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Downtown Menasha Commercial Redevelopment Opportunity

58-60 Racine St Menasha, WI 54952

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For Sale
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Prime location with flexible zoning and strong visibility.

Type:OFFICE
Property size:
1,496 SF
Price / SF:
$133/SF
Added:
May 4, 2026
Days on Market:
69
Last Refresh:
May 8 at 3:30 am

Property Features for 58-60 Racine St

General Information

Standard status
Active
Size
1,496 SF
Property subtype
OFFICE

Listing office NAI Pfefferle

Listing date May 4, 2026

Source Moodyscre

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 NAI Pfefferle


Investment Insights

Based on property information with market context.

Located in downtown Menasha, this property offers walkable access to shops, restaurants, and the riverfront. The flexible zoning supports a variety of commercial or mixed-use redevelopment concepts. It features strong visibility and frontage along Racine Street. The two-parcel configuration allows for creative site planning or phased development. The existing structure is suitable for office, service retail, or boutique conversion. Neighboring retailers include Club Tavern, Club Liquor, The Spot on Main, The Sweet Lair, WeatherVane Restaurant, and Rusted Roost. The property size is 1496 square feet.

Key Highlights

  • Prime downtown Menasha location with walkable access to amenities.
  • Flexible zoning supports commercial or mixed‑use redevelopment.
  • Strong visibility and frontage along Racine Street.

Local Financial Insights For Office B

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 $26.9k $18.00
− Vacancy −$4.3k −$2.88
EGI $22.6k $15.12
− OpEx −$5.7k −$3.78
NOI $17.0k $11.34
1,496 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$242.4K
$212.1K – $282.8K (±1% cap)
NOI $16,965 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.9K
$282.5K – $376.7K (±1% cap)
NOI $22,602 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Kitchen & Bath Showroom Daycare Center HVAC Service Parking Lot & Garage Dental Office Big Box & Wholesale Store Bakery Gym & Fitness Center Electrical Service

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

FAQs

What type of property is this?
Office units - Prime location with flexible zoning and strong visibility.
Where is this office units located?
The property is located at 58-60 Racine St Menasha, WI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Prime downtown Menasha location with walkable access to amenities.; Flexible zoning supports commercial or mixed‑use redevelopment.; Strong visibility and frontage along Racine Street.
Contact an agent
(920) 427-9473 Call to check price and availability
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