Auto Repair Shop with Auto
New
For Sale
$450,000
210 E Main Street, Platteville, WI 53818
COMMERCIAL - Platteville, WI
Property Size1,843 SF
Lot Size0.27 Acres
Price / SF$244.17
Days on Market7
Property Features for 210 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Interior features
Overhead doors, Truck dr(s) 15ft or lower, Public rest rooms, Less than 440 volt, Reception area, Signage available, Display window, Outside storage, Compressor, Auto Bay, Auto Lift, Electric Hot Water Heater, Garage Door Opener
Lot features
Business district, Corner, Free standing, High Traffic Location, High Visibility
Directions
Located on corner of East Main and North Water Street
Subdivision
PLATTEVILLE - C
Standard status
Active
APN
271011050000
Size
1,843 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5625
Building Details
Year built
1940
Number of units
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Jon Miles Real Estate
(608) 822-4700
Listed By:
Howard Miles
(608) 822-4700
Added: Aug 6
Changed: Aug 12
Last Checked: Aug 12 at 8:06AM
MLS# 2028970
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.
Investment Insights
Based on property information with market context.
Located at 210 E Main Street in Platteville, this 1,843-square-foot automotive property occupies a 0.27-acre corner lot. The building dates to 1940 and has a metal roof, reception area, display window, public restroom, signage availability, and an auto bay with an auto lift. Overhead doors accommodate trucks 15 feet or lower, while a compressor, garage door opener, electric hot water heater, and outside storage support shop operations. Electrical service is less than 440 volt.
The property is positioned near a busy highway and Main Street businesses, with parking for up to 18 vehicles. Zoned B2, it has housed an automotive repair business for the last 22 years.
The property is positioned near a busy highway and Main Street businesses, with parking for up to 18 vehicles. Zoned B2, it has housed an automotive repair business for the last 22 years.
Key Highlights
- 1,843 SF automotive property on a 0.27‑acre corner lot
- B2 zoning with automotive repair improvements
- Overhead doors accommodate trucks 15ft or lower
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
$23,824
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
5.29%
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%
$476,480
$476.5K
Cap Rate 7%
$340,343
$340.3K
Cap Rate 9%
$264,711
$264.7K
Market Conditions
NOI Build-Up for 1,843 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
$34.9K $18.96/SF
− Vacancy
−$909 −$0.49/SF
EGI
$34.0K $18.47/SF
− OpEx
−$10.2K −$5.54/SF
NOI
$23.8K $12.93/SF
Area
Grant County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$476,480
Cap Rate 7%
$340,343
Cap Rate 9%
$264,711
Alternative Uses
Best Use
Retail
$340.3K
$297.8K – $397.1K
NOI $23,824 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$154.8K
$135.4K – $180.6K
NOI $10,833 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$510.2K
$446.5K – $595.3K
NOI $35,716 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
94k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 37%
Groceries 17%
Hotels & Casinos 4%
Kwik Trip
Shops & Services
33,402 visits/mo
0.3 miles
Culver's
Dining
27,107 visits/mo
0.5 miles
Piggly Wiggly
Groceries
16,461 visits/mo
0.2 miles
Holiday Inn Express & Suites Platteville
Hotels & Casinos
3,844 visits/mo
0.2 miles
SUBWAY
Dining
3,342 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- NOVUS Glass of Platteville — 455 US-151 BUS, Platteville, WI 53818
Frequently Asked Questions
What type of property is this?
Auto shop - B2-zoned corner property with reception, display window, overhead doors, lift, compressor, outside storage, and vehicle parking.
Where is this auto shop located?
The property is located at 210 E Main Street Platteville, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,843 SF automotive property on a 0.27‑acre corner lot; B2 zoning with automotive repair improvements; Overhead doors accommodate trucks 15ft or lower
