Building Details

Year built 1900

Architectural style Other

Listing Agency: RE/MAX Results · RE/MAX International k***@results.net Show Phone

Listed By: Patricia Evans · License #57230-90 Show Phone

Added: Aug 30 Changed: Sep 1 Last Checked: Sep 1 at 5:06PM

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MLS# 1978485

Copyright © 2026 Metro MLS. 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 restored storefront property offers 800 square feet within a rebuilt commercial building dating to 1900. The interior combines bright wall finishes with dark flooring, while original front-entry elements and decorative details remain in place. Windows that were previously partially covered now provide substantial natural light. A restroom, closet, and full basement support the usable interior, and a secondary entrance serves the rear of the building.

Located at 1535 Commercial St in downtown Bangor, the property is positioned within the village’s commercial area. The space has operated as a retail store and is zoned Commercial, providing a compact format for continued retail use or professional occupancy.

Key Highlights

• 800 SF storefront property on a 0.02‑acre lot
• Commercial zoning in downtown Bangor
• Rebuilt and restored commercial building with 1900 construction date

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$8,047

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.74%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$160,940 $160.9K

Cap Rate 7%

$114,957 $115.0K

Cap Rate 9%

$89,411 $89.4K

Market Conditions

NOI Build-Up for 800 SF 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.

Gross rent

$12.0K $15.00/SF

− Vacancy

−$504 −$0.63/SF

EGI

$11.5K $14.37/SF

− OpEx

−$3.4K −$4.31/SF

NOI

$8.0K $10.06/SF

Area

La Crosse County, WI

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$160,940

Cap Rate 7%

$114,957

Cap Rate 9%

$89,411

Alternative Uses

Best Use

Retail

$115.0K

$100.6K – $134.1K (±1% cap)

NOI $8,047 @ 7.0% cap · market cap 3.74%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$175.0K

$153.1K – $204.1K (±1% cap)

NOI $12,247 @ 7.0% cap · market cap 5.70%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility Plumbing Service Furniture & Home Goods Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

7k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 100%

Hansen's IGA Bangor Groceries

6,892 visits/mo 0.3 miles

Demographics for 54614, WI

2,850

Population

1,151

Households

2.5

Avg Household Size

42

Median Age

25%

College-Educated

96%

High-School Grad

78.7 sq mi

ZIP Area

36

Density / Sq Mi

$81,302

Median Household Income

$46,250

Median Earnings

$898

Median Rent

$238,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercially zoned space with a full basement, restroom, closet, and rear entrance.

Where is this storefront property located?

The property is located at 1535 Commercial St Bangor, WI.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: 800 SF storefront property on a 0.02‑acre lot; Commercial zoning in downtown Bangor; Rebuilt and restored commercial building with 1900 construction date