Building Details

Building Size 1,680 SF

Year Built 1877

Year Renovated 2014

Buildings 1

Listing Agency: First Weber, Inc

Listed By: Bart Baker · License #6995994 Show Phone

Source: Conradrealty

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 5:38PM

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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 First Weber, Inc

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Investment Insights

Based on property information with market context.

This Reedsburg storefront has 1,680 square feet on the main level, with a large display window, reception area, waiting space, private offices, a break room, two bathrooms, and storage. The building was remodeled in 2014 and has a steel roof installed in 2019. A full unfinished basement provides additional space, while the upper level has architectural plans and structural support for an elevator. The property is zoned Comm.

Key Highlights

• 1,680 square feet on the main level
• Large display window, reception, waiting area, private offices, break room, 2 bathrooms, and storage
• Remodeled in 2014; steel roof installed in 2019

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,934

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,680 $338.7K

Cap Rate 7%

$241,914 $241.9K

Cap Rate 9%

$188,156 $188.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$25.2K $15.00/SF

− Vacancy

−$1.0K −$0.60/SF

EGI

$24.2K $14.40/SF

− OpEx

−$7.3K −$4.32/SF

NOI

$16.9K $10.08/SF

Area

Sauk County, WI

Vacancy

4.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,680

Cap Rate 7%

$241,914

Cap Rate 9%

$188,156

Alternative Uses

Best Use

Retail

$241.9K

$211.7K – $282.2K (±1% cap)

NOI $16,934 @ 7.0% cap · market cap 8.47%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$340.1K

$297.6K – $396.8K (±1% cap)

NOI $23,805 @ 7.0% cap · market cap 11.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Worksite Wellness Center Medical Clinic

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Bakery Furniture & Home Goods Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

452

Businesses Nearby

18k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 93% Electronics 7%

Kwik Trip Shops & Services

17,067 visits/mo 0.4 miles

U.S. Cellular Electronics

1,206 visits/mo 0.1 miles

Demographics for 53959, WI

14,298

Population

5,930

Households

2.4

Avg Household Size

41

Median Age

25%

College-Educated

94%

High-School Grad

111.6 sq mi

ZIP Area

128

Density / Sq Mi

$76,313

Median Household Income

$41,886

Median Earnings

$954

Median Rent

$240,500

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

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Similar Off Market Nearby

• Country Charm Fresh Floral & Gifts — 147 E Main St, Reedsburg, WI 53959
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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial zoning and a layout with private offices, reception, and waiting space offer practical flexibility for business operations.

Where is this storefront property located?

The property is located at 223 E Main Street Reedsburg, WI.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: 1,680 square feet on the main level; Large display window, reception, waiting area, private offices, break room, 2 bathrooms, and storage; Remodeled in 2014; steel roof installed in 2019