Bought with CASSIDY ECKLUND
$275,000
$259,900
5.8%For more information regarding the value of a property, please contact us for a free consultation.
225 N LAKE AVENUE Phillips, WI 54555
6,645 SqFt
Key Details
Sold Price $275,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,645 sqft
Price per Sqft $41
Municipality PHILLIPS
MLS Listing ID 22404897
Sold Date 11/25/24
Year Built 1977
Annual Tax Amount $3,505
Tax Year 2023
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Sq. Ft is agent measured, buyer to verify. EM held at Gowey Title. Possible brown site (soil contamination) due to abandoned gas station next door.,Seize the chance to own a prime commercial property situated on the busiest highway in Phillips, WI! This multi-use property features five spacious apartments?two offering stunning water views?along with a spacious storefront business space complete with a showroom, large office, break room, and bathroom. Tenants pay extra for garage space, and the four advertising slots on the building's side generate additional monthly revenue. With a high yearly income after expenses, this property is a fantastic opportunity for anyone looking to expand their investment portfolio! The new owner shall honor all existing leases and contracts as landlord until the previously agreed upon date of termination. Don?t miss out on this prime investment opportunity!
Location
State WI
County Price
Zoning Commercial
Interior
Interior Features Smoke Alarm
Heating Natural Gas
Cooling Baseboard
Exterior
Exterior Feature Concrete
Utilities Available Separate Meter
Roof Type Flat,Rubber/Membrane
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
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