Building Details

Year Built 1984

Buildings 1

Building Size 2,880 SF

Construction pole building

Listing Agency: Realty Executives Cooper Spransy

Listed By: Ashley Nelson · License #8117794 Show Phone

Source: Madisonareahomelistings

Added: Sep 5 Changed: Oct 25 Last Checked: Oct 28 at 8:47AM

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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 Realty Executives Cooper Spransy

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Investment Insights

Based on property information with market context.

This mixed-use package includes a 1.45-acre commercial parcel improved with a 40-by-72-foot pole building. The building contains 2,880 square feet and dates to 1984, providing a substantial existing structure on the commercial site.

The offering also includes the neighboring residence at 1015 E Hight St. The 1,276-square-foot home has two bedrooms and two bathrooms, along with a newer roof and some updated windows. The commercial parcel is positioned near the Business Park District, and the property package is offered as-is.

Key Highlights

• 1.45‑acre commercial parcel
• 40‑by‑72‑foot pole building with 2,880 square feet
• Pole building dates to 1984

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,872

Cap Rate

5.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$397,440 $397.4K

Cap Rate 7%

$283,886 $283.9K

Cap Rate 9%

$220,800 $220.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,880 SF

Gross rent

$34.6K $12.00/SF

− Vacancy

−$2.8K −$0.96/SF

EGI

$31.8K $11.04/SF

− OpEx

−$11.9K −$4.14/SF

NOI

$19.9K $6.90/SF

Area

Rock County, WI

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$397,440

Cap Rate 7%

$283,886

Cap Rate 9%

$220,800

Alternative Uses

Best Use

Mixed Use

$283.9K

$248.4K – $331.2K (±1% cap)

NOI $19,872 @ 7.0% cap · market cap 5.44%

Second Best

Warehouse

$129.8K

$113.6K – $151.5K (±1% cap)

NOI $9,089 @ 7.0% cap · market cap 2.49%

Theoretical Best

Office A

$692.1K

$605.6K – $807.4K (±1% cap)

NOI $48,446 @ 7.0% cap · market cap 13.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Building Supply Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

228

Businesses Nearby

Explore this area Business Placement

Demographics for 53563, WI

11,503

Population

4,672

Households

2.5

Avg Household Size

42

Median Age

31%

College-Educated

96%

High-School Grad

67.0 sq mi

ZIP Area

172

Density / Sq Mi

$89,397

Median Household Income

$47,742

Median Earnings

$972

Median Rent

$270,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial acreage is paired with an adjacent residential home for combined work and living use.

Where is this mixed-use property located?

The property is located at 534 Chicago Milton, WI.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: 1.45‑acre commercial parcel; 40‑by‑72‑foot pole building with 2,880 square feet; Pole building dates to 1984