About 40 & 50 W Main Street
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.
Features of 40 & 50 W Main Street
| MLS® # | 2016793 |
|---|---|
| Price | $749,900 |
| Square Footage | 10,074 |
| Acres | 0.13 |
| Year Built | 1900 |
| Type | Business/Comm |
| Sub-Type | Retail, Office |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $11,490 |
| Tax Year | 2025 |
Community Information
| Address | 40 & 50 W Main Street |
|---|---|
| Area | PLATTEVILLE - C |
| City | Platteville |
| County | Grant |
| State | WI |
| Zip Code | 53818 |
Amenities
| Features | Alley, Private Restrooms, Residential unit(s), Display window |
|---|---|
| Parking | 1-5 spaces, Paved |
Interior
Exterior
| Exterior | Wood, Brick, Stone |
|---|---|
| Roof | Rubber/membrane |
School Information
Additional Information
| Zoning | B-2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $729,600 |
| Year Assessed | 2025 |
Open House Information
Listing Details
| Office | RE/MAX Advantage Realty |
|---|