Office Property with On-Site
903 Marshall St, Lake Geneva, WI 53147
For Sale
New
$389,900
N, Lake Geneva, WI
Property Size1,386 SF
Lot Size0.13 Acres
Price / SF$281.31
Days on Market3
Property Features for 903 Marshall St
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Architectural style
Listing Agency:
EXP Realty, LLC~MKE
(866) 848-6990
Listed By:
Joel Reyenga
(262) 325-9867
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 1988225
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1,386-square-foot office property was built in 1870 and sits on a 0.13-acre parcel. General Business zoning identifies office and home occupation uses, while commercial indoor lodging is listed as a conditional use that allows year-round nightly rental.
The property occupies a corner on Lake Geneva’s north-south commercial corridor. Nearby restaurants and businesses are part of the surrounding area. Four off-street parking spaces are provided, with additional street parking in front and along the side.
The property occupies a corner on Lake Geneva’s north-south commercial corridor. Nearby restaurants and businesses are part of the surrounding area. Four off-street parking spaces are provided, with additional street parking in front and along the side.
Key Highlights
- 1,386‑square‑foot office property on a 0.13‑acre parcel
- Built in 1870
- General Business zoning; office and home occupation are identified uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,162
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,240
$243.2K
Cap Rate 7%
$173,743
$173.7K
Cap Rate 9%
$135,133
$135.1K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$20.8K $15.00/SF
− Vacancy
−$4.6K −$3.30/SF
EGI
$16.2K $11.70/SF
− OpEx
−$4.1K −$2.93/SF
NOI
$12.2K $8.78/SF
Area
Walworth County, WI
Vacancy
22.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,240
Cap Rate 7%
$173,743
Cap Rate 9%
$135,133
Alternative Uses
Best Use
Office B
$173.7K
$152.0K – $202.7K
NOI $12,162 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$267.5K
$234.0K – $312.1K
NOI $18,723 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53147, WI
17,859
Population
11,455
Households
1.6
Avg Household Size
47
Median Age
40%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
256
Density / Sq Mi
$83,018
Median Household Income
$45,399
Median Earnings
$1,277
Median Rent
$337,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Spaces in Walworth County, WI
Properties on Market for Office Spaces in Walworth County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office space - General Business zoning supports office and home occupation uses, with indoor lodging identified as a conditional use.
Where is this office space located?
The property is located at 903 Marshall St Lake Geneva, WI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1,386‑square‑foot office property on a 0.13‑acre parcel; Built in 1870; General Business zoning; office and home occupation are identified uses
