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    Commercial Property on Chippewa River Title is generated by Realmo AI

    116 W Main Street, Durand, WI 54736

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    For Sale
    $269,000

    COMMERCIAL - Durand, WI

    Property size:
    2,288 SF
    Price / SF:
    $117/SF
    Added:
    May 16, 2026
    Days on Market:
    4
    Last Refresh:
    May 19 at 11:06 am

    Property Features for 116 W Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    APN
    216-0008-0000
    Size
    2,288 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Easterly 1/2 of Lot #5 - Block #1 Range 1 West of Base line, City of Durand
    Tax Annual Amount
    1609

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater
    Cooling system
    Window Unit(s), Ductless
    Water source
    Public

    Building Details

    Building materials
    Brick

    We can help!

    Listing Contact
    Gregory Heit

    Listing agent Gregory Heit License #27026-90

    Listing office Heit Realty 118 W Main St, Durand, WI

    Listing date May 16, 2026

    MLS# 1601179

    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.

    HighLights

    • Prime location on the scenic Chippewa River in downtown Durand, WI.
    • Unique century‑old stone building with both residential and commercial income potential.
    • Currently generating income from a commercial lease (DMV) on the main level.
    • Includes a 2‑bedroom owner‑occupied apartment with fabulous river views.
    • Features a 24x30 cement block storage structure with concrete floor and loading dock.
    • Located in Durand, WI, a clean and safe small town with excellent schools and urban amenities.

    Overview

    This century-old stone structure is located on the scenic Chippewa River in downtown Durand, Wisconsin. The property features a two-bedroom apartment upstairs, currently occupied by the owner, described as a cabin-loft in progress with views of the river. The main level is a commercial space currently under lease. Attached to the back of the building is a 24x30 cement block storage structure with a concrete floor and loading dock. The buyer will be obligated to honor the terms and conditions of the State of Wisconsin lease. The property size is 2288 square feet. Durand is a small town with urban amenities and excellent schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Durand DMV Department Of Motor Vehicles

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Durand
    County
    Pepin
    State
    Wisconsin
    Longitude
    -91.967199
    Latitude
    44.628926

    Nearby Similar for Sale

    • $419,000
      4,000 SF

      Durand Commercial Building on Acreage

      Versatile commercial building on 7.88 acres near Durand, WI.
      N6649 State Highway 25, Durand, WI 54736
      View Details
    • $299,900
      3,600 SF

      Historic Mixed-Use Building, Durand, WI

      Historic mixed-use building with fitness center, yoga studio, and apartment.
      201 W Main, Durand, WI 54736
      View Details
    • $195,000
      1,540 SF

      Office, Eatery, Retail Space Available

      Commercial space overlooking Chippewa River suitable for office, eatery, retail.
      216 W Main St, Durand, WI 54736
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Century-old stone structure with commercial and residential spaces.
    Where is this mixed-use property located?
    The property is located at 116 W Main Street Durand, WI.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: Prime location on the scenic Chippewa River in downtown Durand, WI.; Unique century‑old stone building with both residential and commercial income potential.; Currently generating income from a commercial lease (DMV) on the main level.
    (715) 672-4224
    We can help!
    Listing Contact
    Gregory Heit
    Real Estate License ID: 27026-90
    Learn More
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    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
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