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118 E Pulaski St 23,951 SF 80% Leased Retail Building Pulaski, WI 54162 $499,900 ($20.87/SF) 9.90% Cap Rate



Executive Summary
Positioned in the heart of Pulaski, this 23,000+ sq ft commercial property is a rare opportunity for the right buyer with vision. Motivated seller. Currently home to multiple established businesses, the structure offers immediate income potential while leaving significant room for transformation. With its scale, layout flexibility, and high-visibility location, this property is primed to be reimagined into an upscale retail hub, boutique business center, or mixed-use destination. Includes additional rental and recreational spaces to diversify income streams. A value-add project with big upside for investors or entrepreneurs ready to bring new life to a central community landmark.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$68,000
|
$2.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,000
|
$2.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,000
|
$0.63
|
| Net Operating Income |
$53,000
|
$2.21
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $68,000 |
| Annual Per SF | $2.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,000 |
| Annual Per SF | $2.84 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $0.63 |
| Net Operating Income | |
|---|---|
| Annual | $53,000 |
| Annual Per SF | $2.21 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
23,951 SF
Building Class
C
Year Built
1930
Price
$499,900
Price Per SF
$20.87
Cap Rate
9.90%
NOI
$49,500
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.45
Lot Size
0.38 AC
Zoning
G2 - Commercial
Parking
4 Spaces (0.17 Spaces per 1,000 SF Leased)
Frontage
80’ on HIGHWAY 32
Amenities
- Signage
- Storage Space
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | VP-49-1 | Improvements Assessment | $240,600 |
| Land Assessment | $44,100 | Total Assessment | $284,700 |
Property Taxes
Parcel Number
VP-49-1
Land Assessment
$44,100
Improvements Assessment
$240,600
Total Assessment
$284,700
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Real Broker LLC
118 E Pulaski St
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