Two-Story Industrial Building with
3345 Highway 151 Sun Prairie, WI 53590
For Sale
$599,900
COMMERCIAL - Sun Prairie, WI
Property Size3,888 SF
Lot Size0.97 Acres
Price / SF$154.30
Days on Market34
Property Features for 3345 Highway 151
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Security features
Security System, Security Lighting
Interior features
3 phase electric, Security system, Inside storage, Security lighting
Standard status
Active
APN
0810-123-9590-4
Size
3,888 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
2981
Building Details
Year built
1990
Number of units
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(608) 831-0800
Listed By:
Jeffrey Wood · License #4749694
(608) 215-4300
Added: Jun 24
Changed: Jul 27
Last Checked: Jul 27 at 1:06PM
MLS# 1959054
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.
This property includes a 36x108 Cleary two-level building with drywalled, insulated sidewalls and ceiling. The main level features a cement slab with in-floor heat that is not currently hooked up and would need a boiler and copper to complete. Office space is possible on the main level, with walls already in place, and there are stairs leading to a vaulted second level for additional finished space (listed as 3,800 sq. ft.).
The site is described as almost one acre (0.97 acres) in the Town of Burke and is zoned C-1. The seller notes easy access to the interstate and strong exposure in a high-traffic corridor, with visibility on Highway 151. A new well is referenced by the seller (2002–2004).
The site is described as almost one acre (0.97 acres) in the Town of Burke and is zoned C-1. The seller notes easy access to the interstate and strong exposure in a high-traffic corridor, with visibility on Highway 151. A new well is referenced by the seller (2002–2004).
Key Highlights
- Almost 1 acre in the Town of Burke, with easy access to interstate and a high‑traffic Hwy 151 corridor
- 36x108 Cleary building with 2 levels and approximately 3,800 sq ft of space
- Main level features cement slab with in‑floor heat (not hooked up; needs boiler and copper) and an office area with walls in place
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $14.40 |
| − Vacancy | −$1.5k | −$0.37 |
| EGI | $54.5k | $14.03 |
| − OpEx | −$8.2k | −$2.10 |
| NOI | $46.4k | $11.92 |
3,888 SF · lease $14.40/SF/yr · vacancy 2.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$662.2K
$579.4K – $772.5K
NOI $46,352 @ 7.0% cap · market cap 7.73%
Second Best
Industrial
$545.3K
$477.2K – $636.2K
NOI $38,172 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$903.5K
$790.6K – $1.05M
NOI $63,244 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Firehouse Subs Sun Prairie on Grand — 390 S Grand Ave #102, Sun Prairie, WI 53590
Frequently Asked Questions
What type of property is this?
Flex space - Two-level warehouse includes insulated interior and an office area on the main level.
Where is this flex space located?
The property is located at 3345 Highway 151 Sun Prairie, WI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Almost 1 acre in the Town of Burke, with easy access to interstate and a high‑traffic Hwy 151 corridor; 36x108 Cleary building with 2 levels and approximately 3,800 sq ft of space; Main level features cement slab with in‑floor heat (not hooked up; needs boiler and copper) and an office area with walls in place
