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    143-149 E Jefferson Street Spring Green, WI 53588

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    For Sale
    $379,000

    Retail - Spring Green, WI

    Type:Retail
    Property size:
    3,500 SF
    Price / SF:
    $108/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 3:06 pm

    Property Features for 143-149 E Jefferson Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    B-1
    Interior features
    Freight elevator, Residential unit(s), Display window, Inside storage
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    182-0090-00000
    Size
    3,500 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5760

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    1
    Building materials
    Brick
    Roof type
    Flat, Membrane, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Schwartz
    Steve Schwartz

    Listing agent Steve Schwartz

    Listing office Restaino & Associates 2945 Monroe St, Fitchburg, WI

    Listing date May 7, 2026

    MLS# 2019098 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location in a popular tourist and arts destination with high foot traffic
    • 3,500 sq ft main floor showroom with open staircase
    • Historical character retained, including beautiful facade and impressive pressed metal ceiling
    • Includes a 1,200 sq ft residential 2‑bedroom, 1‑bath apartment on the second floor
    • Freight elevator and accessible elevator installed
    • Upgrades throughout the years including central air and forced air heating

    Overview

    Historic Retail Building in Spring Green

    This two-story red brick commercial property, originally used as a department store for over 100 years, is located in the heart of downtown Spring Green, Wisconsin. The building has been upgraded over the years while retaining its historical character, including a beautiful facade and impressive pressed metal ceiling. The main floor showroom comprises 3,500 square feet with an open staircase to the second floor. The second floor has the same layout and includes a 1,200 square foot residential apartment with 2 bedrooms and 1 bath, currently used as storage space. Situated in a location with great foot traffic, this property offers potential for various business ventures. Spring Green is a tourist and arts destination, attracting visitors to Frank Lloyd Wright's Taliesin and the American Players Theatre. The zoning is B-1. The owners have retired, presenting an opportunity to bring new ideas and give this building a new chapter.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Green
    County
    Sauk
    State
    Wisconsin
    Longitude
    -90.067278
    Latitude
    43.177063

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    FAQs

    What type of property is this?
    Storefront property - Two-story commercial property in downtown Spring Green, Wisconsin.
    Where is this storefront property located?
    The property is located at 143-149 E Jefferson Street Spring Green, WI.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: Prime downtown location in a popular tourist and arts destination with high foot traffic; **3,500 sq ft main floor showroom with open staircase**; Historical character retained, including beautiful facade and impressive pressed metal ceiling
    (608) 695-4068
    We can help!
    Listing Contact
    Steve Schwartz
    Steve Schwartz
    Learn More
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    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.

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