1004 17th Ave Monroe, WI 53566-2005
This exceptional investment opportunity presents a rare chance to acquire a historic two-story commercial building situated on Monroe, Wisconsin's vibrant town square. The 3,485 square foot building, constructed in 1910, currently houses two commercial units, one of which is a thriving, long-established chocolate shop, offering immediate income potential. The building sits on a 0.08-acre lot and includes 5 parking spaces. The upper level, spanning the entire footprint of the building, presents a wealth of versatile space, ideal for conversion into apartments, modern office space, or creative studios. The property is zoned CMU, providing flexibility for a variety of uses. The building's prime location on the town square ensures high foot traffic and excellent visibility, making it an attractive proposition for a wide range of businesses. This unique property offers a blend of established income and significant upside potential, making it an exceptional investment in the heart of a thriving downtown area. Square footage and room dimensions are approximate; buyers are advised to verify if important. The property's APN is 251-0022.0000. Earnest money should be submitted using Trust Funds.
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Chocolate Temptation Specialty Food Shop Candy Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.