Investment Overview

Marcus & Millichap is pleased to present 151-153A-155 West Main Street in the City of Whitewater, Walworth County, Wisconsin. The combined site comprises three adjacent parcels that contain a total of 11,326 square feet (0.26 acres). It has 94 feet of frontage along West Main Street and 94 feet of frontage along West Center Street. The zoning is B-2, Downtown Central Business District. This mixed-use building includes three adjacent and connected retail and multifamily buildings. They were constructed in 1855 and 1900 (per assessor's records). The second and third floors were renovated into apartments in 2007. These 3-story buildings contain a total of (5) five first floor commercial suites and 23 apartment units. There is also mostly unfinished basement area used for storage and mechanicals. The apartment unit mix comprises (1) 1-Bedroom unit, (1) 1-Bedroom plus Den unit, (5) 2-Bedroom units, (10) 2-Bedroom Loft units, (2) 3-Bedroom units, (2) 3-Bedroom Loft units, and (2) 4-Bedroom units. A refrigerator and stove are provided. There are 16 units with dishwashers (per owner). The commercial units are heated and cooled with gas-fired furnaces and central air conditioners. The seven residential units in the 151 Building are heated with a gas-fired boiler (2018). These units feature central air conditioning (per owner). The 16 residential units in the 155 Building are heated with individual gas-fired furnaces. The third floor units also have central air conditioning (per owner). The owner provides an air conditioner for each second floor unit. Each building has a flat roof with reported rubber membrane covering. There is one elevator which serves the 155 West Main Street Building. The site lacks on-site parking. However, there is a municipal parking lot one block to the north (across the street) off North 1st Street (identified as Lot G). Students are able to purchase a parking pass from the city. The cost of a 1-year permit (from 6/1/22 through 5/31/2023) was $200.