Three-Building Mixed-Use
For Sale
$395,000
8 Commerce Street, Mineral Point, WI 53565
Business/Comm, Mineral Point, WI
Property Size2,624 SF
Lot Size0.75 Acres
Price / SF$150.53
Days on Market40
Property Features for 8 Commerce Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Overhead doors, Public rest rooms, Shared Restrooms, 440+ volt, Reception area, Inside storage, Outside storage, Private office(s)
Lot features
Business district, Free standing
Directions
From Hwy 23, at stop sign, turn left onto Commerce St, go past South St & property is on the right.
Subdivision
MINERAL POINT - C
Standard status
Active
APN
251-0851
Size
2,624 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
5044
Amenities
radiant floor heat
2-car garage
Building Details
Year built
2008
Number of units
3
Roof type
Composition
Additional Structures
Storage
Listing Agency:
1st Advantage Real Estate
(608) 341-7017
Listed By:
Wendy Kearns · License #81810-94
(608) 574-5284
Added: Jul 13
Changed: Aug 20
Last Checked: Aug 21 at 2:06AM
MLS# 1990710
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 includes three buildings totaling 2,624 square feet on 0.75 acres. Built in 2008, the main building features an open layout, reception area, private offices, public restrooms, and interior storage. Additional exterior storage is available, and the two-car garage includes overhead doors with radiant-floor tubing ready for connection. The roof is composition, and the property has 440+ volt service.
The property sits in Mineral Point’s historical commercial district, directly across from the Cheese Country ATV/Snowmobile Trail. Commercial zoning is in place. The existing configuration includes multiple structures and storage areas, while the source information also identifies potential for living quarters, subject to verification of intended-use allowances and measurements.
The property sits in Mineral Point’s historical commercial district, directly across from the Cheese Country ATV/Snowmobile Trail. Commercial zoning is in place. The existing configuration includes multiple structures and storage areas, while the source information also identifies potential for living quarters, subject to verification of intended-use allowances and measurements.
Key Highlights
- Three buildings totaling 2,624 square feet on 0.75 acres
- Built in 2008 with commercial zoning
- Two‑car garage with overhead doors and radiant‑floor tubing ready for connection
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
$36,211
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
9.17%
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%
$724,220
$724.2K
Cap Rate 7%
$517,300
$517.3K
Cap Rate 9%
$402,344
$402.3K
Market Conditions
NOI Build-Up for 2,624 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
$63.0K $24.00/SF
− Vacancy
−$5.0K −$1.92/SF
EGI
$57.9K $22.08/SF
− OpEx
−$21.7K −$8.28/SF
NOI
$36.2K $13.80/SF
Area
Iowa County, WI
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$724,220
Cap Rate 7%
$517,300
Cap Rate 9%
$402,344
Alternative Uses
Best Use
Mixed Use
$517.3K
$452.6K – $603.5K
NOI $36,211 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.5K
$670.7K – $894.3K
NOI $53,656 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 53565, WI
4,899
Population
2,026
Households
2.4
Avg Household Size
45
Median Age
31%
College-Educated
95%
High-School Grad
186.0 sq mi
ZIP Area
26
Density / Sq Mi
$81,362
Median Household Income
$47,060
Median Earnings
$805
Median Rent
$254,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property with multiple structures, storage areas, offices, and an open interior layout.
Where is this mixed-use property located?
The property is located at 8 Commerce Street Mineral Point, WI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three buildings totaling 2,624 square feet on 0.75 acres; Built in 2008 with commercial zoning; Two‑car garage with overhead doors and radiant‑floor tubing ready for connection
