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Historic Downtown Mixed-Use Building

146 S Main Street Lodi, WI 53555

Claim this Listing
New
For Sale
$200,000

COMMERCIAL - Lodi, WI

Property size:
1,495 SF
Lot size:
0.06 Acres
Price / SF:
$133.78/SF
Added:
Jul 13, 2026
Days on Market:
1
Last Refresh:
Jul 13 at 9:06 pm

Property Features for 146 S Main Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Interior features
Alley, Private Restrooms, Less than 440 volt, Inside storage
Standard status
Active
APN
11246 231.04
Size
1,495 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
3062

Building Details

Year built
1881
Number of units
1
Roof type
Membrane, Composition, Flat
Additional Structures
Storage

Listing agent Spencer Schumacher License #5801790

Listing office Spencer Real Estate Group 6733 Frank Lloyd Wright Ave, Middleton, WI

Listing date Jul 13, 2026

MLS# 2020189

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.

This historic downtown building was constructed in 1881 and offers versatile space suitable for a range of business uses. Improvements include forced air heating and central air, and the property features a full basement with exterior access that can support additional storage. Character elements include stained glass windowwork associated with the Lodi Enterprise newspaper.

The property is located in downtown Lodi at 146 S Main Street, near the intersection of Hwy 60 and 113. Public parking is available on-site and nearby for customer and employee convenience.

Zoned Commercial (Comm), the building is supported by municipal utilities and includes a full basement layout with exterior entry.

Key Highlights

  • Historic downtown Lodi building built in 1881 with versatile space for retail, office, or service uses
  • Municipal utilities plus forced air heating and central air
  • Full basement with exterior access for additional storage

Local 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 (±1% cap)
NOI $17,751 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$218.3K
$191.0K – $254.7K (±1% cap)
NOI $15,282 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$335.9K
$293.9K – $391.9K (±1% cap)
NOI $23,511 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Prairie Winds Flower ... (Bike/Boat/Book/etc) Store

Suggested Use

Dental Office HVAC Service Pharmacy Bakery (Bike/Boat/Book/etc) Store Real Estate Agency Storage Facility (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Storefront property - Historic building with forced air heating, central air, and a basement with exterior access for storage.
Where is this storefront property located?
The property is located at 146 S Main Street 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 downtown Lodi building built in 1881 with versatile space for retail, office, or service uses; Municipal utilities plus forced air heating and central air; Full basement with exterior access for additional storage
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