Mixed-Use Storefront with Upper
For Sale
$499,900
108-184 W Main Street, Stoughton, WI 53589
Business/Comm, Stoughton, WI
Property Size4,246 SF
Lot Size0.06 Acres
Price / SF$117.73
Days on Market54
Property Features for 108-184 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Parking features
None
Lot features
Business district, High Traffic Location, High Visibility, Shopping center
Directions
Main Street Stoughton
Subdivision
STOUGHTON - C
Standard status
Active
APN
0511-082-1570-8
Size
4,246 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7627
Building Details
Year built
1890
Number of units
2
Roof type
Flat
Listing Agency:
Preferred Realty Group
(608) 829-5000
Listed By:
Kelly Haase · License #3224794
(608) 206-1209
Added: Aug 24
Changed: Oct 16
Last Checked: Oct 16 at 6:06PM
MLS# 2030886
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,246-square-foot mixed-use property at 108-184 W Main Street combines a street-level commercial area with display windows and tall ceilings. The building also provides an upper-level apartment or office area and a full basement for storage. Its commercial layout may accommodate a bar use, subject to applicable approvals.
Constructed in 1890 on a 0.061-acre lot, the property has a flat roof and no designated parking. Improvements completed in 2023 included the water heater, water softener, chimney liner, heating and AC systems, roof, and plumbing. The Stoughton location offers both pedestrian and drive-by exposure along W Main Street.
Constructed in 1890 on a 0.061-acre lot, the property has a flat roof and no designated parking. Improvements completed in 2023 included the water heater, water softener, chimney liner, heating and AC systems, roof, and plumbing. The Stoughton location offers both pedestrian and drive-by exposure along W Main Street.
Key Highlights
- 4,246‑square‑foot mixed‑use property on a 0.061‑acre lot
- Street‑level commercial area with display windows and tall ceilings
- Upper apartment or office area plus a full basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,704
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,080
$814.1K
Cap Rate 7%
$581,486
$581.5K
Cap Rate 9%
$452,267
$452.3K
Market Conditions
NOI Build-Up for 4,246 SF
Gross rent
$63.7K $15.00/SF
− Vacancy
−$5.5K −$1.31/SF
EGI
$58.1K $13.70/SF
− OpEx
−$17.4K −$4.11/SF
NOI
$40.7K $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%
$814,080
Cap Rate 7%
$581,486
Cap Rate 9%
$452,267
Alternative Uses
Best Use
Mixed Use
$737.0K
$644.9K – $859.8K
NOI $51,589 @ 7.0% cap · market cap 10.32%
Second Best
Retail
$581.5K
$508.8K – $678.4K
NOI $40,704 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$986.7K
$863.4K – $1.15M
NOI $69,068 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 53589, WI
19,888
Population
9,014
Households
2.2
Avg Household Size
45
Median Age
40%
College-Educated
96%
High-School Grad
85.0 sq mi
ZIP Area
234
Density / Sq Mi
$93,509
Median Household Income
$52,809
Median Earnings
$1,150
Median Rent
$318,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space includes display windows, tall ceilings, an upper apartment or office area, and basement storage.
Where is this mixed-use property located?
The property is located at 108-184 W Main Street Stoughton, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4,246‑square‑foot mixed‑use property on a 0.061‑acre lot; Street‑level commercial area with display windows and tall ceilings; Upper apartment or office area plus a full basement for storage
