Building Details

Year built 1898

Number of units 4

Roof type Membrane

Listing Agency: Real Broker LLC W***@TheRealBrokerage.com Show Phone

Listed By: Holly Lovell · License #87558-94 Show Phone

Added: Jul 28 Changed: Aug 31 Last Checked: Oct 9 at 11:06AM

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MLS# 2029009

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.

Investment Insights

Based on property information with market context.

Built in 1898, this 4,262-square-foot mixed-use building combines two commercial storefronts with two residential apartments. The property includes basement storage, outdoor space, a membrane roof, and eight off-street parking spaces. Plumbing and electrical improvements were completed in 2021, and a liquor license may be included with the sale.

The property is located at 18 E Hudson Street in downtown Mazomanie, near Black Earth Creek. Its commercial zoning supports the existing blend of storefront and residential space, while the separate commercial and apartment components provide multiple occupancy options within one building.

The layout can accommodate an owner-user, an investor, or a business seeking commercial space alongside residential units, as supported by the existing configuration.

Key Highlights

• Two commercial storefronts and two residential apartments
• 4,262‑square‑foot mixed‑use building on 0.32 acres
• Eight off‑street parking spaces plus outdoor space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,858

Cap Rate

8.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$817,160 $817.2K

Cap Rate 7%

$583,686 $583.7K

Cap Rate 9%

$453,978 $454.0K

Market Conditions

NOI Build-Up for 4,262 SF

Gross rent

$63.9K $15.00/SF

− Vacancy

−$5.6K −$1.31/SF

EGI

$58.4K $13.70/SF

− OpEx

−$17.5K −$4.11/SF

NOI

$40.9K $9.59/SF

Area

Dane County, WI

Vacancy

8.70%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$817,160

Cap Rate 7%

$583,686

Cap Rate 9%

$453,978

Alternative Uses

Best Use

Mixed Use

$739.8K

$647.3K – $863.1K (±1% cap)

NOI $51,783 @ 7.0% cap · market cap 10.38%

Second Best

Retail

$583.7K

$510.7K – $681.0K (±1% cap)

NOI $40,858 @ 7.0% cap · market cap 8.19%

Theoretical Best

Office A

$990.4K

$866.6K – $1.16M (±1% cap)

NOI $69,328 @ 7.0% cap · market cap 13.89%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apothecary & Mercantile Restaurant

Suggested Use

Top Pick Real Estate Agency Electrical Service Big Box & Wholesale Store Pharmacy Hair Salon Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

188

Businesses Nearby

Explore this area Business Placement

Demographics for 53560, WI

3,714

Population

1,546

Households

2.4

Avg Household Size

45

Median Age

31%

College-Educated

97%

High-School Grad

60.1 sq mi

ZIP Area

62

Density / Sq Mi

$93,516

Median Household Income

$51,892

Median Earnings

$1,068

Median Rent

$328,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial-zoned building combines two storefronts with two residential apartments and flexible owner-user or investment potential.

Where is this mixed-use property located?

The property is located at 18 E Hudson Street Mazomanie, WI.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Two commercial storefronts and two residential apartments; 4,262‑square‑foot mixed‑use building on 0.32 acres; Eight off‑street parking spaces plus outdoor space