243 High St - Flex FOR SALE


Mineral Point, WI 53565
$299,999 USD
262-328-4180
243 High St, Mineral Point, WI for Sale
$299,999 USD
Flex - FOR SALE
1/22
null | 5.6% Cap Rate

243 High St
Mineral Point, WI 53565


HIGHLIGHTS

  • Laundromat
  • Airbnb
  • Rental

OVERVIEW

Prime Investment Opportunity: Mixed-Use Property in Historic Mineral Point 243 High Street, Mineral Point, WI 53565 Looking for a turnkey investment that pays for itself from day one? This unique mixed-use building in the heart of historic Mineral Point offers a rare combination of stable commercial income and high-upside short-term rental revenue. Price: $299,999 The Opportunity This property isn't just a building; it's a dual-stream income engine. Featuring a fully operational laundromat on the main floor and a charming residential unit above (currently utilized as a successful Airbnb), it generates a consistent net income of $1,400 per month. Property Highlights The Main Level: A well-established Laundromat business (included in sale). This essential service provides steady, "recession-proof" cash flow with minimal daily oversight required. The Upper Level: A beautiful Apartment/Airbnb unit. Mineral Point is a premier destination for art lovers and tourists; this unit stays in high demand, offering significantly higher margins than a traditional long-term rental. Historic Charm: Built in 1860, the building features classic architecture and excellent street frontage on High Street, the town’s primary thoroughfare. Turnkey Transition: Both the real estate and the business are included in the $299,000 asking price. Financial Snapshot Total Net Income: $1,400/month (after expenses). Zoning: Commercial. Year Built: 1860 (well-maintained). Square Footage: Approx. 4,680 sq. ft. total. Lot Size: 117' x 20'. Location Located in the vibrant community of Mineral Point, known for its thriving arts scene, historic Cornish heritage, and consistent tourism. 243 High Street sits right in the path of progress, surrounded by galleries, shops, and restaurants. Serious inquiries only. This is a "For Sale By Owner" listing, offering a streamlined buying process for investors or owner-operators looking to plant roots in one of Wisconsin’s most beautiful towns.

FOR SALE DETAILS

PRICE

$299,999 USD

PRICE/SF

$120 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laundromat/Airbnb

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1865

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

251-0096

ASK ABOUT THIS PROPERTY

Andy FallonEmergency Disaster RecoveryMore Info
262-328-4180

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Andy FallonEmergency Disaster RecoveryMore Info
262-328-4180

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