Mixed-Use Property with
New
For Sale
$212,900
475 S MAIN Street, Fond du Lac, WI 54935
Commercial Sale, FOND DU LAC, WI
Property Size1,401 SF
Lot Size0.08 Acres
Price / SF$151.96
Days on Market3
Property Features for 475 S MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Parking
2
Basement
Full
Elementary school district
Fond du Lac
Middle school district
Fond du Lac
High school district
Fond du Lac
Directions
South on Main Street to Address on Corner of South Main Street x East 12th Street.
Standard status
Active
APN
FDL-15-17-15-43-502-00
Lot size
0.08 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2300
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Building materials
Vinyl Siding
Listing Agency:
Adashun Jones, Inc.
(920) 923-4433
Listed By:
Kevin J. Jones
(920) 251-6748
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 8:06AM
MLS# 50334780
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,401-square-foot mixed-use property includes 834 square feet of commercial space and an upper residence with two bedrooms and one bathroom. The commercial area has an open lobby, wash stations, a breakroom and a half bath. The residence features refinished hardwood floors, an updated kitchen and bath, and fresh paint. A newer roof, vinyl siding, furnace, water heater and HVAC system are among the property’s improvements.
The building also includes an attached two-car garage, additional parking, a full basement and a walk-up attic. An illuminated business sign is installed on the property. The site covers 0.08 acres and is zoned C-2.
The building also includes an attached two-car garage, additional parking, a full basement and a walk-up attic. An illuminated business sign is installed on the property. The site covers 0.08 acres and is zoned C-2.
Key Highlights
- 1,401‑square‑foot mixed‑use property with 834 square feet of commercial space
- Upper residence with 2 bedrooms and 1 bathroom
- Commercial area includes lobby, wash stations, breakroom and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,634
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,680
$212.7K
Cap Rate 7%
$151,914
$151.9K
Cap Rate 9%
$118,156
$118.2K
Market Conditions
NOI Build-Up for 1,401 SF
Gross rent
$18.5K $13.20/SF
− Vacancy
−$1.5K −$1.06/SF
EGI
$17.0K $12.14/SF
− OpEx
−$6.4K −$4.55/SF
NOI
$10.6K $7.59/SF
Area
Fond du Lac County, WI
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,680
Cap Rate 7%
$151,914
Cap Rate 9%
$118,156
Alternative Uses
Best Use
Mixed Use
$151.9K
$132.9K – $177.2K
NOI $10,634 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$90.2K
$78.9K – $105.2K
NOI $6,314 @ 7.0% cap · market cap 2.97%
Theoretical Best
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,500 @ 7.0% cap · market cap 44.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
19,000 visits/mo
0.1 miles
BP
Shops & Services
2,397 visits/mo
0.1 miles
Citgo
Shops & Services
1,370 visits/mo
0.4 miles
Demographics for 54935, WI
42,513
Population
19,115
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
91%
High-School Grad
15.6 sq mi
ZIP Area
2,725
Density / Sq Mi
$63,060
Median Household Income
$41,338
Median Earnings
$880
Median Rent
$166,400
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 - C-2 zoning accompanies a commercial suite and an updated two-bedroom residence on the upper floor.
Where is this mixed-use property located?
The property is located at 475 S MAIN Street Fond du Lac, WI.
What is the asking price?
The asking price for this property is $212,900.
What are key features of this property?
This property features: 1,401‑square‑foot mixed‑use property with 834 square feet of commercial space; Upper residence with 2 bedrooms and 1 bathroom; Commercial area includes lobby, wash stations, breakroom and half bath
