Mixed-Use Property with Open
For Sale
$449,900
649 W Oshkosh, Ripon, WI 54971
Flexible commercial building with reception, open work areas, kitchen, dining space, and two bathrooms.
Property Size3,663 SF
Lot Size1.60 Acres
Price / SF$122.82
Days on Market92
Property Features for 649 W Oshkosh
General Information
Standard status
Active
Size
3,663 SF
Lot size
1.60 Acres
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Emmer Real Estate Group, Inc.
Listed By:
Jim Emmer · License #3703490
(262) 629-4747
Source:
Viewhomesinwisconsin
Added: Aug 3
Changed: Nov 1
Last Checked: Nov 1 at 5:55AM
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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Investment Insights
Based on property information with market context.
This 3,663-square-foot mixed-use property was built in 1985 and sits on 1.6 acres within the City of Ripon. The building includes a central reception area, open display or workspace areas, a full kitchen with dining space, and two bathrooms. Recent exterior work includes new siding.
The property was previously used for daycare, medical offices, and an art studio, providing a layout suited to several commercial configurations. Immediate occupancy is available at 649 W Oshkosh in Ripon, Wisconsin.
The property was previously used for daycare, medical offices, and an art studio, providing a layout suited to several commercial configurations. Immediate occupancy is available at 649 W Oshkosh in Ripon, Wisconsin.
Key Highlights
- 3,663‑square‑foot mixed‑use property on 1.6 acres
- Central reception area with open display or workspace areas
- Full kitchen with dining space and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,735
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,700
$754.7K
Cap Rate 7%
$539,071
$539.1K
Cap Rate 9%
$419,278
$419.3K
Market Conditions
NOI Build-Up for 3,663 SF
Gross rent
$64.2K $17.52/SF
− Vacancy
−$13.9K −$3.78/SF
EGI
$50.3K $13.74/SF
− OpEx
−$12.6K −$3.43/SF
NOI
$37.7K $10.30/SF
Area
Fond du Lac County, WI
Vacancy
21.60%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,700
Cap Rate 7%
$539,071
Cap Rate 9%
$419,278
Alternative Uses
Best Use
Healthcare Medical
$796.9K
$697.3K – $929.7K
NOI $55,780 @ 7.0% cap · market cap 12.40%
Second Best
Office B
$539.1K
$471.7K – $628.9K
NOI $37,735 @ 7.0% cap · market cap 8.39%
Theoretical Best
Multifamily LT 5
$3.53M
$3.09M – $4.12M
NOI $247,077 @ 7.0% cap · market cap 54.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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Business Placement
Demographics for 54971, WI
10,938
Population
4,918
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
110.9 sq mi
ZIP Area
99
Density / Sq Mi
$65,914
Median Household Income
$41,534
Median Earnings
$708
Median Rent
$182,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with reception, open work areas, kitchen, dining space, and two bathrooms.
Where is this mixed-use property located?
The property is located at 649 W Oshkosh Ripon, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 3,663‑square‑foot mixed‑use property on 1.6 acres; Central reception area with open display or workspace areas; Full kitchen with dining space and two bathrooms
