Waterfront Mixed-Use
For Sale
$695,000
127 W Main Street, Belleville, WI 53508
COMMERCIAL - Belleville, WI
Property Size3,461 SF
Lot Size0.14 Acres
Price / SF$200.81
Days on Market83
Property Features for 127 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking features
Offsite
Interior features
Private Restrooms, Residential unit(s)
Lot features
Business district, Free standing, Near Major Highway
Directions
From Hwy 69, W on W Main St.
Subdivision
BELLEVILLE - V
Standard status
Active
APN
0508-343-7094-4
Size
3,461 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5105
Building Details
Year built
1920
Number of units
2
Roof type
Membrane, Flat, Composition
Listing Agency:
EXIT Professional Real Estate · EXIT Realty
(608) 426-7111
Listed By:
Christina Buol
(608) 469-0833
Added: May 15
Changed: Aug 5
Last Checked: Aug 5 at 12:06PM
MLS# 2017131
Copyright © 2026 REALTORS® Association of South Central 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.
Located at 127 W Main Street in Belleville, this mixed-use property combines an operating bar and restaurant setting with residential space above. The commercial portion includes indoor and outdoor seating and private restrooms, while the second floor contains updated living quarters suitable for owner occupancy or residential use. The property encompasses 3,461 square feet on 0.14 acres and was built in 1920.
Recent work includes a new steam boiler installed in 2021, attic insulation added in 2025, electrical and plumbing updates, and newer flooring. The remodeled apartment features new cabinets and countertops, refinished original wood floors, updated lighting, four mini-split units, and fresh paint. Positioned on Lake Belle View, the property is near the Badger State Trail and offers offsite parking. Zoning is Comm, with a membrane, flat, and composition roof.
Recent work includes a new steam boiler installed in 2021, attic insulation added in 2025, electrical and plumbing updates, and newer flooring. The remodeled apartment features new cabinets and countertops, refinished original wood floors, updated lighting, four mini-split units, and fresh paint. Positioned on Lake Belle View, the property is near the Badger State Trail and offers offsite parking. Zoning is Comm, with a membrane, flat, and composition roof.
Key Highlights
- Waterfront bar and restaurant property on Lake Belle View
- 3,461‑square‑foot mixed‑use property on 0.14 acres
- Remodeled second‑floor apartment with four mini‑split units
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.3k | $18.00 |
| − Vacancy | −$3.4k | −$0.97 |
| EGI | $58.9k | $17.03 |
| − OpEx | −$14.7k | −$4.26 |
| NOI | $44.2k | $12.77 |
3,461 SF · lease $18.00/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$631.4K
$552.5K – $736.7K
NOI $44,200 @ 7.0% cap · market cap 6.36%
Second Best
Mixed Use
$600.7K
$525.6K – $700.9K
NOI $42,051 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$804.3K
$703.7K – $938.3K
NOI $56,298 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 53508, WI
5,477
Population
2,421
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
97%
High-School Grad
67.9 sq mi
ZIP Area
81
Density / Sq Mi
$95,577
Median Household Income
$51,021
Median Earnings
$1,002
Median Rent
$330,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Bar and restaurant space with remodeled second-floor living quarters.
Where is this mixed-use property located?
The property is located at 127 W Main Street Belleville, WI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Waterfront bar and restaurant property on Lake Belle View; 3,461‑square‑foot mixed‑use property on 0.14 acres; Remodeled second‑floor apartment with four mini‑split units
