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Listed by Paige LeConte • RE/MAX Advantage Realty
$749,900
Est. payment /mo
10,074 SqFt
Active
40 & 50 W main ST Platteville, WI 53818
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5001 or more
Square Footage 10,074 sqft
Price per Sqft $74
Municipality PLATTEVILLE
MLS Listing ID 2016793
Year Built 1900
Annual Tax Amount $11,490
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Fully occupied with a CAP RATE OF 8.00%. Turnkey downtown investment opportunity delivering immediate cash flow 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. Gross operating income is approximately $85,800 annually. Recent 2026 capital improvements include new gas furnaces, hot water heaters, and a new GAF roof system. Apartment interiors have been updated with newer flooring, paint, and some appliances. Includes two rear off-street parking spaces plus convenient Main Street parking.
Location
State WI
County Grant
Zoning B-2
Direction Coming up Main St. from Water St. the building is on the right side of the street. The 2 store fronts between Bargain Nook and Erschen's Florists.
Interior
Heating Electric, Oil
Cooling Forced Air, Other
Inclusions Stove (7) & Refrigerator (7) in each apartment unit.
Exterior
Utilities Available High Speed Internet Available
Roof Type Rubber/Membrane
Building
Building Age 21+ Years
Story 3
Sewer Municipal Water, Municipal Sewer
New Construction N
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