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Listed with RE/MAX Advantage Realty
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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.
| LAST UPDATED | 2/18/2026 | YEAR BUILT | 0 |
|---|---|---|---|
| COUNTY | Grant | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| APPLIANCES | Cooktop |
|---|---|
| CONSTRUCTION | Brick, Stone, Wood Siding |
| HEAT | Electric, Forced Air, Oil |
| LOT | 5663 sq ft |
| MLS STATUS | Active |
| PARKING | Paved, Alley Access |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 11490 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with RE/MAX Advantage Realty
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