Re/Max Advantage
Listed by Equity Real Estate Group, Re/Max Advantage
$749,900
40 & 50 W main
Details
APN 271000540000
Property Type Mixed Use, Office
Sub Type Storefront, Traditional Office
Square Footage 10,074
Units 9
Cap Rate 8%
NOI $59,968
Occupancy 100%
Year Built 1900
Buildings 2
Stories 3
Acreage 0.130
Ground Lease No
Mixed Use | 8.00% CAP | 10,074 SqFt
Marketing 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.
Listing Contacts
Re/Max Advantage
Listed by Equity Real Estate Group, Re/Max Advantage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,968.00
$4,997.33/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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