Heavy Commercial Zoned
4732 Highway 78 Black Earth, WI 53515
For Sale
$199,000
COMMERCIAL - Black Earth, WI
Property Size1,000 SF
Lot Size3.54 Acres
Price / SF$199
Days on Market26
Property Features for 4732 Highway 78
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HC
- Standard status
- Active
- APN
- 0706-022-9655-0
- Size
- 1,000 SF
- Lot size
- 3.54 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2869
Building Details
- Number of units
- 1
- Roof type
- Composition
Listing Agency:
Homestead Realty
(414) 461-4040
Listed By:
Anna Wahlgren
(608) 698-7629
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 24 at 12:06AM
MLS# 2012814
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 3.54-acre commercial land parcel offers Heavy Commercial (HC) zoning along Hwy 78. The property includes a small 3-bedroom, 1-bath home that needs repairs, with the option to occupy it as a single-family caretaker’s residence with a Conditional Use Permit. The land is a mix of wooded and cleared areas, and it is served by a septic system and a shared well.
The location provides direct access to Hwy 78 and flexibility for a range of commercial concepts, with additional options referenced in the associated documents. The seller also notes the property is listed separately as Lots/Acreage under MLS #2012844.
For planning purposes, buyers should review the associated documents for further potential use options and confirm requirements for any intended commercial activities under the property’s HC zoning and Conditional Use Permit framework.
The location provides direct access to Hwy 78 and flexibility for a range of commercial concepts, with additional options referenced in the associated documents. The seller also notes the property is listed separately as Lots/Acreage under MLS #2012844.
For planning purposes, buyers should review the associated documents for further potential use options and confirm requirements for any intended commercial activities under the property’s HC zoning and Conditional Use Permit framework.
Key Highlights
- 3.54‑acre property with heavy commercial zoning on Hwy 78
- Small single‑family home: 3 bedrooms, 1 bath (needs repairs but can be used as a caretaker’s residence with a Conditional Use Permit)
- Land features a mix of wooded and cleared areas
Financial Insights For Apartment 5plus
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 | $15.4k | $15.36 |
| − Vacancy | −$691 | −$0.69 |
| EGI | $14.7k | $14.67 |
| − OpEx | −$6.6k | −$6.60 |
| NOI | $8.1k | $8.07 |
1,000 SF · lease $15.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$115.3K
$100.9K – $134.5K
NOI $8,068 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$232.4K
$203.3K – $271.1K
NOI $16,267 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - 3.54-acre parcel on Hwy 78 with HC zoning and a small 3-bed, 1-bath home needing repairs.
Where is this commercial land located?
The property is located at 4732 Highway 78 Black Earth, WI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 3.54‑acre property with heavy commercial zoning on Hwy 78; Small single‑family home: 3 bedrooms, 1 bath (needs repairs but can be used as a caretaker’s residence with a Conditional Use Permit); Land features a mix of wooded and cleared areas
