Downtown Restaurant and Retail
For Sale
$184,900
134 W Lincoln Street, Augusta, WI 54722
COMMERCIAL - Augusta, WI
Property Size1,558 SF
Price / SF$118.68
Days on Market138
Property Features for 134 W Lincoln Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Interior features
Storage
Elementary school district
Augusta
Middle school district
Augusta
High school district
Augusta
Standard status
Active
APN
1820222506042302015
Size
1,558 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
W 11' OF LOT 5 & E 9'4'' OF LOT 6 BLK 1, THE N 20 ' OF THE E 9 FT 4 IN OF LOT 15 BLK 1 ALSO W 3' OF N 20' & E 22' OF W 25' OF N 10' OF LOT 16 BLK 1.
Tax Annual Amount
1439
Legal Description
W 11' OF LOT 5 & E 9'4'' OF LOT 6 BLK 1, THE N 20 ' OF THE E 9 FT 4 IN OF LOT 15 BLK 1 ALSO W 3' OF N 20' & E 22' OF W 25' OF N 10' OF LOT 16 BLK 1.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
full bathroom
partially finished basement
storage building
on-street parking
Building Details
Year built
1940
Building materials
Brick, CementSiding, Hardboard, VinylSiding
Additional Structures
Storage
Listing Agency:
CB Brenizer/Eau Claire · Coldwell Banker Real Estate
(715) 835-4344
Listed By:
Zina Obaid · License #79856-94
(715) 835-4344
Added: Mar 27
Changed: Aug 4
Last Checked: Aug 11 at 4:06AM
MLS# 1599241
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This downtown commercial building offers a flexible main-level layout suitable for restaurant, bakery, catering, or retail/office use. The main area includes a dining or retail space of 510+/- sq ft, along with an additional 550+/- sq ft back room/kitchen area. A full bathroom is located on the main level. The full basement provides 470+/- sq ft of partially finished space and is plumbed for a second bathroom, offering room for storage, prep, or future expansion.
The property is located at 134 W Lincoln Street in Augusta, Wisconsin. The building is next to a veterans memorial that provides on-street parking, supporting convenient downtown access.
A second parcel is included behind the building, along with a 16' x 21' storage building that can support inventory or equipment needs. The building is connected to city sewer and water.
The property is located at 134 W Lincoln Street in Augusta, Wisconsin. The building is next to a veterans memorial that provides on-street parking, supporting convenient downtown access.
A second parcel is included behind the building, along with a 16' x 21' storage building that can support inventory or equipment needs. The building is connected to city sewer and water.
Key Highlights
- Prime downtown location on Lincoln Street, next to a veterans memorial, ensuring high visibility and foot traffic.
- Versatile main‑level space with dining/retail area and back room/kitchen suitable for various businesses.
- Includes a second parcel with a 16' x 21' storage building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$295,280
$295.3K
Cap Rate 7%
$210,914
$210.9K
Cap Rate 9%
$164,044
$164.0K
Market Conditions
NOI Build-Up for 1,558 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.4K $15.00/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$21.1K $13.54/SF
− OpEx
−$6.3K −$4.06/SF
NOI
$14.8K $9.48/SF
Area
Eau Claire County, WI
Vacancy
9.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$295,280
Cap Rate 7%
$210,914
Cap Rate 9%
$164,044
Alternative Uses
Best Use
Industrial
$1.76M
$1.54M – $2.05M
NOI $123,085 @ 7.0% cap · market cap 66.57%
Second Best
Specialty Retail
$308.3K
$269.7K – $359.7K
NOI $21,579 @ 7.0% cap · market cap 11.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54722, WI
4,312
Population
1,846
Households
2.3
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
148.6 sq mi
ZIP Area
29
Density / Sq Mi
$66,500
Median Household Income
$44,715
Median Earnings
$812
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-level restaurant and retail layout with kitchen space, full bath, partially finished basement, and city sewer and water.
Where is this conventional restaurant located?
The property is located at 134 W Lincoln Street Augusta, WI.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Prime downtown location on Lincoln Street, next to a veterans memorial, ensuring high visibility and foot traffic.; Versatile main‑level space with dining/retail area and back room/kitchen suitable for various businesses.; Includes a second parcel with a 16' x 21' storage building.
