234 State St Mauston, WI 53948-1356
This exceptional mixed-use property at 234 W State St, Mauston, WI 53948 presents a unique investment opportunity. The 7,280 square foot building, constructed in 1915, boasts three stories and sits on a 0.63-acre lot. Currently configured as a single-tenant creative office space, it offers significant versatility. The main level features a grand room ideal for large events, while the lower level includes an industrial kitchen and ample business space with multiple windows. Both the main and upper levels include a dining room, kitchen, and full bathroom. Recent improvements include two new furnaces and ductwork, along with a $200,000 roof repair and update. The sale price of $299,900 includes the adjacent lot, providing additional parking possibilities. The property is zoned G2 and offers a compelling blend of historic charm and modern functionality. This owner-user investment is perfect for those seeking a unique space with high upside potential in a thriving business district. The building's size, layout, and recent renovations make it an attractive option for a variety of uses. Don't miss this chance to own a piece of Mauston's history.
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
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.