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    Stoughton Dental Clinic For Sale Title is generated by Realmo AI

    101 W Main St, Stoughton, WI 53589

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    Claim this Listing
    For Sale
    $1,760,000

    NNN leased dental clinic with additional value-add upside.

    Type:Retail
    Property size:
    6,700 SF
    Price / SF:
    $262/SF
    Added:
    Mar 7, 2026
    Days on Market:
    93
    Last Refresh:
    Mar 7 at 7:10 pm

    Property Features for 101 W Main St

    General Information

    Standard status
    Active
    Size
    6,700 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1890

    We can help!

    Listing Contact
    Dan Rosenfeld
    Dan Rosenfeld

    Listing agent Dan Rosenfeld License #55452

    Listing office Mid America Real Estate Milwaukee

    Listing date Mar 7, 2026

    Source Midamericagrp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mid America Real Estate Milwaukee

    HighLights

    • Brand‑New Absolute NNN Lease: Enjoy a 10‑year lease with tenant responsible for all expenses.
    • Value‑Add Upside: Approximately 6,700 SF on the 2nd and 3rd floors available for lease‑up or adaptive reuse.
    • Strong Tenant Guarantee: Backed by Mercy Dental Group, a Wisconsin‑based operator.
    • 2% Annual Increases: Baked into the lease.
    • Prominent Downtown Location: Corner visibility on W Main Street in Stoughton’s historic core.
    • Recent Capital Investment: $130,000 new roof.

    Overview

    The property at 101 W Main Street, Stoughton, WI (Madison MSA), presents an opportunity to acquire Mercy Dental, an absolute NNN dental clinic. The property features a brand-new absolute NNN lease with a 10-year term, where the tenant is responsible for all expenses, including vacancy CAM. The lease includes 2% annual increases. The tenant is backed by Mercy Dental Group, a Wisconsin-based operator with 10 established clinics across the region. There is value-add upside with approximately 6,700 square feet on the 2nd and 3rd floors available for lease-up for medical or professional use, or adaptive reuse for multifamily purposes. A recent capital investment of $130,000 was made for a new roof, reducing near-term capital needs. The property has a prominent downtown location with corner visibility on W Main Street in Stoughton’s historic core, offering excellent walkability. It is conveniently located near the Madison MSA via US-51/WI-138, with strong long-term patient and labor demand drivers. The area has attractive demographics, with 19,681 residents within 5 miles and an average household income of $113,759. The property offers multiple exit strategies, including durable cash flow and the option to enhance NOI through redevelopment or re-tenanting.

    Local Financial Insights For Office B

    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 $147.1k $21.96
    − Vacancy −$23.5k −$3.51
    EGI $123.6k $18.45
    − OpEx −$30.9k −$4.61
    NOI $92.7k $13.83
    6,700 SF · lease $21.96/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.32M
    $1.16M – $1.54M (±1% cap)
    NOI $92,693 @ 7.0% cap · market cap 5.27%
    Second Best
    Healthcare Medical
    $1.14M
    $997.5K – $1.33M (±1% cap)
    NOI $79,799 @ 7.0% cap · market cap 4.53%
    Theoretical Best
    Office A
    $1.56M
    $1.36M – $1.82M (±1% cap)
    NOI $108,986 @ 7.0% cap · market cap 6.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Stoughton Family Dental Dental Office Dr. Steven Dow Dental Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stoughton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.219888
    Latitude
    42.916504

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    FAQs

    What type of property is this?
    Retail space - NNN leased dental clinic with additional value-add upside.
    Where is this retail space located?
    The property is located at 101 W Main St Stoughton, WI.
    What is the asking price?
    The asking price for this property is $1,760,000.
    What are key features of this property?
    This property features: Brand‑New Absolute NNN Lease: Enjoy a 10‑year lease with tenant responsible for all expenses.; Value‑Add Upside: Approximately 6,700 SF on the 2nd and 3rd floors available for lease‑up or adaptive reuse.; Strong Tenant Guarantee: Backed by Mercy Dental Group, a Wisconsin‑based operator.
    (414) 390-1402
    We can help!
    Listing Contact
    Dan Rosenfeld
    Dan Rosenfeld
    Real Estate License ID: 55452
    Learn More
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