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Laundromat/Airbnb 243 High St 2,500 SF 100% Leased Retail Building Mineral Point, WI 53565 $299,999 ($120.00/SF) 5.60% Cap Rate
Investment Highlights
- Built in 1860, the building features classic architecture and excellent street frontage on High Street, the town’s primary thoroughfare.
- Located in the vibrant community of Mineral Point, known for its thriving arts scene, historic Cornish heritage, and consistent tourism.
Executive Summary
Prime Investment Opportunity: Mixed-Use Property in Historic Mineral Point - 243 High Street, Mineral Point, WI 53565 - Price: $299,999
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.
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.
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'.
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.
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.
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.
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'.
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.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1865/2023
Price
$299,999
Price Per SF
$120.00
Cap Rate
5.60%
NOI
$16,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 251-0096 | Improvements Assessment | $112,400 |
| Land Assessment | $19,500 | Total Assessment | $131,900 |
Property Taxes
Parcel Number
251-0096
Land Assessment
$19,500
Improvements Assessment
$112,400
Total Assessment
$131,900
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Laundromat/Airbnb | 243 High St
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