For Sale
$450,000

218 Merchant RowMilton, WI 53563

Charming renovated building, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
116
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!

Highlights

  • Investor opportunity: 4,056 SF mixed-use building in Milton, WI.
  • Meticulously renovated in 2024, blending historic charm with modern updates.
  • Main level: 3,300 SF net rentable, leased for $19,800 annual income (retail & office).
  • Two renovated 1-bedroom apartments upstairs, offering $22,000+ annual income potential (short-term or annual lease).
  • New roof, furnaces, AC systems, hot water heaters, plumbing, and electrical.

Property Details for 218 Merchant Row

Property type
Specialty properties, Retail properties
Square Feet
4,056 SF
Year Built/Renovated
1899/2024
Buildings
1
Stories
2
Units
4

Location Insight

City
Milton
County
Rock
State
Wisconsin
Latitude
42.7810002
Longitude
-88.9633667
218 Merchant Row, Milton, Wisconsin

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218 Merchant Row
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