Mixed-Use Property with
For Sale
$749,900
40 & 50 W Main Street, Platteville, WI 53818
Commercial Sale, Platteville, WI
Property SizeContact for details
Days on Market217
Property Features for 40 & 50 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 5, Bathroom 1, Bathroom 6, Basement, Bathroom 7, Bathroom 4, Bathroom 3, Bathroom 2
Parking
2
Basement
Full
Subdivision
WISCONSIN
Standard status
Active
APN
271000540000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Flooring type
Wood
Building materials
Brick, Stone, Wood
Roof type
Rubber
Listing Agency:
Remax Advantage · RE/MAX International
(563) 588-3078
Listed By:
Paige LeConte · License #89363-94
(608) 778-8799
Added: Feb 18
Changed: Sep 15
Last Checked: Sep 23 at 1:06AM
MLS# 154007
Copyright © 2026 East Central Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 40 & 50 W Main Street in Platteville, this mixed-use property combines two ground-level retail storefronts with seven upper-level apartments. The residential component includes one- and two-bedroom layouts, while apartment interiors feature newer flooring, paint, and some appliances. The building dates to 1900 and incorporates brick, stone, and wood construction with wood flooring and forced-air heat.
Recent 2026 improvements include gas furnaces, hot water heaters, and a new GAF roof system. The property has public water and public sewer, along with B-2 zoning. Two rear off-street parking spaces are included, and additional parking is available along Main Street. The property is fully occupied and reports an 8.00% cap rate.
Recent 2026 improvements include gas furnaces, hot water heaters, and a new GAF roof system. The property has public water and public sewer, along with B-2 zoning. Two rear off-street parking spaces are included, and additional parking is available along Main Street. The property is fully occupied and reports an 8.00% cap rate.
Key Highlights
- Two Main Street retail storefronts with seven upper‑level apartment units
- Apartment mix includes one- and two‑bedroom layouts
- 8.00% cap rate with full occupancy
Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail storefronts support seven updated apartment units in a brick, stone, and wood building with B-2 zoning.
Where is this mixed-use property located?
The property is located at 40 & 50 W Main Street Platteville, WI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two Main Street retail storefronts with seven upper‑level apartment units; Apartment mix includes one- and two‑bedroom layouts; 8.00% cap rate with full occupancy
