Mixed-Use Retail and
309-313 West Milwaukee Street Janesville, WI 53548
309-313 West Milwaukee Street, Janesville, WI, 53548
$650,000
For Sale
$650,000
Seven-unit mixed-use property includes street-level retail storefronts and four 1-bedroom apartments.
Property Size3,200 SF
Price / SF$203.13
Days on Market92
Property Features for 309-313 West Milwaukee Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi Family / Apartment building
Building Details
- Year Built
- 1900
Listing agency
Apartment Cash Flow, Inc.
(414) 250-8132
Listed by
Max Fiascone · License #114459 - 94
(414) 250-8132
Source
Compass
Added: Apr 23 Updated: Jul 22 at 2:04PM Checked: Jul 22 at 2:04PM
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 Apartment Cash Flow, Inc.
Investment Insights
Based on property information with market context.
This 7-unit mixed-use investment property combines street-level retail storefronts with residential apartments. The configuration includes four 1BD/1BA apartments and three retail storefronts totaling 6,400 SF. One storefront will be delivered vacant at closing, while two retail units are leased through April 2027.
The property is located at 309–313 West Milwaukee Street in Janesville, WI, described as being in the heart of downtown. A roof re-siliconing was completed within the past five years.
The offering is presented as a full-service investment opportunity, with a current cap rate of 7.14% and a pro forma cap rate of 9.94% per the listing. The 2025 property taxes were reported as $4,280, and a full offering memorandum is available.
The property is located at 309–313 West Milwaukee Street in Janesville, WI, described as being in the heart of downtown. A roof re-siliconing was completed within the past five years.
The offering is presented as a full-service investment opportunity, with a current cap rate of 7.14% and a pro forma cap rate of 9.94% per the listing. The 2025 property taxes were reported as $4,280, and a full offering memorandum is available.
Key Highlights
- 7‑unit mixed‑use property with 4 retail storefronts and 4 1‑bedroom apartments (total retail area 6,400 SF)
- Two retail units leased through April 2027; one storefront delivered vacant at closing
- Reported current cap rate of 7.14% and proforma cap rate of 9.94%
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $18.00 |
| − Vacancy | −$2.4k | −$0.76 |
| EGI | $55.2k | $17.24 |
| − OpEx | −$16.6k | −$5.17 |
| NOI | $38.6k | $12.07 |
3,200 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$551.8K
$482.8K – $643.8K
NOI $38,627 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,952 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$769.0K
$672.9K – $897.2K
NOI $53,829 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Seven-unit mixed-use property includes street-level retail storefronts and four 1-bedroom apartments.
Where is this mixed-use property located?
The property is located at 309-313 West Milwaukee Street Janesville, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7‑unit mixed‑use property with 4 retail storefronts and 4 1‑bedroom apartments (total retail area 6,400 SF); Two retail units leased through April 2027; one storefront delivered vacant at closing; Reported current cap rate of 7.14% and proforma cap rate of 9.94%
