Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Mixed-Use Rock Building Title is generated by Realmo AI

    204 & 206 High Street, Mineral Point, WI 53565

    View on Map
    Claim this Listing
    For Sale
    $370,000

    Office,Restaurant/Supper Club,Retail - Mineral Point, WI

    Added:
    Feb 24, 2026
    Days on Market:
    99
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 204 & 206 High Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    commercial
    Standard status
    Active
    APN
    251-0070

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6872

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    8
    Building materials
    Stone
    Roof type
    Membrane, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Tibbits

    Listing agent Gary Tibbits

    Listing office All American Real Estate, LLC PO Box 190, Mineral Point, WI

    Listing date Feb 24, 2026

    MLS# 2010464 Listing URL

    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.

    HighLights

    • Historic stone building in Mineral Point's Historic and Business District.
    • Potential for 3 business entries.
    • Potential for 4 apartments.
    • Includes tax parcel 0071.
    • New electrical to be installed.
    • Roof is membrane and rubber.

    Overview

    An historic rock building in Mineral Point’s core, configured to support both income space and street-facing operations. The property presents potential for up to three business entries and includes apartment space within the structure, with plans described as accommodating four apartments. New electrical is scheduled to be installed in the building, supporting continued upgrades and future tenant use.

    The offering is located at 204 & 206 High Street in Mineral Point and includes tax parcel 0071 as part of the property. The upper portion of the building has an accepted offer and is intended to be sold separately, with two apartments above it.

    This is an appealing fit for buyers seeking a mixed-use, downtown-oriented asset with flexibility to position street-level space for food and beverage or retail, while maintaining residential income upstairs. The combination of multiple entries and planned electrical improvements may also help simplify future leasing and tenant buildouts in a historic setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mineral Point
    County
    Iowa
    State
    Wisconsin
    Longitude
    -90.180207
    Latitude
    42.859966

    Nearby Similar for Sale

    • $395,000

      Mixed-Use Flex and Industrial Property

      Three-building commercial property with radiant floor heat, flexible open space, and storage options suited for multiple business concepts.
      8 Commerce Street, Mineral Point, WI 53565
      View Details
    • $214,900

      Turnkey Restored Mixed-Use Building

      Move-in ready, recently restored interior with updated systems and finishes—currently operating as a day spa.
      234 High Street, Mineral Point, WI 53565
      View Details
    • $649,900

      Corner Mixed-Use Building

      Turnkey income opportunity with fully rented apartments and an established commercial lease, plus additional office suite flexibility.
      104 High Street, Mineral Point, WI 53565
      View Details
    • $225,000

      Mineral Point Duplex Investment Opportunity

      Duplex in Mineral Point with leases until June 2026.
      706 Fair Street, Mineral Point, WI 53565
      View Details
    • $429,900

      Two-Unit Townhouse-Style Duplex

      Built in the early 2000s, this flexible duplex setup supports rental income or adaptable single-family living options.
      149 & 151 Merry Christmas Lane, Mineral Point, WI 53565
      View Details
    • $450,000

      Historic Mixed-Use Building

      Restored historic building offers flexible commercial space plus fully renovated apartments and a large project-ready basement.
      252 High Street, Mineral Point, WI 53565
      View Details
    • $249,900

      Industrial Shop Condo Units

      Newly built shop condos with insulated, windowed garage doors and robust electrical for flexible business storage and service use.
      Tbd County Road O Road, Mineral Point, WI 53565
      View Details
    • $449,900

      New Shop Condo Warehouse Units

      Newly built shop condos offer oversized insulated garage doors, radiant heat, and convenient on-and-off ramp access.
      Tbd County Road O Road, Mineral Point, WI 53565
      View Details
    • $225,000

      Mineral Point Duplex Investment Opportunity

      Duplex in Mineral Point with leases until June 2026.
      706 Fair Street, Mineral Point, WI 53565
      View Details

    FAQs

    What type of property is this?
    Apartment building - Historic building with retail/restaurant potential, multiple entries, and apartments for a strong downtown-style investment profile.
    Where is this apartment building located?
    The property is located at 204 & 206 High Street Mineral Point, WI.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: Historic stone building in Mineral Point's Historic and Business District.; Potential for 3 business entries.; Potential for 4 apartments.
    (608) 574-2907
    We can help!
    Listing Contact
    Gary Tibbits
    Real Estate License ID: 4088890
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    204 & 206 High Street, Mineral Point, WI 53565
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!