Medical Office Space with Reception
For Sale
Contact for pricing
215 N Spring Street, Beaver Dam, WI 53916
Business/Comm, Beaver Dam, WI
Property Size1,184 SF
Price / SF$12.16
Days on Market171
Property Features for 215 N Spring Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Offsite
Interior features
Public rest rooms, Reception area, Signage available
Lot features
Business district, Free standing, Shopping center
Directions
Located in 215 N. Spring St office building. Prior Dental Office Rental Space. Located on Main level.
Subdivision
BEAVER DAM - C
Standard status
Active
APN
206-1114-0421-041
Size
1,184 SF
Taxes and HOA fees
Tax Year
2026
Building Details
Year built
1970
Number of units
7
Roof type
Membrane, Flat
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(920) 885-3312
Listed By:
Sheri Huebner · License #477289010109
(920) 210-1026
Added: Apr 29
Changed: Oct 16
Last Checked: Oct 16 at 1:06PM
MLS# 2012637
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.
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Investment Insights
Based on property information with market context.
This 1,184-square-foot medical office property offers a practical layout for professional use, with a waiting room, reception area, four offices, and an adjoining room. New carpeting provides an updated interior finish, while signage is available for occupant identification. The main level includes a half bath, and the lower level provides two additional half baths. Public rest rooms are also listed among the interior features.
Built in 1970, the building has a flat membrane roof and commercial zoning. Parking is available along N Spring Street and in the rear lot. All utilities are included, supporting straightforward occupancy planning for a medical or office user.
Built in 1970, the building has a flat membrane roof and commercial zoning. Parking is available along N Spring Street and in the rear lot. All utilities are included, supporting straightforward occupancy planning for a medical or office user.
Key Highlights
- 1,184 square feet of medical office space
- Waiting room, reception area, 4 offices, and adjoining room
- New carpeting and signage availability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,746
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,920
$274.9K
Cap Rate 7%
$196,371
$196.4K
Cap Rate 9%
$152,733
$152.7K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$21.3K $18.00/SF
− Vacancy
−$3.0K −$2.52/SF
EGI
$18.3K $15.48/SF
− OpEx
−$4.6K −$3.87/SF
NOI
$13.7K $11.61/SF
Area
Dodge County, WI
Vacancy
14.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,920
Cap Rate 7%
$196,371
Cap Rate 9%
$152,733
Alternative Uses
Best Use
Healthcare Medical
$200.6K
$175.5K – $234.0K
NOI $14,040 @ 7.0% cap · market cap 97.50%
Second Best
Office B
$196.4K
$171.8K – $229.1K
NOI $13,746 @ 7.0% cap · market cap 95.46%
Theoretical Best
Office A
$257.2K
$225.1K – $300.1K
NOI $18,004 @ 7.0% cap · market cap 125.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53916, WI
23,057
Population
11,001
Households
2.1
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
103.6 sq mi
ZIP Area
223
Density / Sq Mi
$72,704
Median Household Income
$48,218
Median Earnings
$932
Median Rent
$212,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial office configuration with updated carpeting, multiple offices, restroom access, and included utilities.
Where is this medical office space located?
The property is located at 215 N Spring Street Beaver Dam, WI.
What are key features of this property?
This property features: 1,184 square feet of medical office space; Waiting room, reception area, 4 offices, and adjoining room; New carpeting and signage availability
