$749,900
40 & 50 Main Street, Platteville, WI 53818
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.
Property Details
Interior
- Forced Air, Other
- Electric,Oil
- Total Sqft: 10,074
- Lot Sqft Source: Owner
- Estimated Sqft Range: 5001 or more
Exterior
- Details: 1-5 spaces, Paved Lot
- Rubber/Membrane
- Municipal Water, Municipal Sewer
Misc.
- N
- Features: High Speed Internet, Restroom(s), Private Restrooms, Residential unit(s), Display Window
- N
- Code: 53818
- Y
- Direction Prefix: W
- Name: main Street
- Suffix: STREET
- 2025
- Details: High Speed Internet Available
- Pricing: N
- B-2
Map
- Coming up Main St. from Water St. the building is on the right side of the street. The 2 store fronts between Bargain Nook and Erschen's Florists.
Monthly Payment Calculator
Schools and Neighborhood
- Platteville
- Name: PLATTEVILLE
- Type: City
- GRANT
Market Comparison
How this property compares to local market averages — calculated 4/30/2026
Listing Information
- Time on Market: 70 days
- Place Perfect Last Updated: 2026-04-29 16:34:25
- MLS Number: 2016793
- Subsystem Locale: WIREX_SCW
- Listing Office: RE/MAX Advantage Realty
- Listing Agent: Paige LeConte
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