104-110 High St - Storefront FOR SALE


Mineral Point, WI 53565
$649,900 USD
608-574-9145
104-110 High St, Mineral Point, WI for Sale
$649,900 USD
Storefront - FOR SALE
1/75
null | 10.68% Cap Rate

NEW


104-110 High St
Mineral Point, WI 53565


HIGHLIGHTS

  • Corner Lot
  • Downtown Historic Mineral Point
  • Great Foot Traffic

OVERVIEW

Located in the heart of historic Mineral Point, this mixed-use investment property offers immediate cash flow with significant upside potential. The property consists of six fully occupied residential apartments generating over $6,000 per month in rental income, an established commercial tenant, and eight additional office suites that may be leased individually or combined to accommodate a larger commercial user. A lower-level garden suite provides value-add potential for conversion to an additional apartment or commercial space, subject to applicable approvals. The building has undergone numerous capital improvements, including tuckpointing, structural reinforcements, a newer roof, updated electrical, a new deck and stair system, and other major renovations, minimizing near-term capital expenditures. Positioned on a prominent corner along High Street with excellent visibility and walkability to downtown businesses, restaurants, and attractions, this is a rare opportunity to acquire a stabilized, income-producing asset with future upside in one of Wisconsin's most desirable historic communities.

FOR SALE DETAILS

PRICE

$649,900 USD

PRICE/SF

$56 USD /SF

CAP RATE

10.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,826 SF

ZONING

C-1

APN/PARCEL ID

251-0053

ASK ABOUT THIS PROPERTY

Christina WeitzelRE/MAX PreferredMore Info
608-574-9145

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Christina WeitzelRE/MAX PreferredMore Info
608-574-9145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.