For Sale: Alma MLS# 7020483
Active
NEW!
$225,000
Commercial: 2 Stories
5 br • 2 ba • Built 1890
0.111 acres
MLS# 7020483
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Property Description
Mixed-use investment opportunity in downtown Alma, Wisconsin overlooking the Mississippi River. This well-maintained property features a leased commercial storefront on the main level and residential units above and behind, creating a strong income-producing opportunity with leases already in place.
The main floor commercial space offers prominent street frontage with large front windows and an open interior currently occupied by a salon tenant (business not included). Residential units offer spacious layouts, full kitchens, and comfortable living areas suited for long-term tenancy.
Property has been carefully maintained by current ownership and includes 3-phase electrical service. Upper-level balcony and living spaces capture scenic Mississippi River views, adding to the building’s character and tenant appeal.
A strong opportunity for investors seeking a stabilized mixed-use property with established rental income in Alma.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$225,000
Property Type:
Commercial
City:
Alma
Garage Spaces:
0
County:
Buffalo
Year Built:
1890
State:
WI
Property Style:
2 Stories
Zip Code:
54610
Interior
Bedrooms:
5
Bathrooms:
2
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1,600 ft2
Handicap Accessible:
Stair Chair Lift
Heating System:
- Baseboard
- Forced Air
Parking Features:
On-Street Parking Only
Unit Amenities:
Balcony
Exterior Material:
Frame
Lake & Waterfront
Waterfront:
River View
Lot & Land
Acres:
0.111
Geolocation:
44.322632, -91.915799
Inclusions:
Building, Leases
Lot Dimensions:
50 x 74 x 70 x 95
Zoning:
Business/Commercial
Schools
School District:
2294
District Phone:
6086854416
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,325
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,325
Income
Annual Gross Income:
$21,000
Units
Total Units:
3
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Residential
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Jewson Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.