Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    147/145 E Montello St Montello, WI 53949

    View on Map
    Sponsored
    For Sale
    $359,000

    Retail,Office,Service,Church - Montello, WI

    Days on Market:
    232
    Last Refresh:
    Mar 5 at 10:06 pm

    Property Features for 147/145 E Montello St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Com/Res
    APN
    251001630005
    Parking features
    Offsite
    Interior features
    Public rest rooms, Private Restrooms, Residential unit(s)

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1875
    Floors in Building
    2
    Number of units
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Irina Gagne

    Special Property (920) 294-0122

    Listing agent Irina Gagne (920) 294-0122

    Listing date Jul 17, 2025

    MLS# 1994454 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.

    Learn more

    Property Insight Report

    Overview

    Historic Church with Residence

    This unique property, a former church built in 1875, currently houses the Readers Realm Bookstore. The building features approximately 4,000 square feet of space, showcasing original woodwork, high ceilings, and oversized windows. The property benefits from high-visibility highway frontage, making it suitable for continued commercial use. A separate residence is located at the back of the property. This home includes 3 bedrooms, 2 bathrooms, a formal dining room, a bonus main-floor office room, and first-floor laundry.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Montello
    County
    Marquette
    State
    Wisconsin
    Longitude
    -89.323778482834
    Latitude
    43.791932365241

    Nearby Similar for Sale

    • $297,950
      10,000 SF

      Montello Retail and Industrial Space

      Leasable space available on Main Street in Montello, Wisconsin.
      636-640 Main St, Montello, WI 53949
      View Details
    • $205,000

      Historic Church Building with Bookstore

      Former church with bookstore, original features, high-visibility location.
      147 E Montello St, Montello, WI 53949
      View Details
    • $479,990

      Versatile Warehouse in Montello, WI

      9000 sq ft warehouse suitable for business or storage.
      W3021 County Road C, Montello, WI 53949
      View Details
    • $1,750,000
      6.03 Acres

      Restaurant with Craft Brewery & Camping

      Restaurant with craft brewery, camping, and outdoor recreation potential.
      201 Main St, Montello, WI 53949
      View Details
    • $1,750,000

      Restaurant and Recreation Opportunity

      Restaurant with brewery, recreation, and camping in a prime location.
      201 Main St, Montello, WI 53949
      View Details
    • $359,000

      Historic Church with Bookstore Conversion

      Former church (1875) with bookstore and separate residential building.
      147/145 E Montello St, Montello, WI 53949
      View Details
    • $1,750,000

      Restaurant with Craft Brewery & Recreation

      Restaurant with brewery, recreation, and camping on 6 acres.
      201 Main St, Montello, WI 53949
      View Details
    • Contact for pricing
      13,512 SF

      Operating Used Car Business

      Two-part property with flex/shop/office building and warehouse/acreage.
      41 Main St, Montello, WI 53949
      View Details
    • $395,000

      Turnkey Motel in Montello, WI

      7-unit motel in prime location, ready for immediate operation.
      106 Central Ave, Montello, WI 53949
      View Details
    • $249,900
      8,760 SF

      Main Street Multi-Use Property

      Montello, WI Investment Opportunity
      41 Main St, Montello, WI 53949
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Unique property with commercial space and separate residential home.
    Where is this church & religious facility located?
    The property is located at 147/145 E Montello St Montello, WI.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Unique 4,000 sq.ft. former church building with original 1875 features; - Includes a separate 3-bedroom, 2-bathroom residence; - High-visibility highway frontage ideal for commercial use
    (920) 896-3887
    Request Owner's contact information
    147/145 E Montello St Montello, WI 53949
    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.
    147/145 E Montello St
    Montello, WI 53949
    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
    147/145 E Montello St Montello, WI 53949
    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

    We can help!
    Listing Contact
    Irina Gagne
    Real Estate License ID: 93336-94
    (920) 896-3887 (920) 294-0122
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!