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Mixed-Use Property with Office Space
For Sale
$98,500

172 Lake Ave N, Phillips, WI 54555

Office-focused commercial building with an upstairs apartment and a new sidewalk along Lake Ave N.

Property Size1,386 SF
Days on Market63

Property Features for 172 Lake Ave N

General Information

Standard status Active
Size 1,386 SF
Property subtype Commercial

Amenities

reception area
kitchenette

Building Details

Building Size 1,386 SF
Buildings 1
Units 1
Listing Agency: Re/Max New Horizons Realty LLC
Listed By: Alli Mathys · License #84761 - 94
Source: Northwoodswi
Added: Jun 4 Changed: Aug 4 Last Checked: Aug 5 at 1:46PM

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 LLC

Investment Insights

Based on property information with market context.

This mixed-use property combines an office layout with residential space. The main level includes a reception area, four offices, and a kitchenette, providing a practical arrangement for business operations. An upstairs one-bedroom, one-bath apartment adds a separate residential component to the building.

The apartment is currently under contract with the State of Wisconsin Corrections, with annual renewal each June. A brand-new sidewalk fronts the property at 172 Lake Ave N in Phillips, Wisconsin, adding a recent exterior improvement to the site.

Key Highlights

  • Four office spaces plus reception area
  • Upstairs one‑bedroom, one‑bath apartment
  • Kitchenette included in the office layout

Property Analytics

Current Use

Office buildings

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Office-focused commercial building with an upstairs apartment and a new sidewalk along Lake Ave N.
Where is this mixed-use property located?
The property is located at 172 Lake Ave N Phillips, WI.
What is the asking price?
The asking price for this property is $98,500.
What are key features of this property?
This property features: Four office spaces plus reception area; Upstairs one‑bedroom, one‑bath apartment; Kitchenette included in the office layout
More about this property
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