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.
Taxes
$11,490 Taxes
Year Built
Built in 1900
Property Type
Commercial - Office
Annual Unit Rent (Per Sqft)
$15.42(Unit 1), $16.28(Unit 2), $15.42(Unit 3)
Ceiling Height Description (Feet)
9(MIN), 9(MAX)
Days on Site
191
Exterior
Wood, Brick, Stone
Exterior Features
Wood, Brick, Stone
Fuel Type
Electric, Oil
Gross SQFT
700(Unit 1), 700(Unit 2), 700(Unit 3)
Heating/Cooling Description
Forced air
Home Style
Retail, Office
Location Description
Business district
Present Use
Retail, Office, Beauty/barber shop, Apartment building
Taxes
$11,490
Total Units (Building)
9
Water/Waste Description
Municipal sewer, Municipal water
Year Built
1900