501 S Douglas St, Appleton, WI 54914

Building Details

Units 2 More

Listing Agency: Drifka Group

Listed By: Tim Ceman · License WI 111378-94 Show Phone

Source: Crexi

Added: Feb 4 Changed: Nov 10 Last Checked: Nov 10 at 6:32AM

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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

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Investment Insights

Based on property information with market context.

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.

Key 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.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,250

Cap Rate

6.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$405,000 $405.0K

Cap Rate 7%

$289,286 $289.3K

Cap Rate 9%

$225,000 $225.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$36.0K $18.00/SF

− Vacancy

−$3.6K −$1.80/SF

EGI

$32.4K $16.20/SF

− OpEx

−$12.2K −$6.07/SF

NOI

$20.3K $10.13/SF

Area

Outagamie County, WI

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$405,000

Cap Rate 7%

$289,286

Cap Rate 9%

$225,000

Alternative Uses

Best Use

Mixed Use

$289.3K

$253.1K – $337.5K (±1% cap)

NOI $20,250 @ 7.0% cap · market cap 6.16%

Second Best

—

—

no second resolved use

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 authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grace's Salon De ... Hair Salon

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Electrical Service Skin Care Clinic Parking Lot & Garage Pharmacy

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

482

Businesses Nearby

Explore this area Business Placement

Demographics for 54914, WI

31,082

Population

14,002

Households

2.2

Avg Household Size

38

Median Age

31%

College-Educated

93%

High-School Grad

19.2 sq mi

ZIP Area

1,619

Density / Sq Mi

$77,199

Median Household Income

$42,481

Median Earnings

$936

Median Rent

$210,200

Median Home Value

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Frequently Asked Questions

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.**