Mixed-Use Building with Salon
531 W Grand Ave Port Washington, WI 53074
531 W Grand Ave, Port Washington, WI, 53074
$598,000
For Sale
$598,000
Updated upper apartment and a turnkey main-level salon retail space, supported by 13 parking spaces.
Property Size3,531 SF
Price / SF$169.36
Days on Market65
Property Features for 531 W Grand Ave
General Information
- Standard status
- Active
- Size
- 3,531 SF
Listing agency
Coldwell Banker Realty
(262) 853-2468
Listed by
Jason Weimer
(262) 853-2468
Source
Exprealty
Added: May 19 Updated: Jul 22 at 1:42PM Checked: Jul 22 at 1:42PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines an updated upper apartment with a spacious, turnkey main-level commercial space that was previously operated as a salon. The building also features tall ceilings and stately woodwork, adding distinctive character throughout the commercial area. The residential and commercial components provide a single-ownership configuration designed to support multiple income streams.
Located at 531 W Grand Ave in downtown Port Washington, the property includes 13 parking spaces, supporting practical customer and tenant access for day-to-day operations.
Located at 531 W Grand Ave in downtown Port Washington, the property includes 13 parking spaces, supporting practical customer and tenant access for day-to-day operations.
Key Highlights
- Mixed‑use building in downtown Port Washington with an updated upper apartment and a main‑level commercial space
- Main‑level commercial space previously operated as a salon
- Includes a total of 13 parking spaces for customer accessibility
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 | $66.9k | $18.96 |
| − Vacancy | −$1.7k | −$0.49 |
| EGI | $65.2k | $18.47 |
| − OpEx | −$19.6k | −$5.54 |
| NOI | $45.6k | $12.93 |
3,531 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$652.1K
$570.6K – $760.8K
NOI $45,645 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$501.8K
$439.1K – $585.4K
NOI $35,125 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$831.9K
$728.0K – $970.6K
NOI $58,236 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bella Lei Salon ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Updated upper apartment and a turnkey main-level salon retail space, supported by 13 parking spaces.
Where is this mixed-use property located?
The property is located at 531 W Grand Ave Port Washington, WI.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Mixed‑use building in downtown Port Washington with an updated upper apartment and a main‑level commercial space; Main‑level commercial space previously operated as a salon; Includes a total of 13 parking spaces for customer accessibility
