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    512 Mill St Goodman, WI 54125

    For Sale
    $259,000

    Apartment, 2 Story - Goodman T-WI, WI

    Type:Apartment
    Property size:
    12,000 SF
    Lot size:
    0.38 Acres
    Days on Market:
    93
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 512 Mill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    Mixed Use,Multi-Family
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    Bathrooms
    6
    APN
    12-2155.1
    Parking features
    Unassigned
    Patio and Porch features
    Porch
    Interior features
    DSL Available, Elevator/Lift
    Exterior features
    Porch, Sidewalks
    Basement Y/N
    1
    Accessibility
    Accessible Elevator Installed
    Appliances
    Range, Refrigerator
    Size
    12,000 SF
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    7
    Building materials
    Brick
    Architectural style
    Other

    HANSON REALTY INC (715) 324-5868

    Listing agent LISA HANSON (715) 324-5868

    Listing date Sep 4, 2025

    MLS# 50165981 Listing URL

    Copyright © 2025 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

    Mixed-Use Property with Income Potential

    This mixed-use property features a blend of modern and historical elements, suitable for both personal use and rental income. The main floor apartment, offering two to three bedrooms, is suitable for year-round living, a vacation getaway, or short-term rentals. The property includes 4,200 square feet of retail space that can be customized for business use or leased out for additional income. The upper level contains four rental units, providing income potential, and an unfinished unit that can be tailored to specific needs. The property is situated on a 0.38-acre lot and has a total size of 12,000 square feet. With multiple revenue streams, this property is an investment opportunity that promises immediate cash flow. The property is located in Goodman T-WI, Marinette County, Wisconsin and is zoned for Mixed Use and Multi-Family.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Dental Office Auto Repair Shop Clothing Store HVAC Service Bar & Pub Electronics Store Senior Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodman
    County
    Marinette
    State
    Wisconsin
    Longitude
    -88.358303901672
    Latitude
    45.631653737939

    Nearby Similar for Sale

    • $3,099,000

      Contractor Business For Sale

      Established contractor business with contracts in place for future projects.
      Confidential Rd, Goodman, WI 54125
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Spacious property with retail space and multiple rental units.
    Where is this mixed-use property located?
    The property is located at 512 Mill St Goodman, WI.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - Multiple Revenue Streams: Main floor apartment, retail space, and four rental units offer immediate cash flow.; - Large Retail Space: Features a 4,200 sq. ft. retail space adaptable for business or rental income.; - Versatile Main Floor Apartment: Spacious 2-3 bedroom apartment suits year-round living, vacation getaways, or short-term rentals.
    (715) 324-5868
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    Goodman, WI 54125
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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
    512 Mill St Goodman, WI 54125
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