Downtown Augusta Commercial
For Sale
$184,900
134 W Lincoln St, Augusta, WI 54722
Iconic building in downtown Augusta, Wisconsin, with versatile space.
Property Size1,088 SF
Price / SF$169.94
Days on Market152
Property Features for 134 W Lincoln St
General Information
Standard status
Active
Size
1,088 SF
Taxes and HOA fees
Annual Taxes
$1,439
Listing Agency:
CB Brenizer/Eau Claire
(715) 835-4344
Listed By:
Zina Obaid · License #79856-94
(715) 835-4344
Source:
Exprealty
Added: Mar 27
Changed: Aug 20
Last Checked: Aug 25 at 8:19AM
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 CB Brenizer/Eau Claire
Investment Insights
Based on property information with market context.
This commercial building is located in downtown Augusta, Wisconsin, on Lincoln Street. The main level features a versatile space that has been used as a bank, storefront, cafe, and catering business. The layout includes a 510 sq ft dining or retail area and a 550 sq ft back room/kitchen area. This makes it suitable for a restaurant, bakery, catering operation, or other foodservice concept. The open floor plan is also adaptable to boutique retail, office space, or professional services. The full basement offers 470 sq ft, partially finished and plumbed for a second bathroom, suitable for additional storage, prep space, or future expansion. The main level includes a full bathroom. The property is connected to city sewer and water. A second parcel is included behind the building, complete with a 16? x 21? storage building. The property is located alongside a veterans memorial.
Key Highlights
- Prime downtown location on Lincoln Street, next to a veterans memorial, ensuring high visibility and foot traffic.
- Versatile main‑level space with a 510 sq ft dining/retail area and 550 sq ft back room/kitchen, ideal for foodservice.
- Includes a second parcel with a 16' x 21' storage building for inventory or expansion.
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
$15,069
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
8.15%
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%
$301,380
$301.4K
Cap Rate 7%
$215,271
$215.3K
Cap Rate 9%
$167,433
$167.4K
Market Conditions
NOI Build-Up for 1,088 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
$20.6K $18.96/SF
− Vacancy
−$536 −$0.49/SF
EGI
$20.1K $18.47/SF
− OpEx
−$5.0K −$4.62/SF
NOI
$15.1K $13.85/SF
Area
Eau Claire County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$301,380
Cap Rate 7%
$215,271
Cap Rate 9%
$167,433
Alternative Uses
Best Use
Specialty Retail
$215.3K
$188.4K – $251.2K
NOI $15,069 @ 7.0% cap · market cap 8.15%
Second Best
Retail
$147.3K
$128.9K – $171.8K
NOI $10,310 @ 7.0% cap · market cap 5.58%
Theoretical Best
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,954 @ 7.0% cap · market cap 46.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54722, WI
4,312
Population
1,846
Households
2.3
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
148.6 sq mi
ZIP Area
29
Density / Sq Mi
$66,500
Median Household Income
$44,715
Median Earnings
$812
Median Rent
$220,300
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
- Sweet Clarissi Catering — 134 W Lincoln St, Augusta, WI 54722
Frequently Asked Questions
What type of property is this?
Restaurant - Iconic building in downtown Augusta, Wisconsin, with versatile space.
Where is this restaurant located?
The property is located at 134 W Lincoln St Augusta, WI.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Prime downtown location on Lincoln Street, next to a veterans memorial, ensuring high visibility and foot traffic.; Versatile main‑level space with a 510 sq ft dining/retail area and 550 sq ft back room/kitchen, ideal for foodservice.; Includes a second parcel with a 16' x 21' storage building for inventory or expansion.
