423 Main St, La Crosse, WI 54601
COMMERCIAL - La Crosse, WI
- Added:
- Feb 9, 2026
- Days on Market:
- 142
- Last Refresh:
- Jul 1 at 4:06 pm
Property Features for 423 Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 017020022040
- Size
- 9,000 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20244
Building Details
- Year built
- 1881
- Architectural style
- Other
Listing agent Joshua Genz License #76296-94 (262) 442-2787
Listing office United Country Midwest Lifestyle Properties LLC 426 2nd Ave S, Onalaska, WI (608) 399-1013
Listing date Feb 9, 2026
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Historic mixed‑use portfolio includes 423/425 & 427 Main St in downtown La Crosse
- 4 apartments above street‑level storefronts: two 2‑bedroom units, one studio, and one 1‑bedroom
- All apartments are leased with long‑term tenants; exposed brick in the upper units
- Multiple street‑level storefronts are leased to long‑term business tenants
- Buildings were built in 1880/1881, offering historic architecture and character
- Leased units include storefront spaces plus apartments for consistent income across the property
Overview
The buildings are positioned on Main St in downtown La Crosse, with strong street presence and proximity to dining and events within the downtown business core.
For buyers seeking an owner-occupied or income-focused mixed-use acquisition, this package offers a built-in operating mix of retail storefronts at street level and apartments above, with all units currently leased. The seller states leases will be reviewed and income confirmed during due diligence, and you’ll be guided through the acquisition process from start to close.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $15.00 |
| − Vacancy | −$5.7k | −$0.63 |
| EGI | $129.3k | $14.37 |
| − OpEx | −$38.8k | −$4.31 |
| NOI | $90.5k | $10.06 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- floral — State St, La Crosse, WI 54601
Location Insight
- Map
- Local Demand
- City
- La Crosse
- County
- La Crosse
- State
- Wisconsin
- Longitude
- -91.250149
- Latitude
- 43.812252
