Historic Downtown Mixed-Use
146 S Main Lodi, WI 53555
For Sale
Contact for pricing
Historic building built in 1881 with forced air heating, central air, and a full basement with exterior access.
Property Size1,495 SF
Price / SF$143.81
Days on Market106
Property Features for 146 S Main
General Information
- Standard status
- Active
- Size
- 1,495 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1881
Listing Agency:
Spencer Real Estate Group
(608) 841-2221
Listed By:
Spencer Schumacher · License #58017-90
Source:
Crexi
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 1:15AM
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 Spencer Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1881, this historic downtown building offers a versatile layout suitable for retail, office, or service-based uses. The property includes forced air heating and central air, along with municipal utilities. A full basement with exterior access provides additional storage capability.
Located in the heart of downtown Lodi near the intersection of Hwy 60 & 113, the building benefits from visibility and convenient access to surrounding areas, including Madison. On-site and nearby public parking are available for customers and employees.
The building features a stained glass window created for the owner of the Lodi Enterprise newspaper, depicting the First Amendment with the letters spelling out Lodi.
Located in the heart of downtown Lodi near the intersection of Hwy 60 & 113, the building benefits from visibility and convenient access to surrounding areas, including Madison. On-site and nearby public parking are available for customers and employees.
The building features a stained glass window created for the owner of the Lodi Enterprise newspaper, depicting the First Amendment with the letters spelling out Lodi.
Key Highlights
- Historic building built in 1881 located in downtown Lodi near the intersection of Hwy 60 & 113
- Forced air heating plus central air
- Full basement with exterior access for additional storage
Financial Insights For Office B
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 | $30.0k | $20.04 |
| − Vacancy | −$6.3k | −$4.21 |
| EGI | $23.7k | $15.83 |
| − OpEx | −$5.9k | −$3.96 |
| NOI | $17.8k | $11.87 |
1,495 SF · lease $20.04/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$253.6K
$221.9K – $295.9K
NOI $17,751 @ 7.0% cap · market cap 8.26%
Second Best
Retail
$218.3K
$191.0K – $254.7K
NOI $15,282 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Prairie Winds Flower ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Storefront property - Historic building built in 1881 with forced air heating, central air, and a full basement with exterior access.
Where is this storefront property located?
The property is located at 146 S Main Lodi, WI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Historic building built in 1881 located in downtown Lodi near the intersection of Hwy 60 & 113; Forced air heating plus central air; Full basement with exterior access for additional storage
