Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    748 Central Ave Florence, WI 54121

    For Sale
    $895,000

    Historic,Investment - Florence T-WI, WI

    Property size:
    15,400 SF
    Lot size:
    0.16 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 748 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    010-02594-0000
    Parking features
    Parking Lot
    Interior features
    220 Volt Power, ADA Accessible, Carpet, Ceramic Floor, Internet Available, Fixtures, Furniture, Lockers, No Elevator, Public Restrooms, Reception Area, Restroom(s), Tile Floors, Wood Floors, Smoke/Fire Alarm
    Exterior features
    Ada Accessible
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Size
    15,400 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Exhaust Fan (Cooling), Wall/Window Unit(s)

    Building Details

    Year built
    1937
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Brick
    Architectural style
    Other

    KELLER WILLIAMS CLASSIC REALTY NM (763) 463-7500

    Listing agent NICOLE HEBERT (763) 463-7500

    Listing date Oct 8, 2025

    MLS# 50181794 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

    Renovated Historic Commercial Building For Sale

    Located in Florence, WI, this renovated 15,400 sq ft historical commercial building is situated on US Highway 2. The property features a grand ballroom accommodating up to 300 guests, suitable for weddings, corporate events, and special occasions, along with a 50 ft bar area. A full commercial kitchen is included, along with a bar, tables, chairs, and inventory. The property currently generates rental income with established tenants, including a tanning business, a martial arts studio, and an exercise/gym area. The building has a valid Wisconsin liquor license. The property has been renovated, combining modern amenities with preserved historic character. The building sits on a 0.16-acre lot and is zoned commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Encore Conference Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    Wisconsin
    Longitude
    -88.253169
    Latitude
    45.922713

    Nearby Similar for Sale

    • $155,000
      4,030 SF

      Established Restaurant & Bar Opportunity

      Restaurant and bar with equipment, seating, and parking in Florence.
      508 Central Ave, Florence, WI 54121
      View Details
    • $1,500,000
      2.54 Acres

      Waterfront Land with Cottages

      Rare 2.5-acre waterfront parcel with cottages and sandy beach.
      1487 Town U, Florence, WI 54121
      View Details
    • $339,500
      6,720 SF

      Florence Commercial/Industrial Building For Sale

      Commercial/Industrial building with new overhead doors near Spread Eagle Chain.
      1505 Us Highway 2, Florence, WI 54121
      View Details
    • $699,900
      6,300 SF

      Iconic Restaurant Opportunity on US Hwy

      Well-established restaurant with loyal customer base on busy highway.
      695 Us2, Florence, WI 54121
      View Details
    • $195,000
      4,030 SF

      Established Florence Supper Club

      Turnkey Restaurant & Bar, 4000+ sq ft
      508 Central Ave, Florence, WI 54121
      View Details
    • $195,000
      4,030 SF

      Established Florence Supper Club

      Turnkey Restaurant & Bar, $195,000
      508 Central Ave, Florence, WI 54121
      View Details

    FAQs

    What type of property is this?
    Wedding venue - 15,400 sq ft renovated commercial building with income potential.
    Where is this wedding venue located?
    The property is located at 748 Central Ave Florence, WI.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Fully renovated 15,000 sq ft historical commercial building on high-traffic US Highway 2.; - Grand ballroom accommodates up to 300 guests with a 50 ft bar area, full commercial kitchen, tables, chairs, and inventory included.; - Established rental income from existing tenants (tanning business, martial arts studio, gym).
    (763) 463-7500
    Request Owner's contact information
    748 Central Ave Florence, WI 54121
    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.
    748 Central Ave
    Florence, WI 54121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    748 Central Ave Florence, WI 54121
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.