Investment Overview

Marcus & Millichap is pleased to present 155 West Main Street in the City of Whitewater, Walworth County, Wisconsin. The property comprises a 6,098 square foot parcel improved with a 3-story mixed use building. It fronts along both West Main Street (to the north) and West Center Street (to the south). The zoning is B-2, Downtown Central Business District. This 3-story mixed-use building was constructed in 1885 (per assessor's records). It consists of two first floor commercial suites and sixteen apartment units on the second and third floors. The second and third floors were renovated into apartments in 2007. There is also mostly unfinished basement area used for storage and mechanicals. The apartment unit mix comprises (1) 1-Bedroom Unit, (1) 1-Bedroom with Den Unit, (10) 2-Bedroom Loft units, (1) 3-Bedroom unit, (2) 3-Bedroom Loft Units, and (1) 4-Bedroom Unit. A refrigerator, stove, and dishwasher (per owner) are provided to each unit. Tenants pay $15 per person per month for Utility Reimbursement. The commercial units are heated and cooled with gas-fired furnaces and central air conditioners. The apartment units 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. The owner is responsible for common area electric, the electric for the elevator, and the water/sewer expense. The residential tenants pay for their own electric and gas (heat and hot water). The commercial tenants are responsible for their own electric and gas. The building has a flat roof with reported rubber membrane covering. There is one elevator which serves the three floors. 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 6/1/23 through 5/31/2024) is $200.