

Listed by Equity Real Estate Group
$550,000
196 S Main
Details
APN 172-00274-0040
Property Type Retail, Multifamily
Sub Type Storefront, Apartment Building
Square Footage 11,061
Units 4
NOI $42,824
Year Built 1850
Stories 2
Acreage 0.660
Retail | 11,061 SqFt
Marketing description
Located in the heart of historic downtown Potosi, directly across from the nationally recognized Potosi Brewing Company, this truly one-of-a-kind property offers endless possibilities in one of Southwest Wisconsin’s most visited tourism destinations. Whether you are looking to bring your own vision to life or continue the current income-producing setup, this property is packed with opportunity. Current tenant occupancy offers a wine bar, ice cream shop, additional retail space, and a 2-bedroom, 1-bath apartment ideal for owner occupancy, short-term rental, or added income. The flexible layout lends itself to a variety of uses. Additional space within the building presents the opportunity to add up to 8 guest rooms on the upper level creating significant upside potential through overnight and extended stay rentals. Benefit from the consistent traffic generated by the brewery, Holiday Gardens Event Center, and the area’s strong tourism draw. Distinct with timeless appeal and charm.
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Listed by Equity Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,824.00
$3,568.67/mo
Valuation Metrics
0
DSCR
7.79%
Cap Rate
7.79%
ROI
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