Mixed-Use Property with Upper-Level
For Sale
$265,000
N2745 HWY QQ, Waupaca, WI 54981
Commercial Sale, WAUPACA, WI
Property Size1,846 SF
Lot Size0.20 Acres
Price / SF$143.55
Days on Market55
Property Features for N2745 HWY QQ
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Rural Commercial
Parking
8
Basement
Full
Elementary school district
Waupaca
Middle school district
Waupaca
High school district
Waupaca
Directions
From Waupaca, take W Fulton St, left onto HWY QQ, property on right (look for sign) Alternate Address:N2745 HWY QQ
Standard status
Active
APN
05 35 76 22
Lot size
0.20 Acres
Additional Details
Mixed-Use Components
retail, residential
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2096
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Well
Building Details
Year built
1965
Floors in Building
2
Building materials
Shake Siding
Listing Agency:
RE/MAX Lyons Real Estate · RE/MAX International
Listed By:
Benjamin J. Lyons
(715) 258-9565
Added: Sep 2
Changed: Oct 24
Last Checked: Oct 26 at 2:06AM
MLS# 50332110
Copyright © 2026 Realtor Association of Northeast Wisconsin. 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.
This mixed-use property provides approximately 1,274 square feet on the main level, arranged with an open sales floor, office, and bathroom. The upper level adds 572 square feet of living space, creating a distinct second component within the building. Construction includes shake siding, with forced-air heating and a well water source.
The property sits on 0.2 acres at N2745 Hwy QQ in Waupaca, Wisconsin, within the Chain O' Lakes area. Public sewer serves the site, and the property carries Rural Commercial zoning. Built in 1965, the building combines commercial space and upper-level residential-style space in a compact configuration.
The property sits on 0.2 acres at N2745 Hwy QQ in Waupaca, Wisconsin, within the Chain O' Lakes area. Public sewer serves the site, and the property carries Rural Commercial zoning. Built in 1965, the building combines commercial space and upper-level residential-style space in a compact configuration.
Key Highlights
- Approximately 1,274 sq ft of main‑level commercial space
- 572 sq ft of upper‑level living space
- Open sales floor with office and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,903
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,060
$298.1K
Cap Rate 7%
$212,900
$212.9K
Cap Rate 9%
$165,589
$165.6K
Market Conditions
NOI Build-Up for 1,846 SF
Gross rent
$25.9K $14.04/SF
− Vacancy
−$2.1K −$1.12/SF
EGI
$23.8K $12.92/SF
− OpEx
−$8.9K −$4.84/SF
NOI
$14.9K $8.07/SF
Area
Waupaca County, WI
Vacancy
8.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,060
Cap Rate 7%
$212,900
Cap Rate 9%
$165,589
Alternative Uses
Best Use
Mixed Use
$212.9K
$186.3K – $248.4K
NOI $14,903 @ 7.0% cap · market cap 5.62%
Second Best
Retail
$179.1K
$156.7K – $208.9K
NOI $12,536 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$345.8K
$302.6K – $403.4K
NOI $24,204 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 54981, WI
14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Rural Commercial property with an open sales floor, office, bathroom, and separate upper-level living space.
Where is this mixed-use property located?
The property is located at N2745 HWY QQ Waupaca, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 1,274 sq ft of main‑level commercial space; 572 sq ft of upper‑level living space; Open sales floor with office and bathroom
