 at 5:06PM
MLS# 2008821

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1886, this 2,001-square-foot mixed-use property places commercial and residential space within the same building. The street-level area includes an open retail floor, display window, public restroom, private office, and utility room. The upper level contains an updated two-story apartment with two bedrooms, two full baths, living room, dining area, and kitchen. A one-car attached garage serves the residence, with additional private rear parking and access.

The property occupies 0.1 acres in Princeton and is positioned beside the public library and a city parking lot, with a fitness center across the street. The furnace was serviced in January 2025, and 66 bags of insulation were added. Commercial zoning and the existing residential unit support a combination of storefront and living space.

Key Highlights

  • 2,001‑square‑foot mixed‑use building on 0.1 acres
  • Street‑level retail area with display window, office, utility room, and public restroom
  • Upper‑level apartment with 2 bedrooms and 2 full baths

Property Analytics

Current Use

Candi's Corner Home Decor Store Water Street Market (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Plumbing Service Nail Salon Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

226
Businesses Nearby

Demographics for 54968, WI

2,963
Population
1,661
Households
1.8
Avg Household Size
52
Median Age
18%
College-Educated
93%
High-School Grad
61.4 sq mi
ZIP Area
48
Density / Sq Mi
$65,650
Median Household Income
$40,625
Median Earnings
$770
Median Rent
$180,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned building combines an open storefront with an upstairs residential unit.
Where is this mixed-use property located?
The property is located at 432 W Water Street Princeton, WI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 2,001‑square‑foot mixed‑use building on 0.1 acres; Street‑level retail area with display window, office, utility room, and public restroom; Upper‑level apartment with 2 bedrooms and 2 full baths
More about this property
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