Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Building with Onsite Parking Title is generated by Realmo AI

    227 3rd St, La Crosse, WI 54601

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office(s),Professional Service,Recreation,Retail,Special Purpose

    Property size:
    1,200 SF
    Lot size:
    0.24 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    100
    Last Refresh:
    May 31 at 7:06 am

    Property Features for 227 3rd St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Comm
    Interior features
    Display Window, Other, Rest Rooms
    Exterior features
    Fenced Yard, Pole Sign
    Fencing
    Fenced
    Standard status
    Active
    APN
    017020031090
    Size
    1,200 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4570

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1973
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael J Richgels

    Listing agent Michael J Richgels License #5057-90

    Listing office RE/MAX Results 757 Sandlake Rd, Onalaska, WI 54650, Onalaska, WI

    Listing date Feb 20, 2026

    MLS# 1951124 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    This 1200 square foot building is located in downtown La Crosse, offering a rare opportunity with 26 onsite parking spaces. Situated on the corner of 3rd St S and Jay St, the property benefits from high visibility, with over 10,000 cars passing by daily. The building was formerly used as an auto rental business and includes a garage wash bay, office area, reception area, and bathroom. It is suitable for office, professional service, recreation, retail, or special purpose uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Enterprise Rent-A-Car Car Rental Facility Aaron's Reef (Bike/Boat/Book/etc) Store The Dominick Sweeney Team ... Loan Service

    Suggested Use

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

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

    Similar Places Nearby

    • Enterprise Rent-A-Car — 227 3rd St S, La Crosse, WI 54601

    Location Insight

    • Map
    • Local Demand
    City
    La Crosse
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.252962
    Latitude
    43.811193

    Nearby Similar for Lease

    • Contact for pricing
      2,500 SF

      Versatile Commercial Space on State Road

      2,500 sq ft office with storage and optional apartment.
      N3239 State Road 16 -, La Crosse, WI 54601
      View Details
    • Contact for pricing
      20,083 SF

      La Crosse Industrial Space Available

      Office, warehouse, and manufacturing space for lease in La Crosse.
      1502 Miller St, La Crosse, WI 54601
      View Details
    • Sponsored
      Contact for pricing

      WI, La Crosse - 3rd Street North

      232 3Rd St, La Crosse, WI 54601
      View Details
    • Contact for pricing
      1,550 SF

      La Crosse Office Space Available

      Professional office space with marsh view and highway signage.
      1421 State Rd 16 -, La Crosse, WI 54601
      View Details
    • $8 SF/Yr
      22,000 SF

      Historic Landmark Mixed-Use Development

      Mixed-use development with retail, office, and restaurant leasing opportunities.
      401 2nd Street North, La Crosse, WI, 54601
      View Details
    • $15 SF/Yr
      46,870 SF

      Modern Office Space in La Crosse

      New construction office spaces with flexible floor plans.
      232 3rd Street South, La Crosse, WI, 54601
      View Details
    • $13 SF/Yr
      8,000 SF

      Turn-Key Fitness Center Opportunity

      Fully equipped fitness center with existing membership base for rent.
      332 Front Street South, La Crosse, WI, 54601
      View Details
    • $25 SF/Yr
      12,518 SF

      Riverfront Commercial Space Available

      Flexible commercial space in La Crosse's new River Point District.
      104 Causeway Boulevard, La Crosse, WI, 54603
      View Details
    • Contact for pricing
      130,000 SF

      Riverside Center III Office Space

      Six-story office building in downtown La Crosse for lease.
      102 Jay Street, La Crosse, WI 54601
      View Details
    • Contact for pricing
      24,000 SF

      Historic Landmark Mixed-Use Development

      Mixed-use development in downtown La Crosse with leasing opportunities.
      525 2nd St, La Crosse, WI, 54601
      View Details
    • Contact for pricing
      94,721 SF

      Downtown La Crosse Office Building

      Six-story, 94,721 SF office building in downtown La Crosse.
      102 Jay Street, La Crosse, WI 54601
      View Details
    • Contact for pricing
      2,500 SF

      Premium Retail Space in La Crosse

      2,500 SF retail space in growing River Point District.
      341 River Bend Rd | La Crosse, WI 54603
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - 1200 SF building with 26 parking spaces in LaCrosse.
    Where is this parking lot & garage located?
    The property is located at 227 3rd St La Crosse, WI.
    (608) 781-7669
    We can help!
    Listing Contact
    Michael J Richgels
    Real Estate License ID: 5057-90
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    227 3rd St, La Crosse, WI 54601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!