Mixed-Use Building in Oregon
For Sale
$1,300,000
156 North Main Street, Oregon, WI 53575
Fully leased mixed-use building with diversified tenant pool.
Property Size9,778 SF
Lot Size0.53 Acres
Days on Market385
Property Features for 156 North Main Street
General Information
Standard status
Active
Size
9,778 SF
Lot size
0.53 Acres
Property subtype
Mixed Use
Zoning
Cntrl Biz
Building Details
Building Size
9,778 SF
Year Built
1930
Listing Agency:
RE/MAX
Listed By:
Joseph Voell
(608) 234-7208
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Sep 13
Last Checked: Oct 12 at 4:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX
Investment Insights
Based on property information with market context.
This fully leased, seven-unit mixed-use building is located in the heart of Oregon. The property features a diversified tenant pool, with four commercial tenants occupying the first floor and three apartment tenants on the second floor. Over $150,000 in improvements have been made in the last four years, including a new roof, tuck pointing, boilers, exterior work, and painting. The property is within walking distance of downtown Oregon and is immediately adjacent to public parking.
Key Highlights
- Fully leased 7‑unit mixed‑use building with diversified tenant pool (4 commercial, 3 apartment).
- Recent improvements totaling over $150k in the last four years including a new roof and boilers.
- Prime location in the heart of Oregon, walking distance to downtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,803
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,060
$2.4M
Cap Rate 7%
$1,697,186
$1.7M
Cap Rate 9%
$1,320,033
$1.3M
Market Conditions
NOI Build-Up for 9,778 SF
Gross rent
$211.2K $21.60/SF
− Vacancy
−$21.1K −$2.16/SF
EGI
$190.1K $19.44/SF
− OpEx
−$71.3K −$7.29/SF
NOI
$118.8K $12.15/SF
Area
Dane County, WI
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,060
Cap Rate 7%
$1,697,186
Cap Rate 9%
$1,320,033
Alternative Uses
Best Use
Mixed Use
$1.70M
$1.49M – $1.98M
NOI $118,803 @ 7.0% cap · market cap 9.14%
Second Best
Retail
$1.34M
$1.17M – $1.56M
NOI $93,737 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,054 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
11,280 visits/mo
0.2 miles
BMO Harris Bank
Shops & Services
1,358 visits/mo
0.2 miles
Demographics for 53575, WI
17,320
Population
7,036
Households
2.5
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
55.3 sq mi
ZIP Area
313
Density / Sq Mi
$110,388
Median Household Income
$64,251
Median Earnings
$1,223
Median Rent
$384,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use building with diversified tenant pool.
Where is this mixed-use property located?
The property is located at 156 North Main Street Oregon, WI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully leased 7‑unit mixed‑use building with diversified tenant pool (4 commercial, 3 apartment).; Recent improvements totaling over $150k in the last four years including a new roof and boilers.; Prime location in the heart of Oregon, walking distance to downtown.
