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    Appleton Mixed-Use Commercial Property Title is generated by Realmo AI

    501 S Douglas St, Appleton, WI 54914

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    Two-story building with retail and residential units in Appleton.

    Type:Mixed Use
    Property size:
    2,000 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $164/SF
    Added:
    Feb 4, 2026
    Days on Market:
    143
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 501 S Douglas St

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    0.23 Acres
    Property subtype
    Mixed Use

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    Tim Ceman
    Tim Ceman

    Listing office Drifka Group

    Listing date Feb 4, 2026

    Source Crexi

    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 Drifka Group

    HighLights

    • Prime Appleton location with high visibility and flexible use potential.
    • Mixed‑use property offering both commercial and residential income streams.
    • 2‑bedroom apartment provides immediate supplemental income or owner‑occupancy option.
    • Abundant on‑site parking.
    • Handicap‑accessible commercial layout on the main level.
    • Separate gas and electric meters for each unit; in‑unit washer and dryer.

    Overview

    This mixed-use commercial property is located in Appleton. The two-story building has a total area of 2,000 square feet and sits on approximately 0.23 acres, featuring on-site parking. The main level is currently operated as a hair salon and offers a handicap-accessible commercial layout with visibility and flexible future use potential. The second floor consists of a 2-bedroom apartment, providing supplemental income or the option for owner occupancy. Both units include in-unit washer and dryer, with gas and electric separately metered; water is paid by the landlord. Capital improvements include furnaces replaced in 2018 (main floor) and 2026 (upper apartment). The property has historically been well maintained and lends itself well to a variety of retail, service, or professional uses while maintaining residential income upstairs. This property presents an opportunity for an owner-user looking to offset occupancy costs or an investor seeking a manageable mixed-use asset in Appleton.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $37.9k $18.96
    − Vacancy −$986 −$0.49
    EGI $36.9k $18.47
    − OpEx −$11.1k −$5.54
    NOI $25.9k $12.93
    2,000 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $369.3K
    $323.2K – $430.9K (±1% cap)
    NOI $25,854 @ 7.0% cap · market cap 7.86%
    Second Best
    Mixed Use
    $289.3K
    $253.1K – $337.5K (±1% cap)
    NOI $20,250 @ 7.0% cap · market cap 6.16%
    Theoretical Best
    Office A
    $551.4K
    $482.5K – $643.3K (±1% cap)
    NOI $38,600 @ 7.0% cap · market cap 11.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grace's Salon De ... Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4310973
    Latitude
    44.258047

    FAQs

    What type of property is this?
    Mixed-use property - Two-story building with retail and residential units in Appleton.
    Where is this mixed-use property located?
    The property is located at 501 S Douglas St Appleton, WI.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Prime Appleton location with high visibility and flexible use potential.; Mixed‑use property offering both commercial and residential income streams.; **2‑bedroom apartment provides immediate supplemental income or owner‑occupancy option.**
    (920) 659-0052 Call to check price and availability
    More about this property
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