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    864 Lake Ave Phillips, WI 54555

    For Sale
    $380,000

    Spacious 4,922 sq ft, Hwy 13 location

    Property size:
    4,922 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 façade, 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 Features for 864 Lake Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,922 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1997
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phillips
    County
    PRICE
    State
    Wisconsin
    Longitude
    -90.4114
    Latitude
    45.69819

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious 4,922 sq ft, Hwy 13 location
    Where is this commercial real estate located?
    The property is located at 864 Lake Ave Phillips, WI.
    What is the asking price?
    The asking price for this property is $380,000.
    (715) 339-6818
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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
    864 Lake Ave Phillips, WI 54555
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