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Mixed-Use Building with Apartments

W15699 State Highway 121 #1 2 & 3, Northfield, WI 54635

For Sale
New
$279,000
Pending

Commercial zoning, three occupied units, and on-site parking support a combination of rental and childcare uses.

Property Size5,000 SF
Lot Size1.25 Acres
Days on Market7

Property Features for W15699 State Highway 121 #1 2 & 3

General Information

Standard status Pending
Size 5,000 SF
Lot size 1.25 Acres
Property subtype Residential Income
Zoning Commercial
Occupancy 100%

Units

Unit Mix 1 x 1BR, 1 x 2BR
Multifamily Units 2

Additional Details

Gross Income $33,120
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,284

Amenities

parking lot
detached garage
appliances
Ceiling Fan(s)

Building Details

Building Size 5,000 SF
Year Built 1900
Units 3
Listing Agency: Badger State Realty
Listed By: Jim Franks · License WI 58289-90
Source: Birchlandrealty
Added: Nov 3 Changed: Nov 4 Last Checked: Nov 8 at 6:43PM

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 Badger State Realty

Rey
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Investment Insights

Based on property information with market context.

This approximately 5,000-square-foot mixed-use property contains three units: a day care, a large one-bedroom apartment on the main level, and a two-bedroom apartment upstairs. The building sits on 1.25 acres and has vinyl siding, a steel and shingle roof, and aluminum soffits. Newer furnaces and water heaters serve the property, and the apartments include appliances. The day care is handicap accessible.

A large parking area and a detached two-car garage serve the site. Commercial zoning and tenant-paid utilities are additional property features. The building was constructed in 1900.

Key Highlights

  • Three units: day care, one‑bedroom apartment, and two‑bedroom apartment
  • Approximately 5,000 square feet on 1.25 acres
  • Commercial zoning

Property Analytics

Current Use

Day care centers

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

Demographics for 54635, WI

1,792
Population
907
Households
2
Avg Household Size
46
Median Age
18%
College-Educated
91%
High-School Grad
79.9 sq mi
ZIP Area
22
Density / Sq Mi
$73,250
Median Household Income
$41,731
Median Earnings
$705
Median Rent
$187,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial zoning, three occupied units, and on-site parking support a combination of rental and childcare uses.
Where is this mixed-use property located?
The property is located at W15699 State Highway 121 #1 2 & 3 Northfield, WI.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Three units: day care, one‑bedroom apartment, and two‑bedroom apartment; Approximately 5,000 square feet on 1.25 acres; Commercial zoning
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