Mixed-Use Property with
For Sale
$699,900
41 Main St, Mayville, WI 53050
Attached residential quarters and commercial facilities support a combined live-work configuration.
Property Size3,965 SF
Price / SF$176.52
Days on Market13
Property Features for 41 Main St
General Information
Standard status
Active
Size
3,965 SF
Taxes and HOA fees
Annual Taxes
$3,333
Listing Agency:
Redefined Realty Advisors LLC
(262) 391-1692
Listed By:
Craig Schmitz
(262) 391-1692
Source:
Exprealty
Added: Aug 10
Changed: Aug 20
Last Checked: Aug 21 at 10:23AM
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 Redefined Realty Advisors LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines a three-bedroom, one-bathroom home with an attached commercial building featuring a kitchen. The existing configuration supports both residential occupancy and commercial restaurant or pub use, with the property currently leased to D&D Pub Pizza.
A dam on the property generates electrical power that is sold to Alliant Energy, and a transfer application is required. The site also overlooks the Rock River and Kekoskee Millpond from both sides of the property. It is located just outside the Horicon Wildlife area.
A dam on the property generates electrical power that is sold to Alliant Energy, and a transfer application is required. The site also overlooks the Rock River and Kekoskee Millpond from both sides of the property. It is located just outside the Horicon Wildlife area.
Key Highlights
- 3‑bedroom, 1‑bathroom home attached to a commercial building
- Commercial building includes a kitchen for restaurant or pub operations
- Currently leased to D&D Pub Pizza
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,127
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,540
$1.1M
Cap Rate 7%
$773,243
$773.2K
Cap Rate 9%
$601,411
$601.4K
Market Conditions
NOI Build-Up for 3,965 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.2K $18.96/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$72.2K $18.20/SF
− OpEx
−$18.0K −$4.55/SF
NOI
$54.1K $13.65/SF
Area
Dodge County, WI
Vacancy
4.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,540
Cap Rate 7%
$773,243
Cap Rate 9%
$601,411
Alternative Uses
Best Use
Specialty Retail
$773.2K
$676.6K – $902.1K
NOI $54,127 @ 7.0% cap · market cap 7.73%
Second Best
Mixed Use
$573.5K
$501.8K – $669.1K
NOI $40,146 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$861.3K
$753.7K – $1.00M
NOI $60,293 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Marsh
Groceries
1,492 visits/mo
0.2 miles
Demographics for 53050, WI
7,071
Population
3,120
Households
2.3
Avg Household Size
45
Median Age
17%
College-Educated
92%
High-School Grad
70.5 sq mi
ZIP Area
100
Density / Sq Mi
$69,818
Median Household Income
$45,844
Median Earnings
$860
Median Rent
$195,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Attached residential quarters and commercial facilities support a combined live-work configuration.
Where is this mixed-use property located?
The property is located at 41 Main St Mayville, WI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3‑bedroom, 1‑bathroom home attached to a commercial building; Commercial building includes a kitchen for restaurant or pub operations; Currently leased to D&D Pub Pizza
