543-545 Main St, Belgium, WI 53004

Building Details

Tenancy Multi More

Listing Agency: Emmer Real Estate Group, Inc. e***@emmerrealestate.com Show Phone

Listed By: Jim Emmer Show Phone

Source: Exprealty

Added: Nov 2 Changed: Nov 7 Last Checked: Nov 6 at 2:36PM

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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 Emmer Real Estate Group, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,416-square-foot commercial building currently operates as a bank branch and includes a USPS lease. The bank branch tenant, PWSB, is scheduled to lease back the property through June 2027. The USPS lease includes extensions through 2037, and the postal tenant pays its prorated share of expenses.

The property is at 543-545 Main St in Belgium, Wisconsin, and is described as a commercial corner location.

Key Highlights

• 2,416‑square‑foot commercial building
• PWSB leaseback scheduled through June 2027
• USPS lease includes extensions through 2037

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,869

Cap Rate

6.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$737,380 $737.4K

Cap Rate 7%

$526,700 $526.7K

Cap Rate 9%

$409,656 $409.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,416 SF

Gross rent

$52.2K $21.60/SF

− Vacancy

−$3.0K −$1.25/SF

EGI

$49.2K $20.35/SF

− OpEx

−$12.3K −$5.09/SF

NOI

$36.9K $15.26/SF

Area

Ozaukee County, WI

Vacancy

5.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$737,380

Cap Rate 7%

$526,700

Cap Rate 9%

$409,656

Alternative Uses

Best Use

Specialty Retail

$526.7K

$460.9K – $614.5K (±1% cap)

NOI $36,869 @ 7.0% cap · market cap 6.30%

Second Best

Retail

$446.2K

$390.4K – $520.5K (±1% cap)

NOI $31,231 @ 7.0% cap · market cap 5.34%

Theoretical Best

Office A

$569.2K

$498.1K – $664.1K (±1% cap)

NOI $39,847 @ 7.0% cap · market cap 6.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Law Firm Dental Office Restaurant Parking Lot & Garage Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Explore this area Business Placement

Demographics for 53004, WI

3,469

Population

1,537

Households

2.3

Avg Household Size

42

Median Age

25%

College-Educated

98%

High-School Grad

33.6 sq mi

ZIP Area

103

Density / Sq Mi

$84,844

Median Household Income

$46,475

Median Earnings

$941

Median Rent

$244,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Bank - The existing bank branch is scheduled to lease back the premises through June 2027.

Where is this bank located?

The property is located at 543-545 Main St Belgium, WI.

What is the asking price?

The asking price for this property is $585,000.

What are key features of this property?

This property features: 2,416‑square‑foot commercial building; PWSB leaseback scheduled through June 2027; USPS lease includes extensions through 2037