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    103 Spring St Beaver Dam, WI 53916

    For Sale
    $3,300,000

    69 Units, Mixed-Use Investment

    Property size:
    54,630 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    The Rogers Apartments, a stunning 7-story mixed-use property in Beaver Dam, WI, presents a unique investment opportunity. This historic building, listed on the National Register of Historic Places, boasts 69 units: 43 apartments, 20 sleeping rooms, and several common areas. Originally constructed in 1927 as a hotel, the property underwent renovations in 2024, preserving its original lobby and parlor while modernizing key aspects. The 54,630 square foot main building (103 E Maple Ave) features first-floor commercial space, apartments on floors two through six, and a partially finished lower level with previous event space capacity exceeding 100 people. Significant updates include elevator modernization in 2024, new boiler units (2017 & 2022), partial rubber membrane roof replacement (2016), and window replacements (1986). The building has multiple zoned heating and electrical systems, with some wall AC units. On-site parking includes 6 spaces, supplemented by leased parking across the street and an adjacent municipal lot. An adjacent building at 125 N Spring St (6,840 sq ft) adds to the investment, featuring first-floor commercial space currently leased to a florist and four 1-bedroom apartments on the second floor. The combined lot size is 21,780 square feet. The property sits on a commercially zoned lot and offers a compelling blend of historical charm and modern functionality. The asking price is $3,300,000.

    Property Features for 103 Spring St

    General Information

    Property type
    Multifamily properties
    Square Feet
    54,630 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1927/2024
    Stories
    7
    Units
    69

    HighLights

    • 103 E Maple Avenue; 48,630 SF building, six floors (first floor commercial, upper floors apartments, partially finished lower level).
    • 17,860 SF lot.
    • Assessed value: $1,134,200.
    • Built in 1927.
    • Elevator updated in 2024.
    • New boiler units installed in 2017 and 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beaver Dam
    County
    Dodge
    State
    Wisconsin
    Longitude
    -88.836605
    Latitude
    43.4570442

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    FAQs

    What type of property is this?
    Multifamily property - 69 Units, Mixed-Use Investment
    Where is this multifamily property located?
    The property is located at 103 Spring St Beaver Dam, WI.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: 103 E Maple Avenue; 48,630 SF building, six floors (first floor commercial, upper floors apartments, partially finished lower level).; 17,860 SF lot.; Assessed value: $1,134,200.
    (608) 669-6697
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Spring St Beaver Dam, WI 53916
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