Former Convenience
For Sale
$350,000
306 E Main, Reedsburg, WI 53959
Former c-store space sits on a hard corner at the intersection of N Park St and E Main St.
Property Size1,392 SF
Price / SF$251.44
Days on Market188
Property Features for 306 E Main
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Commercial
Building Details
Year Built
1965
Listing Agency:
Madison Commercial Real Estate LLC
Listed By:
Mike Herl · License #5120090
(608) 212-4623
Source:
Madisonareahomesforsale
Added: Apr 19
Changed: Oct 1
Last Checked: Oct 23 at 7:13AM
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 Madison Commercial Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a former c-store that previously operated as a SQLC convenience store. It is suited for a retail or convenience-based reuse, with the existing hard-corner retail presence supporting walk-in and roadside visibility.
The location is described as a hard corner at the intersection of N Park St and E Main St, at 306 E Main St in Reedsburg, WI.
The offering is for sale.
The location is described as a hard corner at the intersection of N Park St and E Main St, at 306 E Main St in Reedsburg, WI.
The offering is for sale.
Key Highlights
- Former c‑store space on the hard corner of N Park St and E Main St
- Located at the intersection of N Park St & E Main St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,303
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,060
$366.1K
Cap Rate 7%
$261,471
$261.5K
Cap Rate 9%
$203,367
$203.4K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$25.1K $18.00/SF
− Vacancy
−$651 −$0.47/SF
EGI
$24.4K $17.53/SF
− OpEx
−$6.1K −$4.38/SF
NOI
$18.3K $13.15/SF
Area
Sauk County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,060
Cap Rate 7%
$261,471
Cap Rate 9%
$203,367
Alternative Uses
Best Use
Specialty Retail
$261.5K
$228.8K – $305.1K
NOI $18,303 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$200.4K
$175.4K – $233.9K
NOI $14,031 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 100%
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
Frequently Asked Questions
What type of property is this?
Gas station - Former c-store space sits on a hard corner at the intersection of N Park St and E Main St.
Where is this gas station located?
The property is located at 306 E Main Reedsburg, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Former c‑store space on the hard corner of N Park St and E Main St; Located at the intersection of N Park St & E Main St
