Mixed-Use Property with
For Sale
$749,900
16-18 Front Street, Milton, WI 53563
Business/Comm, Milton, WI
Property Size3,040 SF
Lot Size0.10 Acres
Price / SF$246.68
Days on Market129
Property Features for 16-18 Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NMU
Interior features
Alley, Shared Restrooms, Display window, Smoke Detectors
Lot features
Business district, High Traffic Location, High Visibility, Residential area
Directions
W Madison Ave to Front St.
Subdivision
MILTON - C
Standard status
Active
APN
257 160004
Size
3,040 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4246
Building Details
Year built
2004
Number of units
2
Roof type
Metal
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(608) 756-4196
Listed By:
Beth Hanthorn · License #5310690
(608) 346-8189
Added: Jun 10
Changed: Aug 31
Last Checked: Oct 16 at 8:06AM
MLS# 2024638
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.
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Investment Insights
Based on property information with market context.
This mixed-use property at 16-18 Front Street combines real estate with two operating businesses: a pizza restaurant and a laundromat. The 3,040-square-foot building includes a cooking and preparation area, commercial ovens, restaurant equipment, a TOAST POS system, office space, and a restroom. The laundromat is equipped with 26 washers and 12 dryers, along with a new water heater.
Built in 2004, the property sits on 0.1 acres in Milton’s NMU zoning district. Interior features include a display window, alley access, smoke detectors, and shared restrooms. A metal roof completes the building improvements.
Built in 2004, the property sits on 0.1 acres in Milton’s NMU zoning district. Interior features include a display window, alley access, smoke detectors, and shared restrooms. A metal roof completes the building improvements.
Key Highlights
- Mixed‑use property with a pizza restaurant and laundromat
- 3,040 square feet on 0.1 acres
- Laundromat includes 26 washers and 12 dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,968
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,360
$959.4K
Cap Rate 7%
$685,257
$685.3K
Cap Rate 9%
$532,978
$533.0K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$65.7K $21.60/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$64.0K $21.04/SF
− OpEx
−$16.0K −$5.26/SF
NOI
$48.0K $15.78/SF
Area
Rock County, WI
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,360
Cap Rate 7%
$685,257
Cap Rate 9%
$532,978
Alternative Uses
Best Use
Specialty Retail
$685.3K
$599.6K – $799.5K
NOI $47,968 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$524.2K
$458.7K – $611.6K
NOI $36,695 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$730.5K
$639.2K – $852.3K
NOI $51,138 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
10,689 visits/mo
0.0 miles
Dollar General
Shops & Services
6,214 visits/mo
0.4 miles
Demographics for 53563, WI
11,503
Population
4,672
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
172
Density / Sq Mi
$89,397
Median Household Income
$47,742
Median Earnings
$972
Median Rent
$270,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an operating pizza business, laundromat, commercial kitchen equipment, and office space.
Where is this mixed-use property located?
The property is located at 16-18 Front Street Milton, WI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Mixed‑use property with a pizza restaurant and laundromat; 3,040 square feet on 0.1 acres; Laundromat includes 26 washers and 12 dryers
