609 Main St Lodi, WI 53555
- Commercial real estate
- 1.16 lot acres
Current Use by Public Records
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
- Advance Auto Parts / Car Battery Store / Tool Rental Service
- CARQUEST AUTO PARTS #3794 / Auto Parts Store
- Hair X-pressions / Hair Removal Service / Hair Salon
Property Details for 609 Main St
- Lot size
- 1.16 lot acres
- Property type
- Commercial real estate
- APN
- 11246-194
- APU
- 11246194
Description
This exceptional 6,000 square foot commercial property, situated on a 1.16-acre lot at 609 N Main Street in Lodi, Wisconsin, presents a compelling investment or owner-occupant opportunity. Currently housing two tenants, the property boasts high visibility on a major thoroughfare just north of the city's center, surrounded by other retail businesses. The primary tenant, Advance Auto Parts, occupies 5,000 square feet and will vacate on May 29, 2025, due to corporate restructuring. This presents a significant opportunity for a new anchor tenant or for the owner to occupy a substantial portion of the space. A secondary tenant, a hair salon, occupies the remaining 1,000 square feet and is currently on a month-to-month lease, expressing a strong desire to remain. The property's large lot size and prime location offer considerable potential for future development or expansion. The asking price for this well-positioned commercial property is $568,500. This is a rare chance to acquire a substantial commercial property in a thriving Wisconsin community with immediate income potential and long-term growth prospects. The property's strategic location and existing tenant base make it an attractive investment for both seasoned investors and first-time buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $275,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $255,000
- Mixed-Use
- $280,000
- Hospitality
- $295,000
- Educational
- $340,000
- Residential Income
- $255,000
- Energy
- $255,000
- Income-Based Land
- $335,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Lodi
- County
- Columbia
- State
- Wisconsin
- Longitude
- -89.5322
- Latitude
- 43.318
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA