201 Main St Reedsburg, WI 53959

Property Details for 201 Main St

Year built

1910

Lot size

0.36 lot acres

Property size

31,957 SF

Property type

Office Properties & Spaces

Description

This stabilized Class B office building, located at 201 E Main St, Reedsburg, WI 53959, presents a compelling investment opportunity. The 31,957 square foot, two-story property boasts a strong 95% occupancy rate across five tenants, generating a Net Operating Income (NOI) of $71,875 and an 8.71% cap rate. The building features 21 surface parking spaces directly behind the property, offering convenient access for tenants and visitors. Significant recent capital improvements, completed in 2023, include substantial tenant improvements totaling over $500,000, encompassing HVAC, ADA compliance upgrades, and restroom renovations. The property benefits from excellent visibility and signage on a main commercial thoroughfare, within the B-1 (Business Core) zoning district. The building was constructed in 1910 and underwent renovations in 1990 and 2022-2023. Key tenants include Vierbicher Associates, with a lease extending to 2033, and Edward Jones, both having recently signed new 10-year leases. The weighted-average lease term (WALT) stands at 8.6 years, providing long-term stability and predictable income. The 0.36-acre lot offers ample space. Rent bumps are set at 3.00%. The property is offered at an asking price of $825,000. Lease terms vary per tenant, with gross lease structures in place. The property's APN is 276-0908-00000, 276-0913-00000, 276-0914-00000, and 276-0915-00000.

Location Insight

City

Reedsburg

County

Sauk

State

Wisconsin

Longitude

-90.0079

Latitude

43.5328