Flexible Retail and Office
850 Racine St Menasha, WI 54952
New
850 Racine St, Menasha, WI, 54952
$500,000
For Sale
$500,000
A 4,024 sq ft corner property with main-level open shop, office, and a fully finished lower level.
Property Size4,024 SF
Lot Size0.25 Acres
Price / SF$124.25
Days on Market2
Property Features for 850 Racine St
General Information
- Standard status
- Active
- Size
- 4,024 SF
- Lot size
- 0.25 Acres
Building Details
- Year Built
- 1983
Listing agency
Century 21 Ace Realty
(920) 378-6555
Listed by
Ryan J. Hawkins
Source
Smartteamhomes
Added: Jul 21 Updated: Jul 22 at 12:13PM Checked: Jul 22 at 12:13PM
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 Century 21 Ace Realty
Investment Insights
Based on property information with market context.
This flexible commercial building is well-suited for retail, office, service-based businesses, or contractor use. The main level includes a large open shop/work area with front counter/reception space, an office, and a restroom. A full lower level adds additional finished space with multiple rooms, a kitchen area, a bathroom, and storage.
The property sits on a 0.25-acre corner lot with visibility along Racine St and convenient access to Hwy 441. Onsite paved parking supports customer and employee needs.
Building systems include a poured concrete foundation, forced air heat, and central A/C, along with municipal water and sewer.
The property sits on a 0.25-acre corner lot with visibility along Racine St and convenient access to Hwy 441. Onsite paved parking supports customer and employee needs.
Building systems include a poured concrete foundation, forced air heat, and central A/C, along with municipal water and sewer.
Key Highlights
- 4,024 sq ft commercial building with a flexible layout for retail, office, service‑based, or contractor use
- Main level features large open shop/work area, front counter/reception, office, and restroom
- Fully finished lower level with multiple rooms, kitchen area, bathroom, and storage
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 | $72.4k | $18.00 |
| − Vacancy | −$11.6k | −$2.88 |
| EGI | $60.8k | $15.12 |
| − OpEx | −$15.2k | −$3.78 |
| NOI | $45.6k | $11.34 |
4,024 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$651.9K
$570.4K – $760.5K
NOI $45,632 @ 7.0% cap · market cap 9.13%
Second Best
Retail
$552.3K
$483.3K – $644.4K
NOI $38,661 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$868.5K
$760.0K – $1.01M
NOI $60,797 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bluebird Boutique
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - A 4,024 sq ft corner property with main-level open shop, office, and a fully finished lower level.
Where is this retail space located?
The property is located at 850 Racine St Menasha, WI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4,024 sq ft commercial building with a flexible layout for retail, office, service‑based, or contractor use; Main level features large open shop/work area, front counter/reception, office, and restroom; Fully finished lower level with multiple rooms, kitchen area, bathroom, and storage
