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Mixed-Use Building with Apartments
For Sale
$874,900

1040 1st Center Avenue, Brodhead, WI 53520

Multi Family, Brodhead, WI

Property SizeContact for details
Lot Size0.13 Acres
Days on Market193

Property Features for 1040 1st Center Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Com
Appliances 5
Elementary school Ronald R Albrecht
Middle school Brodhead
High school Brodhead
Elementary school district Brodhead
Middle school district Brodhead
High school district Brodhead
Directions On State Hwy 11 / 1st Center Ave the Property sits on the East side of 1st Center Ave & E Exchange Street.
Subdivision BRODHEAD - C
Standard status Active
APN 206-0432.0000
Lot size 0.13 Acres

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10051

Utilities

Heating system Forced Air

Building Details

Year built 1900
Floors in Building 2
Number of units 6
Buildings 1
Listing Agency: EXIT Professional Real Estate · EXIT Realty
Listed By: Mitchell Covert · License #9899494
Added: Apr 20 Changed: Oct 28 Last Checked: Oct 29 at 7:06PM
MLS# 2021202

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines commercial space on the first floor with five apartments on the second. Each residence has one bedroom and one bathroom. Improvements include a roof, windows, and doors installed in 2020, followed by an interior renovation and electrical updates in 2021. The building dates to 1900 and has forced-air heating.

The property is in Brodhead’s Historic District, near shops and restaurants. The parcel encompasses 0.13 acres and is zoned Com.

Key Highlights

  • Five second‑floor apartments, each with 1 bedroom and 1 bathroom
  • First‑floor space suited to retail or office use
  • Roof, windows, and doors updated in 2020

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

249
Businesses Nearby

Demographics for 53520, WI

6,684
Population
3,188
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
94%
High-School Grad
119.9 sq mi
ZIP Area
56
Density / Sq Mi
$74,589
Median Household Income
$43,642
Median Earnings
$768
Median Rent
$211,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail or office space is paired with five one-bedroom residences above.
Where is this mixed-use property located?
The property is located at 1040 1st Center Avenue Brodhead, WI.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Five second‑floor apartments, each with 1 bedroom and 1 bathroom; First‑floor space suited to retail or office use; Roof, windows, and doors updated in 2020
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