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Kelly Doyle

kelly@kellydoylehomes.com +1(608) 669-1010

Listed by RE/MAX Advantage Realty

$749,900

Est. payment - /mo

10,074 SqFt

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Key Details

Property Type Commercial

Sub Type Retail,Office

Listing Status Active

Purchase Type For Sale

Square Footage 10,074 sqft

Price per Sqft $74

MLS Listing ID 2016793

Year Built 1900

Annual Tax Amount $11,490

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Retail,Office

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

Area Platteville - C

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 Forced air, Other

Cooling Forced air, Other

Inclusions Stove (7) & Refrigerator (7) in each apartment unit.

Exterior

Parking Features 1-5 spaces, Paved

Roof Type Rubber/membrane

Building

Story 3

Water Municipal sewer, Municipal water

Structure Type Wood,Brick,Stone

Others

SqFt Source Seller

Energy Description Electric,Oil

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NEARBY SCHOOL & BUSINESS

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Kelly Doyle

+1(608) 669-1010

Realtor

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40 & 50 W main Street Platteville, WI 53818

Kelly Doyle

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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40 & 50 W main Street