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Property profile & analytics
OFF-MARKET
Commercial real estate

309 Main E St Ashland, WI 54806-1727

Trust Owned 2-yr Hold Free & Clear
Property ID
US92-2150932
Property summary
AI-generated overview

This exceptional commercial property, located at 309 Main St E in downtown Ashland, offers 1,472 square feet of renovated office space. The building, constructed in 1900 and situated on a 0.06-acre lot, features a single story with two suites available. The space is divisible, with a minimum leasable area of 680 square feet and a maximum contiguous area of 792 square feet. The entire 1,472 square feet is currently vacant and ready for immediate occupancy. The property boasts excellent visibility on Main Street, just a block from Lake Superior, offering stunning lake views from the rear. Recent renovations have created a bright, open, and welcoming atmosphere. The owner is willing to customize the space to meet specific tenant needs. The building includes a full basement providing ample storage, and a rear area with vaulted ceilings offering additional workspace or expansion potential. Two restrooms are conveniently located within the building. Utilities are provided by Xcel Energy. The property is zoned for Business/Commercial use (APN: 201-01340-0000, Ashland County). Lease options are available for the entire space or portions thereof. This is a truly unique opportunity to establish your business in the heart of downtown Ashland.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 201-01340-0000
UPID US92-2150932
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gutteter Family Revocable Trust · 2 yrs held
Gutteter Family Revocable Trust
since 2023
Last sale
$63,000
5 recorded transactions
2023
Price N/A
2023
$150,000
2021
$69,000
2021
$63,000
2005
$15,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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