864 Lk Ave Phillips, WI 54555-1508
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.