305 State St Mauston, WI 53948-1351
This exceptional commercial property at 305 E State Street, Mauston, WI, presents a unique investment opportunity. Boasting a total of 2,440 square feet on a 0.42-acre lot, this building offers significant income potential. The lower level encompasses 1,600 square feet, featuring office space, a bathroom, and a large storage garage complete with an overhead door, ideal for workshop use. The upper level comprises a fully remodeled two-bedroom apartment, currently generating $1,000 per month in rental income. This apartment boasts a modern, updated kitchen, a renovated bathroom, and upgraded electrical and plumbing systems. Separate access to the apartment is available from the rear of the building. Ample parking is provided, with significant spaces available on the nearly half-acre lot, plus additional space to the east of the building. This prime business location in Mauston offers a blend of commercial and residential income streams, making it an attractive investment for discerning buyers. The property's size, features, and location combine to create a compelling opportunity for immediate return and long-term growth. Don't miss this chance to acquire a high-yield property in a desirable location. The asking price is $299,900.
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Edward Jones - Financial Advisor: Alex Beenken Financial Advisor
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Edward Jones - Financial Advisor: Kiril A Kustief, AAMS™ Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.