Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Level Lot in Downtown Title is generated by Realmo AI

    6970 GOGEBIC ST, Three Lakes, WI 54562

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $75,000

    LAND - Three Lakes, WI

    Lot size:
    0.21 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    114
    Last Refresh:
    May 31 at 10:06 am

    Property Features for 6970 GOGEBIC ST

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    03601-2506-0000
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    VILLAGE OF THREE LAKES LOT 12 BLK 7
    Tax Annual Amount
    162

    We can help!

    Listing Contact
    JEREMY OBERLANDER
    JEREMY OBERLANDER

    Listing agent JEREMY OBERLANDER License #86995-94

    Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI

    Listing date Feb 6, 2026

    MLS# 215717 Listing URL

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Level, buildable lot ideal for easy construction.
    • Located in downtown Three Lakes, Wisconsin.
    • City water and city sewer connections included.
    • Municipal utilities allow for efficient construction and higher‑density build.
    • Rare and valuable find in the area.

    Overview

    This level lot is located in downtown Three Lakes, Wisconsin. The 0.2065-acre parcel is suitable for building a home. The property is equipped with city water and city sewer, which allows for efficient construction and a higher-density build.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Three Lakes
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.1706229
    Latitude
    45.7968718

    Nearby Similar for Sale

    • $499,900
      3,362 SF

      Mixed-Use Investment in Three Lakes

      Mixed-use property with commercial space and residential units in Wisconsin.
      1791 SUPERIOR ST, Three Lakes, WI 54562
      View Details
    • $435,900

      Prime Commercial Land Opportunity

      1.04-acre commercial land parcel in Three Lakes, Wisconsin.
      1785 SUPERIOR ST, Three Lakes, WI 54562
      View Details
    • $435,900

      Prime Commercial Development Opportunity

      1.04-acre level parcel in the heart of Three Lakes, WI.
      1785 SUPERIOR ST, Three Lakes, WI 54562
      View Details
    • $1,100,000

      Iconic Black Forest Pub

      Established restaurant and bar in the heart of Three Lakes.
      1765 SUPERIOR ST, Three Lakes, WI 54562
      View Details
    • $47,000

      Commercial Lot in Three Lakes

      Prime commercial land with high visibility in a coveted community.
      6996 HWY 45, Three Lakes, WI 54562
      View Details
    • $379,000

      Butternut Lake Waterfront Lot

      1.4-acre lot with 150 feet of sandy frontage.
      15042 LAKEVIEW RD, Three Lakes, WI 54562
      View Details
    • $1,300,000

      Waterfront Land on Three Lakes

      Rare 3.65-acre waterfront parcel with 829 feet of frontage.
      Lot BONKOWSKI RD, Three Lakes, WI 54562
      View Details
    • $349,900

      Three Lakes Vacant Land Parcel

      40-acre parcel near town with commercial and residential zoning.
      Lot HWY 32, Three Lakes, WI 54562
      View Details
    • $60,000

      Wooded Lot in Three Lakes

      Build-ready lot near amenities and trails in Three Lakes, WI.
      ON HURON ST, Three Lakes, WI 54562
      View Details
    • $185,000

      Three Lakes Buildable Lot

      1.86 acre buildable lot on Crystal Lake.
      Off HWY 45, Three Lakes, WI 54562
      View Details
    • $240,000

      Buildable Waterfront Lot on Crystal

      1.5 acre lot with 200' frontage on Crystal Lake.
      Off HWY 45, Three Lakes, WI 54562
      View Details
    • $99,000

      75 Acres Recreational Land in Wisconsin

      75 acres of recreational land bordering state forest in Piehl.
      75 Acres NELSON LANDING RD, Piehl, WI 54562
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot with city utilities in Three Lakes, Wisconsin.
    Where is this residential land & home lot located?
    The property is located at 6970 GOGEBIC ST Three Lakes, WI.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Level, buildable lot ideal for easy construction.; Located in downtown Three Lakes, Wisconsin.; City water and city sewer connections included.
    (715) 891-5992
    We can help!
    Listing Contact
    JEREMY OBERLANDER
    JEREMY OBERLANDER
    Real Estate License ID: 86995-94
    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

    Thank You for Inquiry
    6970 GOGEBIC ST, Three Lakes, WI 54562
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!