Mixed-Use Building with River
209 S Main St, Jefferson, WI 53549
For Sale
$384,900
Ground-floor bar space is paired with a renovated apartment and private outdoor areas.
Property Size2,000 SF
Price / SF$192.45
Days on Market281
Property Features for 209 S Main St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Liquor License
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Integrity Group - Jefferson
(920) 674-2041
Listed By:
Maria Morgan
(920) 220-9670
Source:
Esorgroup
Added: Feb 2
Changed: Nov 7
Last Checked: Nov 8 at 2:36AM
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 Century 21 Integrity Group - Jefferson
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Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property has a bar on the first floor and a renovated apartment above. The apartment includes custom maple cabinetry, engineered quartz counters, in-floor heat in the kitchen and bathroom, a walk-in pantry, and a full-size laundry room beside the kitchen. A private deck and fenced garden provide outdoor space, with the deck looking toward the river.
The ground-floor bar may be reconfigured; establishing a liquor license requires an application to the City of Jefferson and is subject to approval. The property is zoned DHMU.
The ground-floor bar may be reconfigured; establishing a liquor license requires an application to the City of Jefferson and is subject to approval. The property is zoned DHMU.
Key Highlights
- Renovated upper‑level apartment with custom maple cabinetry and engineered quartz countertops
- In‑floor heating in the apartment’s kitchen and bathroom
- Private deck overlooking the river
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,486
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,720
$389.7K
Cap Rate 7%
$278,371
$278.4K
Cap Rate 9%
$216,511
$216.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$27.1K $13.56/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$26.0K $12.99/SF
− OpEx
−$6.5K −$3.25/SF
NOI
$19.5K $9.74/SF
Area
Jefferson County, WI
Vacancy
4.20%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,720
Cap Rate 7%
$278,371
Cap Rate 9%
$216,511
Alternative Uses
Best Use
Specialty Retail
$278.4K
$243.6K – $324.8K
NOI $19,486 @ 7.0% cap · market cap 5.06%
Second Best
Mixed Use
$245.1K
$214.5K – $286.0K
NOI $17,160 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$469.4K
$410.8K – $547.7K
NOI $32,861 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
9,390 visits/mo
0.3 miles
Jefferson
Shops & Services
6,102 visits/mo
0.4 miles
BP
Shops & Services
2,445 visits/mo
0.2 miles
Associated Bank
Shops & Services
2,163 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
1,570 visits/mo
0.2 miles
Demographics for 53549, WI
10,199
Population
4,544
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
71.1 sq mi
ZIP Area
143
Density / Sq Mi
$78,058
Median Household Income
$47,266
Median Earnings
$1,035
Median Rent
$247,200
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor bar space is paired with a renovated apartment and private outdoor areas.
Where is this mixed-use property located?
The property is located at 209 S Main St Jefferson, WI.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Renovated upper‑level apartment with custom maple cabinetry and engineered quartz countertops; In‑floor heating in the apartment’s kitchen and bathroom; Private deck overlooking the river
