218 Merchant RowMilton, WI 53563

Property Details for 218 Merchant Row

Year built

1899

Lot size

0.07 AC

Property size (Sq ft)

1,560 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

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!

• CAP approach

  CAP return

  Valuation

  6%

  $281,677

  6.5%

  $260,009

  7%

  $241,437

• Comparable approach

  Method

  Valuation

  Relative Method

  $158,376

  Geo Method

  $203,190

• Alternative Use

  Use

  Valuation

  Residential

  $322,411

  Hospitality

  $295,327

  Educational

  $245,709

  Medical

  $254,159

  Retail

  $382,213

Location Insight

City

Milton

County

Rock

State

Wisconsin

Latitude

42.781

Longitude

-88.9634

CBSA code

27500

CBSA name

JANESVILLE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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