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    Property profile & analytics

    218 Merchant Row Milton, WI 53563-1137

    • Investment properties
    • 1,560 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $180,000
    Last Sale
    May 11, 2022
    $150,000
    Location Intelligence
    Property ID
    US92-0989312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 218 Merchant Row

    Year built
    1899
    Lot size
    0.07 lot acres
    Property size
    1,560 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    V-23-512
    APU
    V23512

    Description

    Investor opportunity in the heart of Milton, Wisconsin! The Seeger Building, a meticulously renovated mixed-use property at 218-220 Merchant Row and 221 First Lane (APN 257060002), offers 4,056 square feet of space across two stories. Built in 1899 and completely renovated in 2024, this building boasts a blend of historic charm and modern updates. The main level features 3,300 square feet of net rentable space, currently leased as retail space in the front and office space in the back, generating $19,800 in annual income. Upstairs, two spacious one-bedroom apartments, also recently renovated, provide additional income potential of $22,000+ annually. These apartments can be leased annually or utilized as short-term vacation rentals. Significant improvements include three new furnaces, three central air systems, three new hot water heaters, complete plumbing and electrical upgrades, and a new roof. The property is zoned B3 and comprises one building with four units. This turnkey investment is ready for immediate income generation. Don't miss this chance to own a piece of Milton's history!

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $210,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $175,000
      Mixed-Use
      $205,000
      Hospitality
      $205,000
      Educational
      $205,000
      Residential Income
      $215,000
      Energy
      $215,000
      Income-Based Land
      $170,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Rock
    State
    Wisconsin
    Longitude
    -88.9634
    Latitude
    42.781
    CBSA code
    27500
    CBSA name
    JANESVILLE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,719
    $9,100
    $111,900
    $121,000
    -
    $0.00
    $0.00
    $157,100

    Comparable in this City

    • Value Estimation
      $440,000
      1.50 Acres

      104 Hilltop Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1.50 Acres
      104 Hilltop Dr, Milton, WI 53563-1404
      View Details
    • Value Estimation
      $290,000
      2,400 SF

      650 College St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      650 College St, Milton, WI 53563-1516
      View Details
    • Value Estimation
      $150,000
      840 SF

      217 Parkview Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 840 SF
      217 Parkview Dr, Milton, WI 53563-1536
      View Details
    • Value Estimation
      $145,000
      1,200 SF

      315 Parkview Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,200 SF
      315 Parkview Dr, Milton, WI 53563-1538
      View Details
    • Value Estimation
      $100,000
      0.13 Acres

      701 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      701 High St, Milton, WI 53563-1547
      View Details
    • Value Estimation
      $205,000
      720 SF

      213 Parkview Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 720 SF
      213 Parkview Dr, Milton, WI 53563-1536
      View Details

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    218 Merchant Row
    Milton, WI 53563-1137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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