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    404 Main Ave Wheeler, WI 54772

    For Sale
    $150,000

    Historic Downtown Wheeler Commercial Property

    Property size:
    1,980 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment opportunity presents a 1,980 square foot commercial building located at 404 Main Avenue in Wheeler, Wisconsin. The property boasts a rich history, having served as a post office for over 40 years, with a current lease in place until 2028, generating a monthly income of $625. The lease includes options to extend the agreement until 2038, providing long-term financial stability. Adding to the income stream is a charming one-bedroom, one-bathroom apartment situated at the rear of the building, currently rented for $350 per month. Recent improvements include the installation of new concrete steps and sidewalks, enhancing curb appeal and accessibility. The apartment features convenient rear parking. This unique property sits on a 0.14-acre lot and is offered at $150,000, presenting a compelling blend of historical significance, consistent rental income, and future growth potential. The combination of a long-term, stable post office lease and a separately rented apartment makes this a truly attractive investment opportunity in the heart of downtown Wheeler. Don't miss this chance to acquire a piece of Wheeler's history and secure a promising financial future.

    Property Features for 404 Main Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,980 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1938
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wheeler
    County
    DUNN
    State
    Wisconsin
    Longitude
    -91.90924
    Latitude
    45.04422

    FAQs

    What type of property is this?
    Commercial real estate - Historic Downtown Wheeler Commercial Property
    Where is this commercial real estate located?
    The property is located at 404 Main Ave Wheeler, WI.
    What is the asking price?
    The asking price for this property is $150,000.
    (715) 831-1488
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    Wheeler, WI 54772
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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
    404 Main Ave Wheeler, WI 54772
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