Building Details

Year built 1868

Number of units 2

Roof type Membrane, Flat

Listing Agency: RE/MAX Preferred · RE/MAX International n***@gmail.com Show Phone

Listed By: Julia Oellerich · License #93815-94 Show Phone

Added: Sep 27 Changed: Sep 30 Last Checked: Oct 7 at 5:06PM

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MLS# 2033552

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.

Investment Insights

Based on property information with market context.

At 33 High Street in Mineral Point, this 1,694-square-foot mixed-use property pairs a ground-floor retail space with a one-bedroom, one-bath apartment on the upper level. Both spaces are currently leased. The building dates to 1868 and has a flat membrane roof; reported improvements include work to the roof, HVAC, electrical, plumbing, and structural components. The apartment has undergone a full renovation, while the retail area retains hardwood flooring, exposed stone, tin ceilings, and crown molding. The brick exterior has also been maintained.

The property is in Mineral Point’s historic district. Arched apartment windows face High Street. The upper unit has previously been used for Airbnb stays.

Key Highlights

• 1,694 square feet with ground‑floor retail and an upper‑level one‑bedroom, one‑bath apartment
• Both the retail space and apartment are currently leased
• Built in 1868; flat membrane roof

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,230

Cap Rate

8.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$484,600 $484.6K

Cap Rate 7%

$346,143 $346.1K

Cap Rate 9%

$269,222 $269.2K

Market Conditions

NOI Build-Up for 1,694 SF

Gross rent

$36.6K $21.60/SF

− Vacancy

−$2.0K −$1.17/SF

EGI

$34.6K $20.43/SF

− OpEx

−$10.4K −$6.13/SF

NOI

$24.2K $14.30/SF

Area

Iowa County, WI

Vacancy

5.40%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$484,600

Cap Rate 7%

$346,143

Cap Rate 9%

$269,222

Alternative Uses

Best Use

Retail

$346.1K

$302.9K – $403.8K (±1% cap)

NOI $24,230 @ 7.0% cap · market cap 8.08%

Second Best

Mixed Use

$334.0K

$292.2K – $389.6K (±1% cap)

NOI $23,377 @ 7.0% cap · market cap 7.79%

Theoretical Best

Office A

$494.8K

$433.0K – $577.3K (±1% cap)

NOI $34,639 @ 7.0% cap · market cap 11.55%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Lo Vin & Co Clothing Store Worksite Insurance Services Insurance Agency Worksite Insurance Services, ... Insurance Agency

Suggested Use

Top Pick Dental Office Law Firm Pharmacy Auto Parts Store Grocery & Convenience Store Kitchen & Bath Showroom

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

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

351

Businesses Nearby

Explore this area Business Placement

Demographics for 53565, WI

4,899

Population

2,026

Households

2.4

Avg Household Size

45

Median Age

31%

College-Educated

95%

High-School Grad

186.0 sq mi

ZIP Area

26

Density / Sq Mi

$81,362

Median Household Income

$47,060

Median Earnings

$805

Median Rent

$254,200

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A street-level shop and one-bedroom apartment offer separate commercial and residential spaces, both currently leased.

Where is this mixed-use property located?

The property is located at 33 High Street Mineral Point, WI.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 1,694 square feet with ground‑floor retail and an upper‑level one‑bedroom, one‑bath apartment; Both the retail space and apartment are currently leased; Built in 1868; flat membrane roof