Auto Repair and Service Garage
For Sale
$250,000
11569 S Business Highway 53, Solon Springs, WI 54873
CommercialSale, Solon Springs, WI
Property Size3,200 SF
Lot Size0.19 Acres
Price / SF$78.13
Days on Market133
Property Features for 11569 S Business Highway 53
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Interior features
Storage
Elementary school district
Solon Springs
Middle school district
Solon Springs
High school district
Solon Springs
Directions
From US Hwy 53 turn East on County A in Solon Springs. Right at stop sign onto Business Hwy 53 to property on Right.
Standard status
Active
APN
SS-181-00524-01
Size
3,200 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S-10' Lot 7, All 8, Blk 5, Charles Lord's Add to White Birch 26-45-12
Tax Annual Amount
2484
Legal Description
S-10' Lot 7, All 8, Blk 5, Charles Lord's Add to White Birch 26-45-12
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Private, Well
Amenities
service counter
restroom
overhead doors
Building Details
Year built
1980
Building materials
Steel
Additional Structures
Storage
Listing Agency:
Re/Max 4 Seasons, LLC
(715) 635-6500
Listed By:
Sara Haakenson · License #50283-94
(218) 730-8317
Added: Apr 10
Changed: Aug 19
Last Checked: Aug 20 at 1:06AM
MLS# 1599953
Copyright © 2026 REALTORS® Association of Northwestern 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 commercial auto repair and service building includes a customer-facing front area with a large service counter, with storage and a restroom in the central portion. The property also features a newer 36' x 30' attached garage addition with two 12-foot overhead doors and a 12,000 lb 4-post vehicle hoist, included, providing dedicated workspace for tools and equipment.
Built in 1980 with steel construction, the building has forced air heat and central air conditioning. Utilities include well water (private) and public sewer. The lot is 0.19 acres, and the property totals 3,200 square feet.
Located on S Business Highway 53 in Solon Springs, WI, the property benefits from easy customer access and visibility from the business highway corridor, with proximity to US Highway 53.
Built in 1980 with steel construction, the building has forced air heat and central air conditioning. Utilities include well water (private) and public sewer. The lot is 0.19 acres, and the property totals 3,200 square feet.
Located on S Business Highway 53 in Solon Springs, WI, the property benefits from easy customer access and visibility from the business highway corridor, with proximity to US Highway 53.
Key Highlights
- Newer 36' x 30' attached garage addition
- Two 12‑foot overhead doors plus 12,000 lb 4‑post vehicle hoist included
- Customer area with large service counter
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,680
$258.7K
Cap Rate 7%
$184,771
$184.8K
Cap Rate 9%
$143,711
$143.7K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$18.8K $5.88/SF
− Vacancy
−$339 −$0.11/SF
EGI
$18.5K $5.77/SF
− OpEx
−$5.5K −$1.73/SF
NOI
$12.9K $4.04/SF
Area
Douglas County, WI
Vacancy
1.80%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,680
Cap Rate 7%
$184,771
Cap Rate 9%
$143,711
Alternative Uses
Best Use
Retail
$561.0K
$490.9K – $654.5K
NOI $39,272 @ 7.0% cap · market cap 15.71%
Second Best
Industrial
$184.8K
$161.7K – $215.6K
NOI $12,934 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$1.01M
$882.8K – $1.18M
NOI $70,625 @ 7.0% cap · market cap 28.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54873, WI
3,009
Population
2,904
Households
1
Avg Household Size
54
Median Age
29%
College-Educated
95%
High-School Grad
265.2 sq mi
ZIP Area
11
Density / Sq Mi
$85,909
Median Household Income
$42,721
Median Earnings
$836
Median Rent
$232,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flamang Repair — 11381 S Business 53, Solon Springs, WI 54873
Frequently Asked Questions
What type of property is this?
Auto shop - Steel construction auto service building on Business Highway 53 with a newer attached garage addition and central storage.
Where is this auto shop located?
The property is located at 11569 S Business Highway 53 Solon Springs, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Newer 36' x 30' attached garage addition; Two 12‑foot overhead doors plus 12,000 lb 4‑post vehicle hoist included; Customer area with large service counter
