Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    103-109 Lake St Mukwonago, WI 53149

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    103-109 Lake St Mukwonago, WI 53149

    View on Map
    • Retail properties & Spaces
    • 8,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 103-109 Lake St

    Property size
    8,000 SF
    Property type
    Retail properties & Spaces

    Description

    This 8,000 square foot multi-tenant retail center in Mukwonago, Wisconsin, presents a compelling investment opportunity. Located at 103-109 Lake Street, the property boasts a strong daily traffic count of 18,700 vehicles (DOT 2022 data) and offers excellent visibility with building and monument signage opportunities. Currently generating a net operating income (NOI) of $65,911, the property has significant upside potential, projected at $95,438. The asking price is $750,000. The property features city water and sewer utilities and includes approximately 1,700 square feet of immediately available leasable space, currently commanding a monthly rent of $2,400. Real estate taxes are $8,761.26 annually (Tax Key: MUKV1973959). This modified lease property offers a blend of existing tenants and a vacancy, providing immediate income generation and the potential for further revenue growth through leasing or occupancy. The property's prime location and strong traffic flow make it an ideal investment for both seasoned investors and business owners seeking to expand their operations. This is a rare opportunity to acquire a well-positioned retail center in a thriving Wisconsin community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mukwonago
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.3336
    Latitude
    42.8645

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      560 Bay View Rd

      Churches & religious facilities • 7,000 SF
      560 Bay View Rd, Mukwonago, WI 53149
      View Details
    • Value Estimation by Request
      19,200 SF

      555-575 Bay View Rd

      Office properties & Spaces • 19,200 SF
      555-575 Bay View Rd, Mukwonago, WI 53149
      View Details
    • Value Estimation by Request
      8,000 SF

      103-109 Lake St

      Individual retail properties • 8,000 SF
      103-109 Lake St, Mukwonago, WI 53149
      View Details
    • Value Estimation by Request
      7,000 SF

      560 Bay View Rd

      Office properties & Spaces • 7,000 SF
      560 Bay View Rd, Mukwonago, WI 53149
      View Details
    • Value Estimation by Request
      1.03 Acres

      707 Veterans Way

      COMMERCIAL (GENERAL) • 1.03 Acres
      707 Veterans Way, Mukwonago, WI 53149-1011
      View Details
    • Value Estimation by Request
      1.10 Acres

      Mukwonago, WI 53149

      COMMERCIAL (GENERAL) • 1.10 Acres
      Mukwonago, WI 53149
      View Details

    Similar Nearby for Sale

    • $1,125,000
      2,790 SF

      Former Bank Branch with Drive-Thru

      Well-maintained building with drive-thru, suitable for retail or bank.
      730 Fox St, Mukwonago, WI 53149
      View Details
    • $350,000
      5.00 Acres

      Land for Agriculture, Grazing, Residential

      Land suitable for agriculture, grazing, and residential use.
      1 Hi Lo Dr, Mukwonago, WI 53149
      View Details
    • Contact for pricing

      Highway Frontage Commercial Land Available

      Commercial land with highway frontage and development opportunities.
      1020 N Rochester St, Mukwonago, WI 53149
      View Details
    • Contact for pricing

      124.92 Acres of Land Available

      Approximately 124.92 acres of land for sale.
      125 Acres Off Hwy 83, Mukwonago, WI 53149
      View Details
    • $499,900
      4.50 Acres

      Mukwonago Vacant Land Opportunity

      4.5 acres of commercial land with high visibility.
      Pcl0 Main St, Mukwonago, WI 53149
      View Details
    • $350,000
      217,800 SF

      Land in Convenient Location

      Land with easy freeway access, suitable for agricultural use.
      1 Hi Lo Dr, Mukwonago, WI 53149
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,040 SF

      Retail Center with Value-Add Potential

      Retail center with existing tenants and one vacancy for lease.
      103-109 Lake St, Mukwonago, WI 53149
      View Details
    • $1,125,000

      Former Bank Branch Available

      Former BMO Bank branch available for lease.
      730 Fox St, Mukwonago, WI 53149
      View Details
    • Contact for pricing

      Mukwonago Retail/Office Space Available

      Retail and office spaces for lease in Mukwonago, Wisconsin.
      555-575 Bay View Rd, Mukwonago, WI 53149
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 106 Main St.
      106 Main St, Mukwonago, WI 53149
      View Details
    • Contact for pricing

      Retail Space in Mukwonago Center

      Retail space available in Mukwonago, Wisconsin.
      955 Main St, Mukwonago, WI 53149
      View Details
    • $60,000
      2,800 SF

      Turnkey Wine Bar in Mukwonago

      Fully operational wine bar with experienced staff and curated inventory.
      Confidential St, Mukwonago, WI 53149
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103-109 Lake St
    Mukwonago, WI 53149
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    103-109 Lake St, Mukwonago, WI, 53149

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!