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218 Merchant Row Milton, WI 53563

For Sale
$450,000

Historic Charm, High Income Potential

Property size:
4,056 SF

Description

Added:
Feb 3, 2025
Days on Market:
307
This exceptional Milton, WI commercial property at 218-220 Merchant Row and 221 First Lane offers a unique blend of historic charm and modern updates. The 4,056 square foot brick building sits on a 0.07-acre lot and boasts a prime location. The main level features retail space at the front and office space at the rear, both currently leased, generating immediate income. Upstairs, two completely renovated one-bedroom apartments provide additional revenue streams. These apartments are ideal for annual leases or short-term vacation rentals, with potential annual income exceeding $22,000. Recent renovations are extensive and include three new furnaces, three central air conditioning units, three new hot water heaters, upgraded plumbing and electrical systems, and a new roof. The building's large windows allow ample natural light, and the apartments feature refinished hardwood floors and new appliances. This turnkey property presents a fantastic opportunity for investors seeking a blend of commercial and residential income, with the potential for significant returns. The property's attractive location and updated condition make it an exceptional investment opportunity.

Property Features for 218 Merchant Row

General Information

Property type
Other commercial real estate
Square Feet
4,056 SF
Lot Size
3,049 SF

Building Details

Year Built
1899

Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Milton
County
ROCK
State
Wisconsin
Longitude
-88.96346
Latitude
42.78104

FAQs

What type of property is this?
Commercial real estate - Historic Charm, High Income Potential
Where is this commercial real estate located?
The property is located at 218 Merchant Row Milton, WI.
What is the asking price?
The asking price for this property is $450,000.
More about this property
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