Mixed-Use Property with
For Sale
$499,900
108-184 W Main St, Stoughton, WI 53589
Storefront space with an upper-level apartment or office area and full basement storage.
Property Size4,246 SF
Price / SF$117.73
Days on Market53
Property Features for 108-184 W Main St
General Information
Standard status
Active
Size
4,246 SF
Amenities
display windows
tall ceilings
full basement
Building Details
Year Built
1890
Buildings
1
Listing Agency:
Preferred Realty Group
Listed By:
Kelly Haase · License #3224794
(608) 206-1209
Source:
Soldinmadison
Added: Aug 23
Changed: Sep 3
Last Checked: Oct 12 at 8:11PM
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 Preferred Realty Group
Investment Insights
Based on property information with market context.
This 4,246-square-foot mixed-use property combines a street-level storefront with display windows and tall ceilings. The building includes an upper area suited to apartment or office use, along with a full basement providing storage and additional commercial-use space.
Located in downtown Stoughton at 124 W Main St, the property benefits from both pedestrian and drive-by exposure. Built in 1890, it received several updates in 2023, including the water heater, water softener, chimney liner, heating and AC systems, roof, and plumbing.
Located in downtown Stoughton at 124 W Main St, the property benefits from both pedestrian and drive-by exposure. Built in 1890, it received several updates in 2023, including the water heater, water softener, chimney liner, heating and AC systems, roof, and plumbing.
Key Highlights
- 4,246 SF mixed‑use property at 124 W Main St, Stoughton, WI 53589
- Street‑level storefront with display windows and tall ceilings
- Upper area configured for apartment or office use
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
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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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Storefront space with an upper-level apartment or office area and full basement storage.
Where is this mixed-use property located?
The property is located at 108-184 W Main St 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 SF mixed‑use property at 124 W Main St, Stoughton, WI 53589; Street‑level storefront with display windows and tall ceilings; Upper area configured for apartment or office use
