Mixed-Use Building with
New
For Sale
Contact for pricing
550 E Grand, Beloit, WI 53511
Two-unit property combines a retail storefront, apartment living areas, and additional finished basement rooms.
Property Size2,143 SF
Price / SF$116.19
Days on Market6
Property Features for 550 E Grand
General Information
Standard status
Active
Size
2,143 SF
Property subtype
Retail, Office, Multifamily
Additional Details
Floor
Ground
Building Details
Year Built
1920
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
EXIT Realty HGM
Listed By:
Chris Heeren · License #84695-94
Source:
Crexi
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 8:00AM
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 EXIT Realty HGM
Investment Insights
Based on property information with market context.
Built in 1920, this two-unit mixed-use property combines commercial and residential space within a multi-level layout. The street-facing unit includes two first-floor rooms and a bathroom, along with an attached one-bedroom apartment on the second level. A separate rear unit provides another one-bedroom apartment and access to a finished basement with several additional rooms.
The property is located at 550 E Grand in downtown Beloit, with the storefront oriented toward East Grand Avenue. Its existing arrangement supports both retail and residential occupancy within the same building, while the basement and upper-level areas add functional space beyond the main storefront.
The property is located at 550 E Grand in downtown Beloit, with the storefront oriented toward East Grand Avenue. Its existing arrangement supports both retail and residential occupancy within the same building, while the basement and upper-level areas add functional space beyond the main storefront.
Key Highlights
- Two‑unit mixed‑use building constructed in 1920
- Street‑facing retail storefront on East Grand Avenue
- First‑floor commercial unit includes 2 rooms and a bathroom
Financial Insights For Multifamily LT 5
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 | $29.6k | $13.80 |
| − Vacancy | −$1.3k | −$0.62 |
| EGI | $28.2k | $13.18 |
| − OpEx | −$8.5k | −$3.95 |
| NOI | $19.8k | $9.23 |
2,143 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$369.5K
$323.4K – $431.1K
NOI $25,868 @ 7.0% cap · market cap 10.39%
Second Best
Multifamily LT 5
$282.4K
$247.1K – $329.5K
NOI $19,770 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$515.0K
$450.6K – $600.8K
NOI $36,049 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-unit property combines a retail storefront, apartment living areas, and additional finished basement rooms.
Where is this mixed-use property located?
The property is located at 550 E Grand Beloit, WI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit mixed‑use building constructed in 1920; Street‑facing retail storefront on East Grand Avenue; First‑floor commercial unit includes 2 rooms and a bathroom
