Remodeled Restaurant with
For Sale
$1,495,000
N1434 Fair Street, Lodi, WI 53555
COMMERCIAL - Lodi, WI
Property Size3,397 SF
Lot Size2.80 Acres
Price / SF$440.09
Days on Market69
Property Features for N1434 Fair Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Security features
Security System, Security Lighting
Interior features
Overhead doors, Truck dr(s) hgr than 15ft, Public rest rooms, Less than 440 volt, Signage available, Security system, Inside storage, Outside storage, Security lighting, Private office(s), 400 AMP, Fencing, Fire Alarm, Garage Door Opener, Gas Hot Water Heater, Landscaped, Out Building, Shelving, Smoke Detectors, Water Softener
Fencing
Fenced
Lot features
Corner, Near Major Highway, Residential area
Directions
6 miles off i39/ exit hwy 60 west, Rt on Lindsey, Left on J, Left on Fair. From Lodi on Fair street 1/2 mile past Lodi fair grounds
Subdivision
LODI - T
Standard status
Active
APN
11022-515.04
Size
3,397 SF
Lot size
2.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5028
Amenities
climate controlled warehouse
sand volleyball courts
Building Details
Year built
1971
Number of units
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(608) 831-0800
Listed By:
Dana Doskocil · License #58889
(608) 235-6868
Added: Jun 3
Changed: Aug 10
Last Checked: Aug 10 at 6:06PM
MLS# 2023952
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 3,397-square-foot restaurant property on 2.8 acres includes an expanded bar and dining area with seating for approximately 150 guests. The facility also provides a larger kitchen, public restrooms, a walk-in cooler, covered outdoor seating, signage, fencing, and security features. A 30x40 2-bay warehouse offers climate-controlled storage and overhead doors, with an additional private office and on-site storage areas.
The property was built in 1971 and has undergone extensive updates, including the roof, HVAC, electrical system, insulation, lighting, epoxy flooring, interior finishes, and septic system. Additional site improvements include three sand volleyball courts, security lighting, landscaping, and parking. Commercial zoning and a 400 AMP electrical service support the existing restaurant and associated improvements.
The property was built in 1971 and has undergone extensive updates, including the roof, HVAC, electrical system, insulation, lighting, epoxy flooring, interior finishes, and septic system. Additional site improvements include three sand volleyball courts, security lighting, landscaping, and parking. Commercial zoning and a 400 AMP electrical service support the existing restaurant and associated improvements.
Key Highlights
- 3,397 SF restaurant on 2.8 acres
- Expanded bar and dining areas with seating for approximately 150 guests
- 30x40 2‑bay climate‑controlled warehouse with overhead doors
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
$43,796
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
2.93%
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%
$875,920
$875.9K
Cap Rate 7%
$625,657
$625.7K
Cap Rate 9%
$486,622
$486.6K
Market Conditions
NOI Build-Up for 3,397 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
$61.1K $18.00/SF
− Vacancy
−$2.8K −$0.81/SF
EGI
$58.4K $17.19/SF
− OpEx
−$14.6K −$4.30/SF
NOI
$43.8K $12.89/SF
Area
Columbia County, WI
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$875,920
Cap Rate 7%
$625,657
Cap Rate 9%
$486,622
Alternative Uses
Best Use
Specialty Retail
$625.7K
$547.5K – $729.9K
NOI $43,796 @ 7.0% cap · market cap 2.93%
Second Best
Warehouse
$389.9K
$341.1K – $454.8K
NOI $27,290 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$763.2K
$667.8K – $890.4K
NOI $53,422 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53555, WI
8,529
Population
4,523
Households
1.9
Avg Household Size
46
Median Age
39%
College-Educated
99%
High-School Grad
75.7 sq mi
ZIP Area
113
Density / Sq Mi
$110,926
Median Household Income
$57,643
Median Earnings
$1,247
Median Rent
$359,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial restaurant with expanded dining, covered outdoor seating, and supporting warehouse space.
Where is this conventional restaurant located?
The property is located at N1434 Fair Street Lodi, WI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,397 SF restaurant on 2.8 acres; Expanded bar and dining areas with seating for approximately 150 guests; 30x40 2‑bay climate‑controlled warehouse with overhead doors
