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    Heavy Commercial Land Parcel Title is generated by Realmo AI

    4732 Highway 78, Black Earth, WI 53515

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    Claim this Listing
    For Sale
    $199,000

    COMMERCIAL - Black Earth, WI

    Property size:
    1,000 SF
    Lot size:
    3.54 Acres
    Price / SF:
    $199/SF
    Added:
    Apr 14, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 17 at 8:06 pm

    Property Features for 4732 Highway 78

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HC
    Standard status
    Active
    APN
    0706-022-9655-0
    Size
    1,000 SF
    Lot size
    3.54 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2869

    Building Details

    Number of units
    1
    Roof type
    Composition

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    Listing Contact
    Anna Wahlgren

    Listing agent Anna Wahlgren

    Listing office Homestead Realty 7734 Harwood Ave, Milwaukee, WI

    Listing date Apr 14, 2026

    MLS# 2012814

    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

    • 3.54‑acre property with heavy commercial zoning on Hwy 78
    • Includes a small 3BR/1BA home that needs repairs and can be used as a SF caretaker’s residence with a Conditional Use Permit
    • Land includes a mix of wooded and cleared areas
    • Septic system and shared well on‑site
    • Options noted include contractors/landscaping or building trade operations, indoor/outdoor sales, office uses, storage and mini‑warehouse
    • Additional listed possibilities include vehicle repair, vet clinic, and warehousing/distribution facilities

    Overview

    This 3.54-acre heavy commercial zoned property offers a mix of wooded and cleared land, with site utilities including a septic system and a shared well. A small home on-site is described as needing repairs, but it may be occupied as a single-family home while the property is used with commercial activities, subject to a Conditional Use Permit as a “caretaker’s residence.” The residence is configured with three bedrooms and one bath.

    The property is located on Hwy 78, just a few miles south of Black Earth, WI. Access is directly off the highway, supporting visibility and practical day-to-day operations for businesses that benefit from convenient roadside frontage.

    The property is positioned for a range of commercial concepts identified in the associated materials, including contractor, landscaping/building trade, indoor/outdoor sales, office uses, storage, mini-warehouse, vehicle repair, vet clinic, and warehousing/distribution facilities. Prospective tenants, buyers, and operators can review the associated documents for additional use options and align their plans with the available zoning and the caretaker residence framework.

    Local 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 $14.4k $14.40
    − Vacancy −$374 −$0.37
    EGI $14.0k $14.03
    − OpEx −$2.1k −$2.10
    NOI $11.9k $11.92
    1,000 SF · lease $14.40/SF/yr · vacancy 2.60% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $170.3K
    $149.0K – $198.7K (±1% cap)
    NOI $11,922 @ 7.0% cap · market cap 5.99%
    Second Best
    Industrial
    $140.3K
    $122.7K – $163.6K (±1% cap)
    NOI $9,818 @ 7.0% cap · market cap 4.93%
    Theoretical Best
    Office A
    $232.4K
    $203.3K – $271.1K (±1% cap)
    NOI $16,267 @ 7.0% cap · market cap 8.17%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Black Earth
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.7530265
    Latitude
    43.1146872

    FAQs

    What type of property is this?
    Commercial land - 3.54-acre heavy commercial zoned parcel with a small 3-bedroom home and utilities, suited for a variety of business uses.
    Where is this commercial land located?
    The property is located at 4732 Highway 78 Black Earth, WI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 3.54‑acre property with heavy commercial zoning on Hwy 78; Includes a small 3BR/1BA home that needs repairs and can be used as a SF caretaker’s residence with a Conditional Use Permit; Land includes a mix of wooded and cleared areas
    More about this property
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