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    302 Main St Ashland, WI 54806

    For Sale
    $189,900

    Prime location, income-producing property.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated at 302 Main Street East in Ashland, Wisconsin, presents a unique investment opportunity. The building sits on a prominent corner lot spanning 0.32 acres, offering excellent visibility and accessibility on Ashland's main thoroughfare. Currently, the property includes an established VHS cleaning service and its equipment, which is included in the sale price. However, the sale also includes the option to purchase the real estate separately from the business. Half of the main floor is currently vacant, providing immediate potential for a new commercial tenant or conversion into an additional residential apartment unit. The upper floor features a leased apartment with a long-term tenant, generating consistent rental income. This versatile property offers a blend of established income and significant upside potential. Its central location and flexible layout make it ideal for a variety of commercial uses, while the existing apartment provides a stable revenue stream. The sale price for the entire property, including the business and equipment, is $189,900. Serious inquiries are encouraged to explore this remarkable opportunity to own a piece of Ashland's vibrant commercial landscape. The property's size is not specified in the provided information.

    Property Features for 302 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1926
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    ASHLAND
    State
    Wisconsin
    Longitude
    -90.88022
    Latitude
    46.59251

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, income-producing property.
    Where is this commercial real estate located?
    The property is located at 302 Main St Ashland, WI.
    What is the asking price?
    The asking price for this property is $189,900.
    (715) 682-3080
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    302 Main St Ashland, WI 54806
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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
    302 Main St Ashland, WI 54806
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