Historic Downtown Mixed-Use
For Sale
$200,000
146 S Main, Lodi, WI 53555
Historic building built in 1881 with forced air heating, central air, and a full basement with exterior access.
Property Size1,495 SF
Price / SF$133.78
Days on Market198
Property Features for 146 S Main
General Information
Standard status
Active
Size
1,495 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1881
Listing Agency:
Spencer Real Estate Group
Listed By:
Spencer Schumacher · License #5801790
(608) 841-2221
Source:
Madisonareahomelistings
Added: Apr 9
Changed: Oct 21
Last Checked: Oct 23 at 7:07AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$17,751
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,020
$355.0K
Cap Rate 7%
$253,586
$253.6K
Cap Rate 9%
$197,233
$197.2K
Market Conditions
NOI Build-Up for 1,495 SF
Gross rent
$30.0K $20.04/SF
− Vacancy
−$6.3K −$4.21/SF
EGI
$23.7K $15.83/SF
− OpEx
−$5.9K −$3.96/SF
NOI
$17.8K $11.87/SF
Area
Columbia County, WI
Vacancy
21.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,020
Cap Rate 7%
$253,586
Cap Rate 9%
$197,233
Alternative Uses
Best Use
Office B
$253.6K
$221.9K – $295.9K
NOI $17,751 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$218.3K
$191.0K – $254.7K
NOI $15,282 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 53555, WI
8,529
Population
4,523
Households
1.9
Avg Household Size
46
Median Age
39%
College-Educated
99%
High-School Grad
75.7 sq mi
ZIP Area
113
Density / Sq Mi
$110,926
Median Household Income
$57,643
Median Earnings
$1,247
Median Rent
$359,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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 $200,000.
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
