Historic Office and Restaurant
90 E Mineral Platteville, WI 53818
90 E Mineral, Platteville, WI, 53818
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For Sale
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Historic two-story building currently configured for office and meeting use with central air and a customer bathroom.
Property Size800 SF
Price / SF$162.38
Days on Market99
Property Features for 90 E Mineral
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1849
Listing agency
Platteville Realty LLC
(608) 778-5488
Listed by
Renee Winkler · License #56155-90
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 8:02PM Checked: Jul 22 at 8:02PM
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 Platteville Realty LLC
Investment Insights
Based on property information with market context.
This two-story historic “Parnell” building was built in 1849 and is listed on the historic registry. The building is currently operating as an office and meeting space, with two small office spaces and a large entry that can support small office use. Central air is in place, and there is a customer bathroom.
The property is located in downtown Platteville at 90 E Mineral. It also includes walk-in Thermo-Kool coolers that have not been removed since the last food-service use; they have not been used in several years, but worked when last used.
With its existing layout and the remaining food-service refrigeration equipment, the building offers flexibility for a range of commercial uses while maintaining its historic character.
The property is located in downtown Platteville at 90 E Mineral. It also includes walk-in Thermo-Kool coolers that have not been removed since the last food-service use; they have not been used in several years, but worked when last used.
With its existing layout and the remaining food-service refrigeration equipment, the building offers flexibility for a range of commercial uses while maintaining its historic character.
Key Highlights
- Historic two‑story “Parnell” commercial building built in 1849 and listed on the historic registry
- Currently operating as office/meeting space with a large entry plus two small office spaces
- Central air and a customer bathroom
Local Financial Insights For Office B
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 | $18.0k | $22.56 |
| − Vacancy | −$3.2k | −$4.06 |
| EGI | $14.8k | $18.50 |
| − OpEx | −$3.7k | −$4.62 |
| NOI | $11.1k | $13.87 |
800 SF · lease $22.56/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$158.6K
$138.8K – $185.0K
NOI $11,100 @ 7.0% cap · market cap 8.55%
Second Best
Specialty Retail
$158.3K
$138.5K – $184.7K
NOI $11,080 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$221.5K
$193.8K – $258.4K
NOI $15,503 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Historic two-story building currently configured for office and meeting use with central air and a customer bathroom.
Where is this office units located?
The property is located at 90 E Mineral Platteville, WI.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Historic two‑story “Parnell” commercial building built in 1849 and listed on the historic registry; Currently operating as office/meeting space with a large entry plus two small office spaces; Central air and a customer bathroom
