Mixed-Use Property Near Downtown
1027 S Main St, Oshkosh, WI 54902
Two-story mixed-use property with commercial space and residential units.
Type:Retail
Property size:
5,395 SFLot size:
0.25 AcresPrice / SF:
$154/SF- Added:
- Feb 3, 2024
- Days on Market:
- 848
- Last Refresh:
- May 12 at 10:49 pm
Property Features for 1027 S Main St
General Information
- Standard status
- Active
- Size
- 5,395 SF
- Lot size
- 0.25 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing agent Luke Geoffrion License #98671-94
Listing office Berkshire Hathaway HomeServices Metro Realty
Listing date Feb 3, 2024
Source Crexi
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 Berkshire Hathaway HomeServices Metro Realty
HighLights
- Mixed‑use property provides diversified income potential with restaurant/bar space and three updated apartments.
- Restaurant/bar space is fully built‑out with full liquor license, commercial kitchen (equipment included), and seating for 120.
- Prime location near downtown Oshkosh, Wisconsin Herd arena, Riverwalk, and redevelopment activity.
- On‑site parking, a notable advantage in the area.
- Flexibility for new restaurant concept or alternative commercial use due to mixed‑use zoning and non‑operating restaurant.
- Distinctive architectural character including original tin ceiling and glass block storefront.
Overview
This two-story mixed-use property is positioned along South Main Street near Oshkosh’s growing downtown corridor. The main level features a fully built-out restaurant and bar space with a full liquor license and seating for approximately 120. The commercial kitchen includes equipment. Architectural character includes an original tin ceiling and glass block storefront. The restaurant is currently not operating, which allows for a new concept, rebranding, or alternative commercial use within mixed-use zoning. Above the commercial space are three updated apartments, including two one-bedroom units and one two-bedroom unit. The apartments are accessed via both front and rear entrances. The building totals approximately 5,395 square feet and sits on an 85x130 lot with on-site parking. It is located blocks from the Wisconsin Herd arena, Riverwalk, Pioneer Drive, and nearby redevelopment activity. This property is suited for investors, owner-operators, or buyers seeking a value-add mixed-use asset in an evolving Oshkosh market.
Local Financial Insights For Specialty 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 | $102.3k | $18.96 |
| − Vacancy | −$5.3k | −$0.99 |
| EGI | $97.0k | $17.97 |
| − OpEx | −$24.2k | −$4.49 |
| NOI | $72.7k | $13.48 |
5,395 SF · lease $18.96/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$909.1K – $1.21M
NOI $72,728 @ 7.0% cap · market cap 8.71%
Second Best
Retail
$740.5K
$647.9K – $863.9K
NOI $51,832 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,510 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Location Insight
- Map
- Local Demand
- City
- Oshkosh
- County
- Winnebago
- State
- Wisconsin
- Longitude
- -88.5383349
- Latitude
- 44.0086238
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-story mixed-use property with commercial space and residential units.
Where is this mixed-use property located?
The property is located at 1027 S Main St Oshkosh, WI.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Mixed‑use property provides diversified income potential with restaurant/bar space and three updated apartments.; Restaurant/bar space is fully built‑out with full liquor license, commercial kitchen (equipment included), and seating for 120.; Prime location near downtown Oshkosh, Wisconsin Herd arena, Riverwalk, and redevelopment activity.
