Mixed-Use Commercial
For Sale
$295,000
601 Belknap St, Superior, WI 54880
COMMERCIAL - Superior, WI
Property Size2,000 SF
Lot Size0.14 Acres
Price / SF$147.50
Days on Market51
Property Features for 601 Belknap St
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Directions
Corner of Belknap St and Cypress Ave
Subdivision
LSAR
Standard status
Active
Size
2,000 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3080
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1910
Number of units
4
Roof type
Flat
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Megan Wilson · License #75787-94
(952) 829-2900
Added: Jun 16
Changed: Aug 5
Last Checked: Aug 5 at 10:06PM
MLS# 6126089
Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Mixed-use commercial property featuring flexible main-level office and/or retail space. The building also includes two upper-level apartments, creating an opportunity for combined commercial and residential income in a single asset. A detached 24' x 24' garage and ample off-street parking are also included.
Located at 601 Belknap St in Superior, WI, the property benefits from high visibility on Belknap Street. Public remarks note strong traffic counts along the corridor.
The configuration supports both business use on the main level and residential use above, with the added utility of dedicated parking and the separate detached garage on site.
Located at 601 Belknap St in Superior, WI, the property benefits from high visibility on Belknap Street. Public remarks note strong traffic counts along the corridor.
The configuration supports both business use on the main level and residential use above, with the added utility of dedicated parking and the separate detached garage on site.
Key Highlights
- Mixed‑use commercial property with office/retail space on the main level plus two upper‑level apartments
- Approximately 1,000 SF main‑level office and/or retail space
- 24' x 24' detached garage
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 | $36.0k | $18.00 |
| − Vacancy | −$936 | −$0.47 |
| EGI | $35.1k | $17.53 |
| − OpEx | −$10.5k | −$5.26 |
| NOI | $24.5k | $12.27 |
2,000 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$426.2K
$372.9K – $497.3K
NOI $29,835 @ 7.0% cap · market cap 10.11%
Second Best
Retail
$350.6K
$306.8K – $409.1K
NOI $24,545 @ 7.0% cap · market cap 8.32%
Theoretical Best
Specialty Retail
$630.6K
$551.8K – $735.7K
NOI $44,141 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 54880, WI
30,400
Population
14,325
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
166.1 sq mi
ZIP Area
183
Density / Sq Mi
$66,942
Median Household Income
$40,813
Median Earnings
$901
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Flexible main-level office/retail space with two upper apartments, plus a detached 24-by-24 garage and off-street parking.
Where is this quadplex located?
The property is located at 601 Belknap St Superior, WI.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Mixed‑use commercial property with office/retail space on the main level plus two upper‑level apartments; Approximately 1,000 SF main‑level office and/or retail space; 24' x 24' detached garage
