40 & 50 W main Street

Platteville, WI 53818
Square Ft.
10,074
$749,900
Turnkey downtown investment opportunity delivering immediate cash flow with built-in upside through scheduled rent increases and minimal future capital needs. This mixed-use property in Platteville features two Main Street retail storefronts and seven upper-level apartment units offering a mix of one- and two-bedroom layouts. Nearly fully occupied, with only oneRead MoreRead Less
Presented by: RE/MAX Advantage Realty 608-330-4191
Listing Snapshot
Days Online
47
Last Updated
Property Type
Business/Comm
Square Ft.
10,074
Year Built
1900
MLS Number
2016793
30 Days Snapshot Of 53818
$220k
-26%
(avg) sold price
4
-20%
homes sold
27
-67%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Estimated age: 1900, 3 stories, 10,074 square feet, 10,074 leasable square feet, Unit 1 is 700 gross square feet, Unit 2 is 700 gross square feet, Unit 3 is 700 gross square feet, Approximate building dimensions: 42x112
Exterior Features
Brick, Stone, Wood
Water Features
Municipal sewer, Municipal water
Heating
Electric, Oil
Heating & Cooling
Forced air, Other
Interior Features
Minimum ceiling height: 9, Maximum ceiling height: 9
Miscellaneous
Gross operating income: $71,700, Annual operating expense: $14,340, Net operating income: $45,868, Unit 1 base annual rent: $10,800, Unit 2 base annual rent: $11,400, $15 unit 1 annual rent per square foot, $16 unit 2 annual rent per square foot, $15 unit 3 annual rent per square foot, Alley, Display window, Private Restrooms, Residential unit(s), Internet -Fiber Available
Parking
Onsite parking: yes, Parking fees per month: $0, 1-5 spaces, Paved
Property
Zoning: B-2
Roof
Rubber/membrane
Taxes
Tax year: 2025, Net taxes: $11,490
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Brad Brethouwer
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