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Property profile

1625 Us Highway 61 Lancaster, WI 53813

FOR SALE
Other commercial real estate
Property ID
US92-2878866
4.2 ac lot
Last sale Dec 2023 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail tenant space comprising approximately 15,000 square feet within a former Shopko building in Lancaster, Wisconsin, located on Highway 61 next to True Value Hardware. The interior includes largely open sales or showroom areas with ceiling heights varying from about 14 feet to 18.5 feet, and an indicated clear height of approximately 16.5 feet to the trusses. The suite is served by one loading dock and one overhead door measuring 10 feet by 9 feet. Building access is via a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$564k
Assessed land$76k
Assessed improvement$488k
Effective rate1.52%

Value estimate

· Oct 2026
$770k
$693k – $847k
AI approach$740k
NOI build-up
Gross scheduled income$310k
Vacancy & credit loss−$21k
Operating expenses−$43k
NOI · 13.67% cap applied$246k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
13.67%
$246k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRANT

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop8.5
Parking Facility8.3
Pharmacy8.2

Location

1625 Us Highway 61 Lancaster, WI 53813
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
147 Hickory, Lancaster, WI 53813-1401 $120,000 Jan 2026 No data
200 Alona, Lancaster, WI 53813-2154 $900,000 Dec 2025 No data
120 Maple, Lancaster, WI 53813-1764 $100,000 Oct 2025 No data
130 Elm, Lancaster, WI 53813-1258 $150,000 Feb 2025 No data
9747 Tv, Lancaster, WI 53813 $35,000 Jan 2025 No data
319 Us Hwy 61, Lancaster, WI 53813 $15,000 Nov 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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