404 Main Ave Wheeler, WI 54772
This exceptional investment opportunity presents a 1,980 square foot commercial building located at 404 Main Avenue in Wheeler, Wisconsin. The property boasts a rich history, having served as a post office for over 40 years, with a current lease in place until 2028, generating a monthly income of $625. The lease includes options to extend the agreement until 2038, providing long-term financial stability. Adding to the income stream is a charming one-bedroom, one-bathroom apartment situated at the rear of the building, currently rented for $350 per month. Recent improvements include the installation of new concrete steps and sidewalks, enhancing curb appeal and accessibility. The apartment features convenient rear parking. This unique property sits on a 0.14-acre lot and is offered at $150,000, presenting a compelling blend of historical significance, consistent rental income, and future growth potential. The combination of a long-term, stable post office lease and a separately rented apartment makes this a truly attractive investment opportunity in the heart of downtown Wheeler. Don't miss this chance to acquire a piece of Wheeler's history and secure a promising financial future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.