Commercial Development
N168W21873 Main St Jackson, WI 53037
For Sale
$389,900
Commercial-ready parcel with a single-family home and detached garage, plus private well/septic and utilities at the road.
Days on Market181
Property Features for N168W21873 Main St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
Hanson & Co. Real Estate
(262) 353-1800
Listed By:
Katrina Hanson
(262) 353-1800
Source:
Therealtycompanyllc
Added: Jan 29
Changed: Jul 28
Last Checked: Jul 29 at 12:18PM
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 Hanson & Co. Real Estate
Investment Insights
Based on property information with market context.
This commercial-ready parcel is offered as a development site with an existing single-family home and a second detached garage. The property is currently serviced by a private well and septic, and water/sewer hook-ups are available at the road. An existing structure may also support office-oriented use, with the property described as potentially suitable for an insurance, dental, or law office.
The site is positioned to take advantage of exposure along newly paved Hwy 60, and it is within close proximity to Hwy 45 and I-41. The Village of Jackson is open to discussing future development ideas.
For any usage requiring it, the buyer will need to acquire a CUP. Neighboring properties include retail, restaurant, and banking, bringing business customers to the area.
The site is positioned to take advantage of exposure along newly paved Hwy 60, and it is within close proximity to Hwy 45 and I-41. The Village of Jackson is open to discussing future development ideas.
For any usage requiring it, the buyer will need to acquire a CUP. Neighboring properties include retail, restaurant, and banking, bringing business customers to the area.
Key Highlights
- 0.97‑acre commercial‑ready parcel with a single‑family home and a second detached garage
- Serviced by private well and septic; water/sewer hook‑ups are at the road
- Located on Hwy 60 with newly paved roadway; near Hwy 45 and I‑41
Financial Insights For Office B
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 | $32.3k | $24.84 |
| − Vacancy | −$7.6k | −$5.88 |
| EGI | $24.6k | $18.96 |
| − OpEx | −$6.2k | −$4.74 |
| NOI | $18.5k | $14.22 |
1,300 SF · lease $24.84/SF/yr · vacancy 23.68% · expense 25.00%
Alternative Uses
Best Use
Office B
$264.1K
$231.1K – $308.1K
NOI $18,484 @ 7.0% cap · market cap 4.74%
Second Best
Healthcare Medical
$242.2K
$211.9K – $282.6K
NOI $16,953 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$357.4K
$312.7K – $417.0K
NOI $25,017 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial-ready parcel with a single-family home and detached garage, plus private well/septic and utilities at the road.
Where is this commercial land located?
The property is located at N168W21873 Main St Jackson, WI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 0.97‑acre commercial‑ready parcel with a single‑family home and a second detached garage; Serviced by private well and septic; water/sewer hook‑ups are at the road; Located on Hwy 60 with newly paved roadway; near Hwy 45 and I‑41
