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Laundromat with Renovated Upper Apartment
For Sale
$325,000

243 High Street, Mineral Point, WI 53565

Turnkey laundromat with renovated, furnished upper-level short-term rental apartment.

Property SizeContact for details
Days on Market663

Property Features for 243 High Street

General Information

Standard status Active
Property subtype Business/Comm / Apartment building
Zoning Commercial
Net Operating Income $25,157

Taxes and HOA fees

Annual Taxes $3,564

Amenities

FULLY FURNISHED, TURNKEY FOR OPERATION OF A SHORT TERM RENTAL
Radiant
Stone

Building Details

Year Built 1860
Listing Agency: RE/MAX Preferred
Listed By: Will Meissner · License #80977-94
Source: Compass
Added: Nov 14, 2024 Changed: Sep 8 Last Checked: Sep 7 at 3:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Preferred

Investment Insights

Based on property information with market context.

This property features a turnkey laundromat with an upper apartment, currently operating as a short-term rental, situated in historic downtown Mineral Point. The upper unit has been completely renovated and is fully furnished. The laundromat has received several equipment upgrades in recent years. The upper unit includes two designated parking spots. A municipal parking lot behind the building provides sufficient parking for laundromat customers. This property is intended for use as a laundromat with a residential rental unit.

Key Highlights

  • Turnkey laundromat business with established revenue stream.
  • Upper apartment completely renovated and fully furnished.
  • Upper apartment currently operating as a short‑term rental.

Property Analytics

Current Use

Point Laundry (Bike/Boat/Book/etc) Store Historical Mineral Point ... Vacation Rental

Suggested Use

Top Pick Dental Office Law Firm (Bike/Boat/Book/etc) Store Auto Parts Store Pharmacy Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

Demographics for 53565, WI

4,899
Population
2,026
Households
2.4
Avg Household Size
45
Median Age
31%
College-Educated
95%
High-School Grad
186.0 sq mi
ZIP Area
26
Density / Sq Mi
$81,362
Median Household Income
$47,060
Median Earnings
$805
Median Rent
$254,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Short term rental property - Turnkey laundromat with renovated, furnished upper-level short-term rental apartment.
Where is this short term rental property located?
The property is located at 243 High Street Mineral Point, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Turnkey laundromat business with established revenue stream.; Upper apartment completely renovated and fully furnished.; Upper apartment currently operating as a short‑term rental.
More about this property
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