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Historic Retail-Office Building

146 S Main Street Lodi, WI 53555

New
146 S Main Street, Lodi, WI, 53555
$200,000
For Sale
Claim this Listing
$200,000

COMMERCIAL - Lodi, WI

Property Size1,495 SF
Lot Size0.06 Acres
Price / SF$133.78
AddedJul 13
Days on Market3
Last RefreshJul 15 at 5:06 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
Composition, Membrane, 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.

Located at 146 S Main Street in Lodi, Wisconsin, this historic building was constructed in 1881 and offers flexible space suitable for retail, office, or service-oriented use. The property includes forced air heating and central air, and features a full basement with exterior access that can support added storage needs.

The building is described as being in the heart of downtown Lodi near the intersection of Hwy 60 and 113, which supports convenient access to surrounding areas. Municipal utilities are included, and on-site and nearby public parking are noted as providing convenience for visitors and employees.

A stained-glass window is highlighted in the remarks, including letters spelling out “Lodi” and a depiction intended to reference the First Amendment. Overall, the asset is positioned as a versatile downtown option with both interior comfort systems and basement access.

Key Highlights

  • Historic building built in 1881 in downtown Lodi
  • Versatile space for retail, office, or service‑based business uses
  • Roof includes composition, membrane, and flat roof surfaces

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 - Built in 1881 with forced-air heat, central air, and a full basement with exterior access for additional 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 building built in 1881 in downtown Lodi; Versatile space for retail, office, or service‑based business uses; Roof includes composition, membrane, and flat roof surfaces
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