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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 Market147

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

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
Listing Agency: EXIT Professional Real Estate · EXIT Realty
Listed By: Mitchell Covert · License #9899494
Added: Apr 20 Changed: Sep 9 Last Checked: Sep 13 at 1:06PM
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.

Investment Insights

Based on property information with market context.

This mixed-use commercial building in Brodhead’s Historic District includes a first-floor space suited to retail or office use and five second-floor apartments. Each apartment has one bedroom and one bathroom, with updates completed to the residential interiors. The property is zoned Com and occupies 0.13 acres.

Major improvements include a new roof, windows, and doors completed in 2020, followed by interior remodeling and electrical updates in 2021. Built in 1900, the building uses forced-air heating and sits near shops and restaurants along 1st Center Avenue.

Key Highlights

  • Five 1‑bedroom, 1‑bath apartments on the second floor
  • First‑floor retail or office space
  • New roof, windows, and doors completed 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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial property combines street-level retail or office space with renovated residential units 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 1‑bedroom, 1‑bath apartments on the second floor; First‑floor retail or office space; New roof, windows, and doors completed in 2020
More about this property
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