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    431 Bayfield St Washburn, WI 54891

    For Sale
    $225,000

    Prime Commercial Space w/ Upstairs Apartment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 0.32-acre commercial property at 431 W Bayfield St, Washburn, WI, is priced at $225,000 and presents a remarkable investment opportunity. Previously utilized as a gas station (tanks removed in 1989), the building has since served as a car repair shop and a retail space, showcasing its adaptability. The main level boasts a robust, ready-to-customize layout, ideal for a diverse range of commercial ventures. Its high visibility and convenient accessibility make it a truly prime location. Adding to its appeal is a well-maintained upstairs apartment, approximately 20 years old, offering comfortable living space. The current owner resides in the apartment and is open to continuing as a tenant, providing a potential income stream. The property also features solar panels connected to the building, offering significant energy savings. This versatile property is perfect for entrepreneurs seeking a solid foundation for their business, combined with the added benefit of rental income. The building's history demonstrates its resilience and adaptability, making it an attractive prospect for a variety of commercial uses. Don't miss this chance to acquire a well-located, versatile commercial property with significant upside potential.

    Property Features for 431 Bayfield St

    General Information

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

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pierce Street Seat ... Motorcycle Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Washburn
    County
    BAYFIELD
    State
    Wisconsin
    Longitude
    -90.90021
    Latitude
    46.67073

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space w/ Upstairs Apartment
    Where is this commercial real estate located?
    The property is located at 431 Bayfield St Washburn, WI.
    What is the asking price?
    The asking price for this property is $225,000.
    (715) 373-2583
    Request Owner's contact information
    431 Bayfield St Washburn, WI 54891
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    Washburn, WI 54891
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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
    431 Bayfield St Washburn, WI 54891
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