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Historic Two-Story Mixed-Use Building
For Sale
$100,000

195/197 Lake Ave N, Phillips, WI 54555

Brick construction, original wood floors, and second-floor living quarters support a flexible commercial and residential configuration.

Property Size3,600 SF
Days on Market528

Property Features for 195/197 Lake Ave N

General Information

Standard status Active
Size 3,600 SF
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence With some renovation

Taxes and HOA fees

Annual Taxes $1,774

Amenities

original wood floors
secure vault
4-bedroom, 2-bathroom living quarters

Building Details

Building Size 3,600 SF
Year Built 1894
Buildings 1
Stories 2
Units 2
Construction brick
Listing Agency: Re/Max New Horizons Realty
Listed By: Jamie Lund · License #6010590
Source: Northwoodswi
Added: Mar 21, 2025 Changed: Aug 30 Last Checked: Aug 30 at 11:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max New Horizons Realty

Investment Insights

Based on property information with market context.

Constructed in 1894, this two-story brick property combines a commercial storefront setting with residential space above. Interior details include original wood flooring and a secure vault, preserving functional features associated with the building’s long commercial history.

The upper level contains four bedrooms and two bathrooms in a dedicated living-quarters layout. The property has housed A.O. Johnson & Sons and served as a hardware store for nearly a century. Its address at 195/197 Lake Ave N in Phillips, Wisconsin, supports continued consideration for retail, rental, or combined commercial and residential use, subject to renovation and applicable requirements.

Key Highlights

  • 1894 construction date
  • Two‑story brick building at 195/197 Lake Ave N, Phillips, WI 54555
  • Four‑bedroom, two‑bathroom living quarters on the second floor

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Auto Repair Shop Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

300
Businesses Nearby

Demographics for 54555, WI

4,887
Population
3,553
Households
1.4
Avg Household Size
52
Median Age
23%
College-Educated
95%
High-School Grad
364.2 sq mi
ZIP Area
13
Density / Sq Mi
$58,613
Median Household Income
$38,094
Median Earnings
$836
Median Rent
$172,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick construction, original wood floors, and second-floor living quarters support a flexible commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 195/197 Lake Ave N Phillips, WI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 1894 construction date; Two‑story brick building at 195/197 Lake Ave N, Phillips, WI 54555; Four‑bedroom, two‑bathroom living quarters on the second floor
More about this property
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