SQUARE FEET10,074
MLS#2016793
STATUSActive
PROPERTY TYPECommercial - Office
Listing Courtesy of:
RE/MAX Advantage Realty
Agency Phone: 608-330-4191
Property Description
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 one retail storefront currently vacant, creating additional income potential. Gross operating income is approximately $71,700 annually, with rent increases already planned for May 2026. Several apartment leases up for renewal mid-2026, providing flexibility for future management strategy. 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.
Property Features
Property Type: Commercial - Office
Fuel Type: Electric, Oil
Home Style: Retail, Office
Taxes: $11,490
Year Built: 1900
Amenities
Wood
Brick
Stone
Feature Descriptions
Annual Unit Rent (Per Sqft): $15.42(Unit 1), $16.28(Unit 2), $15.42(Unit 3)
Ceiling Height (Feet): 9(MIN), 9(MAX)
Days on Site: 18
Exterior: Wood, Brick, Stone
Gross SQFT: 700(Unit 1), 700(Unit 2), 700(Unit 3)
Heating/Cooling: Forced air
Location: Business district
Present Use: Retail, Office, Beauty/barber shop, Apartment building
Total Units (Building): 9
Water/Waste: Municipal water, Municipal sewer
Listed By / Shown By
Listed By
Agency Name: RE/MAX Advantage Realty
Agency Phone: 608-330-4191
Shown By
Agency Title: Stark Company Realtors
Agency Phone: 608-256-9011
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Copyright © 2026 South Central Wisconsin MLS Corporation. All rights reserved
Privacy Policy / DMCA Notice / ADA Accessibility
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40 & 50 W Main Street | MLS# 2016793
This commercial property located at 40 & 50 W Main Street, Platteville, WI 53818 is currently listed for sale with an asking price of $749,900. Search Platteville real estate on www.starkhomes.com today.