Downtown Menasha Commercial Redevelopment
For Sale
Contact for pricing
58-60 Racine St, Menasha, WI 54952
Prime location with flexible zoning and strong visibility.
Property Size1,496 SF
Price / SF$133.02
Days on Market166
Property Features for 58-60 Racine St
General Information
Standard status
Active
Size
1,496 SF
Property subtype
OFFICE
Listing Agency:
NAI Pfefferle
(920) 968-4700
Listed By:
Teresa Knuth · License #8909694
(920) 427-9473
Source:
Moodyscre
Added: May 4
Changed: Oct 14
Last Checked: Oct 16 at 11:40AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,965
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,300
$339.3K
Cap Rate 7%
$242,357
$242.4K
Cap Rate 9%
$188,500
$188.5K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$26.9K $18.00/SF
− Vacancy
−$4.3K −$2.88/SF
EGI
$22.6K $15.12/SF
− OpEx
−$5.7K −$3.78/SF
NOI
$17.0K $11.34/SF
Area
Winnebago County, WI
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,300
Cap Rate 7%
$242,357
Cap Rate 9%
$188,500
Alternative Uses
Best Use
Office B
$242.4K
$212.1K – $282.8K
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
NOI $22,602 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 54952, WI
27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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.
