Mixed-Use Property with
New
For Sale
$450,000
445 W Main Street, Dickeyville, WI 53808
COMMERCIAL - Dickeyville, WI
Property Size2,902 SF
Lot Size0.35 Acres
Price / SF$155.07
Days on Market1
Property Features for 445 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2 Comm
Interior features
Residential unit(s)
Lot features
Business district, Corner, High Traffic Location, High Visibility, Near Major Highway, Residential area
Directions
Rt 151 to US-61 to Center Rd.
Subdivision
DICKEYVILLE - V
Standard status
Active
APN
116-00106-0000
Size
2,902 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3190
Amenities
washer
dryer
window A/C
Building Details
Year built
1900
Number of units
5
Roof type
Shingle
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Liz Abramsky
(563) 213-4919
Added: Aug 14
Last Checked: Aug 14 at 4:06PM
MLS# 2025723
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.
This mixed-use property contains 2,902 square feet on a 0.35-acre site and combines five apartments with an additional commercial storefront. The residential layout includes three 1-bedroom units and two 2-bedroom units, with each apartment providing one bathroom, laundry equipment, and individual cooling; select units also include furnaces. The storefront has a half bath, laundry equipment, a furnace, and central A/C. All five residential units are occupied, and the property includes on-site parking.
Constructed in 1900, the building is located near Highway 151 in Dickeyville, Wisconsin. The property carries B2 Comm zoning and consists of two parcels. Showings require a minimum of 72 hours' notice.
Constructed in 1900, the building is located near Highway 151 in Dickeyville, Wisconsin. The property carries B2 Comm zoning and consists of two parcels. Showings require a minimum of 72 hours' notice.
Key Highlights
- Five occupied apartments: three 1‑bedroom units and two 2‑bedroom units
- 2,902 square feet on a 0.35‑acre site
- Separate commercial storefront with half bath, laundry, furnace, and central A/C
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
$37,514
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
8.34%
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%
$750,280
$750.3K
Cap Rate 7%
$535,914
$535.9K
Cap Rate 9%
$416,822
$416.8K
Market Conditions
NOI Build-Up for 2,902 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
$55.0K $18.96/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$53.6K $18.47/SF
− OpEx
−$16.1K −$5.54/SF
NOI
$37.5K $12.93/SF
Area
Grant County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$750,280
Cap Rate 7%
$535,914
Cap Rate 9%
$416,822
Alternative Uses
Best Use
Retail
$535.9K
$468.9K – $625.2K
NOI $37,514 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$803.4K
$703.0K – $937.3K
NOI $56,238 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 53808, WI
1,041
Population
423
Households
2.5
Avg Household Size
42
Median Age
23%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
416
Density / Sq Mi
$67,500
Median Household Income
$40,441
Median Earnings
$699
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five occupied apartments accompany a separate commercial storefront with on-site parking and B2 Comm zoning.
Where is this mixed-use property located?
The property is located at 445 W Main Street Dickeyville, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Five occupied apartments: three 1‑bedroom units and two 2‑bedroom units; 2,902 square feet on a 0.35‑acre site; Separate commercial storefront with half bath, laundry, furnace, and central A/C
