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.

MLS Number: 154007

Listing Date: 2026-02-18

Parcel Number: 271000540000

Zoning: B-2

Raised Docks: None

Operating Expense: $25,832.00

Net Operating Income: $59,968.00

Insurance Expense: $7,682.00

Utilities Expense: $6,660.00

Year Built: 1900

Lot Size Dimensions: 0.13

Listing Date: 2026-02-18

Parcel Number: 271000540000

Retail Square Footage: 2,000 sqft

Residential Square Footage: 10,000 sqft

Building Area Total Square Footage: 13,102 sqft

Possible Use
  • Retail
  • Office
  • Multi Family
Basement Features
  • Full
Cooling System
  • Other
Heating System
  • Forced Air
  • Other

Parking Capacity: 2

Fuel Type: Oil,Electric

Roof
  • Rubber
Sewer
  • Public Sewer
Water Source
  • Public