Mixed-Use Property with
For Sale
$659,000
120 E Main St, Sun Prairie, WI 53590
Fully occupied building combines ground-floor commercial space with residential apartments and on-site parking.
Property Size5,388 SF
Price / SF$122.31
Days on Market54
Property Features for 120 E Main St
General Information
Standard status
Active
Size
5,388 SF
Total Parking Spaces
5
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Equipment Included
Yes
Building Details
Year Built
1914
Buildings
1
Tenancy
Multi
Listing Agency:
Stark Company, REALTORS
Listed By:
Matt Kornstedt · License #5435890
(608) 770-1754
Source:
Holtrealestateteam
Added: Aug 24
Changed: Oct 4
Last Checked: Oct 7 at 4:40PM
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 Stark Company, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1914, this 5,388-square-foot mixed-use building contains two first-floor commercial spaces and two second-floor one-bedroom apartments. The commercial component is occupied by a restaurant and a barbershop, while seller-owned restaurant equipment is included. The property is fully occupied and features separately metered electric and water service for the tenants.
Positioned at 120 E Main in Sun Prairie, the building occupies a visible corner along Main Street in the downtown area. Five on-site parking spaces serve the property. Additional physical improvements include a newer roof, updated electrical systems, and municipal water and sewer service.
Positioned at 120 E Main in Sun Prairie, the building occupies a visible corner along Main Street in the downtown area. Five on-site parking spaces serve the property. Additional physical improvements include a newer roof, updated electrical systems, and municipal water and sewer service.
Key Highlights
- 5,388 SF mixed‑use building with two commercial spaces and two 1‑bedroom apartments
- Fully occupied with restaurant and barbershop uses on the first floor
- Seller‑owned restaurant equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,652
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,040
$1.0M
Cap Rate 7%
$737,886
$737.9K
Cap Rate 9%
$573,911
$573.9K
Market Conditions
NOI Build-Up for 5,388 SF
Gross rent
$80.8K $15.00/SF
− Vacancy
−$7.0K −$1.31/SF
EGI
$73.8K $13.70/SF
− OpEx
−$22.1K −$4.11/SF
NOI
$51.7K $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%
$1,033,040
Cap Rate 7%
$737,886
Cap Rate 9%
$573,911
Alternative Uses
Best Use
Specialty Retail
$983.0K
$860.1K – $1.15M
NOI $68,810 @ 7.0% cap · market cap 10.44%
Second Best
Mixed Use
$935.2K
$818.3K – $1.09M
NOI $65,464 @ 7.0% cap · market cap 9.93%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,644 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 78%
Shops & Services 18%
Dining 4%
Pick 'n Save
Groceries
23,139 visits/mo
0.4 miles
BP
Shops & Services
5,422 visits/mo
0.4 miles
Milio's Sandwiches
Dining
1,057 visits/mo
0.3 miles
Demographics for 53590, WI
43,684
Population
18,292
Households
2.4
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
65.9 sq mi
ZIP Area
663
Density / Sq Mi
$96,497
Median Household Income
$57,711
Median Earnings
$1,375
Median Rent
$354,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied building combines ground-floor commercial space with residential apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 120 E Main St Sun Prairie, WI.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 5,388 SF mixed‑use building with two commercial spaces and two 1‑bedroom apartments; Fully occupied with restaurant and barbershop uses on the first floor; Seller‑owned restaurant equipment included in the sale
