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Mixed-Use Building with Apartment
For Sale
$219,000

S101 S Main Street, Nelson, WI 54756

Commercial Sale, Nelson, WI

Property SizeContact for details
Lot Size0.23 Acres
Days on Market167

Property Features for S101 S Main Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial, Residential-Multi-Family
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 1
Parking features Garage - Detached
Subdivision Smeltzer's Plat
High school district Alma
Directions From Wabasha, head NE toward Nelson on WI-25. Building will be on the intersection of Great River Rd and S Main St, kitty corner from Bank of Alma and across from Handy Mart.
Standard status Active
APN 154000690000
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1862

Utilities

Heating system Other (Heating), Oil

Amenities

driveways
garage
storage

Building Details

Year built 1895
Listing Agency: Re/Max Results · RE/MAX International
Listed By: Beth Biever
Added: Apr 28 Changed: Oct 10 Last Checked: Oct 11 at 3:06AM
MLS# 7063623

Copyright © 2026 Northstar MLS. 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 combines a ground-floor storefront with an apartment on the upper level. The residence includes two bedrooms, two bathrooms, a full kitchen, and additional flexible space. Its windows were replaced in 2020, and original woodwork remains in the building. A basement provides storage and utility space, while the detached garage accommodates two cars. The parcel measures 0.225 acres, and ownership includes both driveways.

Built in 1895, the property sits on S Main Street in downtown Nelson. The corridor has previously reported traffic counts of approximately 15,000 vehicles per day, and the property is near the Mississippi River.

Key Highlights

  • Ground‑floor commercial area with an upper‑level apartment
  • Apartment includes 2 bedrooms, 2 bathrooms, a full kitchen, and flexible space
  • 0.225‑acre parcel with ownership of both driveways

Property Analytics

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Current Use

Storefront properties

Lease Details

1
Residential units
15,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby

Demographics for 54756, WI

886
Population
478
Households
1.9
Avg Household Size
52
Median Age
24%
College-Educated
93%
High-School Grad
79.0 sq mi
ZIP Area
11
Density / Sq Mi
$71,250
Median Household Income
$41,181
Median Earnings
$781
Median Rent
$196,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with an upstairs residence, basement storage, and a detached garage.
Where is this mixed-use property located?
The property is located at S101 S Main Street Nelson, WI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Ground‑floor commercial area with an upper‑level apartment; Apartment includes 2 bedrooms, 2 bathrooms, a full kitchen, and flexible space; 0.225‑acre parcel with ownership of both driveways
More about this property
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