Historic Downtown Mixed-Use
146 S Main Street Lodi, WI 53555
For Sale
$200,000
COMMERCIAL - Lodi, WI
Property Size1,495 SF
Lot Size0.06 Acres
Price / SF$133.78
Days on Market11
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, Flat, Membrane
- Additional Structures
- Storage
Listing Agency:
Spencer Real Estate Group
(608) 841-2221
Listed By:
Spencer Schumacher · License #5801790
(608) 841-2221
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
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 features character-rich architecture alongside modern updates. The property is equipped with forced air heating and central air, and includes municipal utilities. A full basement is available with exterior access, providing practical storage space.
The building is located in downtown Lodi, near the intersection of Hwy 60 & 113, with on-site and nearby public parking for convenience.
The stained glass window was designed to depict the First Amendment, with letters spelling out Lodi. The space is described as versatile for retail, office, or service-based uses.
The building is located in downtown Lodi, near the intersection of Hwy 60 & 113, with on-site and nearby public parking for convenience.
The stained glass window was designed to depict the First Amendment, with letters spelling out Lodi. The space is described as versatile for retail, office, or service-based uses.
Key Highlights
- Historic building built in 1881 in downtown Lodi, offering a versatile space for retail, office, or service use
- Located near the intersection of Hwy 60 & 113 in Lodi
- Municipal utilities plus forced air heating and central air
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 8.88%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Prairie Winds Flower ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Retail space - Built in 1881, this downtown building includes forced air heating, central air, and a full basement with exterior access.
Where is this retail space 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, offering a versatile space for retail, office, or service use; Located near the intersection of Hwy 60 & 113 in Lodi; Municipal utilities plus forced air heating and central air
