Mixed-Use Building with
New
For Sale
$299,900
33 High Street, Mineral Point, WI 53565
Business/Comm, Mineral Point, WI
Property Size1,694 SF
Lot Size0.03 Acres
Price / SF$177.04
Days on Market3
Property Features for 33 High Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
Business district, High Visibility
Directions
Take exit 40. Turn left onto US-151 BUS/WI-23. Turn left onto Commerce St. Turn right onto High Street. Property on Right.
Subdivision
MINERAL POINT - C
Standard status
Active
APN
251-0115
Size
1,694 SF
Lot size
0.03 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3043
Building Details
Year built
1868
Number of units
2
Roof type
Flat, Membrane
Listing Agency:
RE/MAX Preferred · RE/MAX International
(608) 574-9145
Listed By:
Julia Oellerich
(608) 574-7092
Added: Oct 23
Last Checked: Oct 25 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,694-square-foot mixed-use building combines ground-floor retail with a one-bedroom, one-bath apartment above. The apartment has been fully renovated, while the retail area retains hardwood floors, exposed stone, tin ceilings, and ornate crown molding. The original brick exterior dates to the building’s 1868 construction. Roof, HVAC, electrical, plumbing, and structural improvements have also been completed.
Both spaces are leased. The upper apartment has also been operated as an Airbnb. The property occupies a 0.03-acre site at 33 High Street in Mineral Point’s historic district.
Both spaces are leased. The upper apartment has also been operated as an Airbnb. The property occupies a 0.03-acre site at 33 High Street in Mineral Point’s historic district.
Key Highlights
- 1,694‑square‑foot building on a 0.03‑acre site
- Ground‑level retail space with one‑bedroom, one‑bath apartment above
- Both commercial and residential spaces are currently leased
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
NOI $24,230 @ 7.0% cap · market cap 8.08%
Second Best
Mixed Use
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$494.8K
$433.0K – $577.3K
NOI $34,639 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased street-level retail space and renovated one-bedroom apartment provide two distinct uses in a historic downtown building.
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‑foot building on a 0.03‑acre site; Ground‑level retail space with one‑bedroom, one‑bath apartment above; Both commercial and residential spaces are currently leased
