Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Somerset, WI Title is generated by Realmo AI

    108 MAIN St, Somerset, WI 54025

    View on Map
    Claim this Listing
    Picture of Commercial land at 108 MAIN St, Somerset, WI
    For Sale
    $159,000

    Lots & Land - Somerset, WI

    Lot size:
    0.68 Acres
    Added:
    Jul 22, 2025
    Days on Market:
    313
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 108 MAIN St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Business/Commercial
    Standard status
    Active
    APN
    181102850000
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David R Bracht
    David R Bracht

    Listing agent David R Bracht

    Listing office Property Executives Realty 125 2nd Street S, Hudson, WI

    Listing date Jul 22, 2025

    MLS# 6759545 Listing URL

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

    HighLights

    • $0 Real Estate taxes while Village owns it.
    • Potential for strip mall development (2/3 units).
    • Possibility of adding residential units above commercial space.
    • Location coordinates provided.
    • Opportunity to develop land owned by the Village of Somerset.
    • Lot will be taxed once sold.

    Overview

    This commercial land, owned by the Village of Somerset, is available for purchase. The property is approximately 0.68 acres and is zoned for business and commercial use. Real estate taxes are currently $0 due to Village ownership, but the lot will be taxed once sold. A conditional use permit from the Village is required for any use. The Village requires that the buyer build on the lot within a reasonable timeframe. One potential development idea is a strip mall with two or three units, potentially with a couple of residential units above.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    St. Croix
    State
    Wisconsin
    Longitude
    -92.6745315
    Latitude
    45.1243614

    Nearby Similar for Sale

    • $5,099,900

      Somerset Commercial Property with Warehouse

      Commercial property featuring warehouse, office space, and ample parking.
      454 County Road VV, Somerset, WI 54025
      View Details
    • $365,000

      9.55 Acres R2-Zoned Land

      Rare opportunity for a premier private estate in Somerset, WI.
      21xx 40th Street, Somerset, WI 54025
      View Details
    • $159,900

      St. Croix River Bluff Lots

      Executive lots with views, build your custom dream home!
      Xxx Lot 2 38th Street, Somerset, WI 54025
      View Details
    • $159,900

      St. Croix River Bluff Land

      Land for sale in White Pine Ridge neighborhood.
      Xxx Lot #3 38th Street, Somerset, WI 54025
      View Details
    • $40,000

      Land for Sale in Somerset

      2.75 acre commercial land available in Somerset, Wisconsin.
      2188 92nd Street, Somerset, WI 54025
      View Details
    • $149,900

      Residential Land in Somerset, Wisconsin

      Three-acre residential land parcel in a serene Somerset development.
      1730 42nd Street, Somerset, WI 54025
      View Details
    • $90,000

      Wooded Land Parcel For Sale

      Residential land for building a dream home in Somerset, WI.
      Tbd DeLong Road, Somerset, WI 54025
      View Details
    • Contact for pricing
      1,120 SF

      St. Croix Condo Garages

      Premium garage space in Somerset, WI with customizable options.
      273 Anderson Scout Camp Trl, Somerset, WI
      View Details
    • $1,075,000

      Residential Land with Auto Salvage

      94-acre residential land parcel with conditional use permit.
      1920 Hwy 35, Somerset, WI
      View Details
    • $229,000

      Somerset Land Along Church Hill

      0.33 acres of land suitable for office or retail.
      100 Church Hill Rd, Somerset, WI
      View Details
    • $229,000

      Development Land For Sale

      Single-tenant development land suitable for professional office or retail.
      100 Church Hill Rd, Somerset, WI 54025
      View Details
    • $339,850

      9.71 Acres Commercial Land Available

      9.71 acres of commercial land for sale.
      632 170th Ave, Somerset, WI 54025
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in Somerset, Wisconsin.
    Where is this commercial land located?
    The property is located at 108 MAIN St Somerset, WI.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: $0 Real Estate taxes while Village owns it.; Potential for strip mall development (2/3 units).; Possibility of adding residential units above commercial space.
    (715) 497-4806
    We can help!
    Listing Contact
    David R Bracht
    David R Bracht
    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
    108 MAIN St, Somerset, WI 54025
    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!