Mixed-Use Building with
For Sale
$1,500,000
431 Broad St, Lake Geneva, WI 53147
Central Business District property offers retail, office, service, and upper-level residential or office-suite configuration.
Property Size3,800 SF
Price / SF$394.74
Days on Market80
Property Features for 431 Broad St
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Building Details
Year Built
1969
Listing Agency:
Compass Wisconsin-Lake Geneva
Listed By:
Shannon Blay · License #40822
(262) 215-8120
Source:
Homesinwisconsin
Added: Jul 20
Changed: Oct 1
Last Checked: Oct 5 at 7:03PM
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.
This 3,800-square-foot mixed-use property includes 2,400 square feet on the main level and 1,200 square feet upstairs. The ground floor is configured for retail, office, or service use and includes a walk-in cooler, kitchen preparation area, and one-car garage. The upper floor contains a furnished three-bedroom apartment or executive office suites, with separate interior and exterior access, a full kitchen, bathroom, and living area. The sale includes the real estate only; business inventory is excluded.
The property fronts Broad Street for 101 linear feet within the Central Business District. Approximately 7,200 vehicles pass the site daily, and the property provides 11 on-site parking spaces. The combination of commercial space, upper-level accommodations, dedicated parking, and street exposure supports multiple mixed-use configurations.
The property fronts Broad Street for 101 linear feet within the Central Business District. Approximately 7,200 vehicles pass the site daily, and the property provides 11 on-site parking spaces. The combination of commercial space, upper-level accommodations, dedicated parking, and street exposure supports multiple mixed-use configurations.
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 pass 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
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.
Property Analytics
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Current Use
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 - Central Business District property offers retail, office, service, and upper-level residential or office-suite configuration.
Where is this mixed-use property located?
The property is located at 431 Broad St 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 pass daily, according to WisDOT
