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    172 Lake Ave N Phillips, WI 54555

    For Sale
    $105,000

    COMMERCIAL - Phillips, WI

    Type:Office
    Lot size:
    0.05 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 172 Lake Ave N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bedroom 1
    Bedrooms
    1
    APN
    272-100303000
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    WoodSiding
    Roof type
    Rubber

    RE/MAX New Horizons Realty, LLC. (866) 386-6818 [email protected]

    Listing agent ALLI MATHYS (920) 312-0113 License #84761 - 94

    Listing date Nov 19, 2025

    MLS# 210198 Listing URL

    Copyright © 2025 Northwoods Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Office Building with Apartment

    This versatile office building features a welcoming reception area and four functional office spaces, along with a kitchenette. The upstairs includes a one-bedroom, one-bath apartment that is currently under contract with the State of Wisconsin Corrections for $675/month, which is renewed every year in June. The property is located in Phillips, WI, and has a lot size of 0.05 acres. A new sidewalk has been installed in front of the building. The property is suitable for office space and offers an investment opportunity for additional income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phillips
    County
    Price
    State
    Wisconsin
    Longitude
    -90.39737377
    Latitude
    45.69002265

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    FAQs

    What type of property is this?
    Office building - Office building with apartment and income potential in Phillips, WI.
    Where is this office building located?
    The property is located at 172 Lake Ave N Phillips, WI.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: - Income-generating one-bedroom apartment currently under contract with the State of Wisconsin Corrections for $675/month.; - Versatile office building with a welcoming reception area and four functional office spaces.; - Convenient kitchenette included in the office space.
    (920) 312-0113
    Request Owner's contact information
    172 Lake Ave N Phillips, WI 54555
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    172 Lake Ave N Phillips, WI 54555
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