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

    606 Lake Ave Phillips, WI 54555

    For Sale
    $695,000

    22-Unit Motel, Turnkey Operation, High Traffic

    Property size:
    8,180 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 8,180 square foot commercial property presents a lucrative investment opportunity in the vibrant town of Phillips, Wisconsin. Situated on over one acre of land (1.04 acres to be exact) and boasting 22 individual motel units, this turnkey operation is ideally positioned on Highway 13, ensuring high visibility and consistent traffic flow. The motel's prime location directly across from Elk Lake is a significant draw for outdoor enthusiasts, capitalizing on the area's renowned fishing and hunting attractions. Ample on-site parking caters to guests arriving with boats and trailers. The property includes a convenient office space, with one unit situated above offering potential for on-site living quarters. This presents a unique opportunity for an owner-operator to live and work on the premises. The existing business is a proven success, offering immediate income potential. With its substantial size and prime location, this property offers significant upside for a creative and ambitious business owner. The property's established clientele and strong location make this a rare find in the thriving Phillips market. This is a chance to acquire a well-established business with significant growth potential in a desirable location. The property is ready for a new owner to step in and continue its success.

    Property Features for 606 Lake Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,180 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1968
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Phillips
    County
    PRICE
    State
    Wisconsin
    Longitude
    -90.40754
    Latitude
    45.69519

    Nearby Similar for Sale

    • $1,075,000
      4.18 Acres

      Resort and Bar on Solberg Lake

      Resort with bar, cabins, and lake access near downtown.
      N10555 Solberg Lake Rd E, Phillips, WI 54555
      View Details
    • $399,900
      12.10 Acres

      Phillips, WI Campground with Bar

      12.1-acre property with campground, cabin, and bar near Soo Lake.
      W9701 Cth W, Phillips, WI 54555
      View Details
    • $425,000
      0.52 Acres

      Prime Commercial Real Estate Opportunity

      High-visibility commercial property on Hwy 13 with flexible layout.
      262 Lake Ave S, Phillips, WI 54555
      View Details
    • $699,000
      10.00 Acres

      Turn-Key Greenhouse and Floral Shop

      Greenhouse and floral shop on 10 acres with excellent visibility.
      N7890 Hwy, Phillips, WI 54555
      View Details
    • $105,000
      0.05 Acres

      Versatile Office Building with Apartment

      Office building with apartment and income potential in Phillips, WI.
      172 Lake Ave N, Phillips, WI 54555
      View Details
    • $375,000
      0.34 Acres

      Commercial Property in Phillips, WI

      Commercial property on a visible corner lot with two business units.
      204 Avon Ave S, Phillips, WI 54555
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 22-Unit Motel, Turnkey Operation, High Traffic
    Where is this commercial real estate located?
    The property is located at 606 Lake Ave Phillips, WI.
    What is the asking price?
    The asking price for this property is $695,000.
    Request Owner's contact information
    606 Lake Ave Phillips, WI 54555
    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.
    606 Lake Ave
    Phillips, WI 54555
    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
    606 Lake Ave Phillips, WI 54555
    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.