Mixed-Use Property with
For Sale
Contact for pricing
145 W Main, Platteville, WI 53818
Main-level storefront pairs with an upper residential unit and private outdoor spaces.
Property Size2,112 SF
Price / SF$123.11
Days on Market131
Property Features for 145 W Main
General Information
Standard status
Active
Size
2,112 SF
Total Parking Spaces
2
Property subtype
Retail, Office
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Amenities
vaulted ceilings
updated flooring
skylight
upper patio
open deck
off-street parking
newer 1-car garage
Building Details
Year Built
1975
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Re/Max Advantage
Listed By:
Paige LeConte · License #89363-94
Source:
Crexi
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 1:17PM
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 Advantage
Investment Insights
Based on property information with market context.
This 2,112-square-foot mixed-use property combines a commercial storefront at street level with a two-bedroom residential unit above. The upper residence spans two stories and includes vaulted ceilings, updated flooring, front-facing windows, and a kitchen and dining area illuminated by a skylight. An upper patio and separate open deck provide private exterior space.
The property is located at 145 W Main in Platteville, Wisconsin, and includes off-street parking plus a newer one-car garage. Built in 1975, the building sits on a slab and is currently vacant, allowing an owner-occupant or investor to determine the preferred use of both components.
The property is located at 145 W Main in Platteville, Wisconsin, and includes off-street parking plus a newer one-car garage. Built in 1975, the building sits on a slab and is currently vacant, allowing an owner-occupant or investor to determine the preferred use of both components.
Key Highlights
- 2,112‑square‑foot mixed‑use building with commercial and residential components
- Two‑bedroom, two‑story residential unit above the main‑level storefront
- Upper patio plus an additional open deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,460
$291.5K
Cap Rate 7%
$208,186
$208.2K
Cap Rate 9%
$161,922
$161.9K
Market Conditions
NOI Build-Up for 2,112 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.3K $12.00/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$23.3K $11.04/SF
− OpEx
−$8.7K −$4.14/SF
NOI
$14.6K $6.90/SF
Area
Grant County, WI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,460
Cap Rate 7%
$208,186
Cap Rate 9%
$161,922
Alternative Uses
Best Use
Office B
$418.6K
$366.3K – $488.4K
NOI $29,303 @ 7.0% cap · market cap 11.27%
Second Best
Retail
$390.0K
$341.3K – $455.0K
NOI $27,302 @ 7.0% cap · market cap 10.50%
Theoretical Best
Office A
$584.7K
$511.6K – $682.2K
NOI $40,929 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Main-level storefront pairs with an upper residential unit and private outdoor spaces.
Where is this mixed-use property located?
The property is located at 145 W Main Platteville, WI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,112‑square‑foot mixed‑use building with commercial and residential components; Two‑bedroom, two‑story residential unit above the main‑level storefront; Upper patio plus an additional open deck
