Historic Downtown Retail
146 S Main Street Lodi, WI 53555
New
For Sale
$200,000
COMMERCIAL - Lodi, WI
Property Size1,495 SF
Lot Size0.06 Acres
Price / SF$133.78
Days on Market6
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 24
Changed: Jul 29
Last Checked: Jul 29 at 11:06PM
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, character-rich building was constructed in 1881 and is offered as a versatile commercial property. Interior systems include forced air heating and central air. A full basement with exterior access provides additional storage capability.
The property is located in the heart of downtown Lodi near the intersection of Hwy 60 and Hwy 113, supporting convenient access to surrounding areas. Municipal utilities are in place, and the area offers on-site and nearby public parking for customers and employees.
The building includes distinctive stained-glass artwork created for the owner of the Lodi Enterprise newspaper, depicting the First Amendment and featuring letters spelling out Lodi.
The property is located in the heart of downtown Lodi near the intersection of Hwy 60 and Hwy 113, supporting convenient access to surrounding areas. Municipal utilities are in place, and the area offers on-site and nearby public parking for customers and employees.
The building includes distinctive stained-glass artwork created for the owner of the Lodi Enterprise newspaper, depicting the First Amendment and featuring letters spelling out Lodi.
Key Highlights
- Historic building built in 1881 in downtown Lodi
- Roof system includes composition, flat, and membrane roofing
- Interior features include private restrooms, inside storage, and alley access
Financial Insights For Retail
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 | $23.9k | $15.96 |
| − Vacancy | −$2.0k | −$1.36 |
| EGI | $21.8k | $14.60 |
| − OpEx | −$6.5k | −$4.38 |
| NOI | $15.3k | $10.22 |
1,495 SF · lease $15.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$218.3K
$191.0K – $254.7K
NOI $15,282 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1881, the downtown building includes forced-air heat, central air, and a full basement with exterior access.
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; Roof system includes composition, flat, and membrane roofing; Interior features include private restrooms, inside storage, and alley access
