40 & 50 W Main Street
MLS ID #154007
Asking: $749,900
Type: Commercial
Address: 40 & 50 W Main Street
City: Platteville
State: WI
ZIP: 53818
Area: Wisconsin
Class: Commercial/industrial
County: Grant
General Information
Total # of Bath Areas: 7.00
Year Built: 1900
Price per Square Foot: $0
Lot Size: 0.13
Zoning: B-2
Parcel ID: 271000540000
DBA: N/A
Year Purchased: N/A
Subdivision / Legal: N/A
Income Rents: 71700
Income Sales: N/A
Income Other: N/A
Total Income: 71700
Expenses Insurance: 7682
Expenses Taxes: 11490
Expenses Utilities: 6660
Expenses Other: N/A
Total Expenses: 25,832
Net Income: 45868
Features
Commercial Style: Three Story
Exterior Finish: Brick, Stone, Wood
Raised Docks: None
Ground Line Doors: Other
Roof: Rubber
Basement: Full
Foundation: Rock
Electric Service: Other
Electric: Other
Fuel Type: Oil, Electric
Heating: Forced Air, Other
Cooling: Other
Gas: Other
Water: Public
Sewer: Public
Flooring: Other, Wood
Extras: Other
Parking Surface: Paved
Terms: Cash, Financed
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.
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