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Property profile & analytics
OFF-MARKET
Commercial real estate

864 Lk Ave Phillips, WI 54555-1508

0.55 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US92-2852579
Property summary
AI-generated overview

This versatile 4,922 square foot commercial building presents a unique investment opportunity in Phillips, Wisconsin. Strategically located on busy Highway 13, this property boasts a prominent position within the city. Previously utilized as a daycare and elderly care facility, the adaptable floor plan offers numerous possibilities for a wide range of commercial ventures. The interior features seven offices of varying sizes, a substantial gathering room, a welcoming reception area, and a comfortable 12' x 20' sitting area complete with an electric fireplace. Practical amenities include four bathrooms, a well-equipped kitchen with two refrigerators, and a convenient laundry room with a stackable washer/dryer unit and mop sink. A secure 19' x 17' vault provides ample storage. The building's exterior is equally impressive, showcasing a cultured stone faГ§ade, attractive decorative siding, and a recently replaced shingled roof (less than 10 years old). A fenced-in rear area offers additional space, ideal for outdoor recreation, a playground, or employee break area. The 0.55-acre lot provides ample parking and outdoor space. A restrictive covenant prohibits use as a bank or financial institution. Square footage is agent measured

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.55 ac (23,958 SF)
APN 50-272-4-37-01-07-5 15-021-18000
UPID US92-2852579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
DEVELOPMENTS LLC
DEVELOPMENTS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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