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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

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    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.
    (608) 741-1000
    Request Owner's contact information
    218 Merchant Row Milton, WI 53563
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 Merchant Row Milton, WI 53563
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