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: Oct 1 Last Checked: Oct 17 at 3:06AM

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MLS# 1978485

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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 / Yr

$8,047

Cap Rate

3.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$160,940 $160.9K

Cap Rate 7%

$114,957 $115.0K

Cap Rate 9%

$89,411 $89.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 800 SF

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 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. How Realmo checks its estimates

Property Analytics

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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

Similar Off Market Nearby

• Crimson Clover Floral — 1710 Pearl St, Bangor, WI 54614

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