Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2143 Regina Florence, WI 54121

    View on Map
    For Sale
    $224,000

    Vacant Land - Florence T-WI, WI

    Lot size:
    0.61 Acres
    Added:
    Nov 15, 2025
    Days on Market:
    137
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 2143 Regina

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    010-02206-0000
    Lot size
    0.61 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1941

    Utilities

    Water front features
    Lake Frontage, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MICHAEL CONNORS

    Listing agent MICHAEL CONNORS License #60666-90

    Listing office CONNORS REALTY GROUP 520 West B Street, Iron Mountain, WI

    Listing date Nov 15, 2025

    MLS# 50194385 Listing URL

    Copyright © 2026 Upper Peninsula 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

    Waterfront Lot on Cosgrove Lake

    This 0.61-acre waterfront lot is situated along the shores of Cosgrove Lake, offering 100 feet of lake frontage and water views. The property features a building site with a gentle slope to the lake, suitable for a walk-out lower level. The parcel also features year-round paved road access and direct access to the Florence County trail system, suitable for ATV and snowmobile excursions. Cosgrove Lake spans 76 acres and is known for its clear waters and fishing. The property is located in Florence T-WI, WI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    Wisconsin
    Longitude
    -88.1676
    Latitude
    45.896648

    Nearby Similar for Sale

    • $339,500
      6,720 SF

      Florence Commercial/Industrial Building For Sale

      Commercial/Industrial building with new overhead doors near Spread Eagle Chain.
      1505 US HWY 2, Florence T-WI, WI 54121
      View Details
    • $900,000

      Waterfront Land on Spread Eagle

      Rare 1.93-acre waterfront parcel with cabins and dock.
      4829 Carpenter, Florence T-WI, WI 54121
      View Details
    • $1,500,000

      Waterfront Land with Cottages

      Rare 2.5-acre waterfront parcel with cottages and sandy beach.
      1487 Town U, Florence T-WI, WI 54121
      View Details
    • $54,900

      10 Acres Ready to Build

      Expansive acreage near Florence, WI, ideal for hobby farm.
      BRULE DAM RD unit: On, Florence, WI 54121
      View Details
    • $48,500

      Wooded Land in Florence County

      5-acre wooded property with rolling terrain in Florence, WI.
      MUD LAKE RD unit: On, Florence, WI 54121
      View Details
    • $51,500

      8.5 Acres in Florence County

      8.5-acre parcel ideal for hobby farm or Northwoods retreat.
      BRULE DAM RD unit: On, Florence, WI 54121
      View Details
    • $22,000

      Wooded Land Near County Lands

      Almost an acre of wooded land perfect for a cabin.
      6304 Duck Lake, Florence T-WI, WI 54121
      View Details
    • $48,500

      Wooded Lot in Florence County

      5-acre wooded lot ideal for cabin or year-round home.
      MUD LAKE RD unit: On, Florence, WI 54121
      View Details
    • $66,900

      Land Near Brule River

      1.5 acre vacant land near Brule River and Blue Ox Trail.
      5070 2nd Crossing, Florence T-WI, WI 54121
      View Details
    • $54,900

      10 Acres of Open Land

      10-acre lot in Florence, Wisconsin, ideal for homesteading or farming.
      BRULE DAM RD unit: On, Florence, WI 54121
      View Details
    • $51,500

      Florence, WI 8.5-Acre Retreat

      8.5-acre Florence retreat with privacy and scenic views.
      BRULE DAM RD unit: On, Florence, WI 54121
      View Details
    • $15,000

      Florence Vacant Building Lots

      Two adjacent vacant building lots on a well-maintained road.
      TBD Lake, Florence T-WI, WI 54121
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.61-acre waterfront lot with 100 feet of lake frontage.
    Where is this waterfront land located?
    The property is located at 2143 Regina Florence, WI.
    What is the asking price?
    The asking price for this property is $224,000.
    What are key features of this property?
    This property features: 0. 61‑acre waterfront lot with **100 feet of lake frontage on Cosgrove Lake.**; Excellent building site with a gentle slope ideal for a walk‑out lower level.; Year‑round paved road access.
    (906) 282-7716
    We can help!
    Listing Contact
    MICHAEL CONNORS
    Real Estate License ID: 60666-90
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!