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Mixed-Use Office Building
New
For Sale
$98,500

172 N Lake Ave, Phillips, WI 54555

The layout combines a reception area, four offices, a kitchenette, and an upstairs apartment.

Property Size1,386 SF
Price / SF$71.07
Days on Market5

Property Features for 172 N Lake Ave

General Information

Standard status Active
Size 1,386 SF
Property subtype Commercial

Additional Details

Tenant in Place Yes
Property Use Office

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: Integrityrealtorsllc
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 26 at 4:08AM

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

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Investment Insights

Based on property information with market context.

At 172 N Lake Ave in Phillips, Wisconsin, this 1,386-square-foot mixed-use property has a reception area, four office rooms, and a kitchenette. An apartment on the upper level includes one bedroom and one bathroom. It is currently under contract with the State of Wisconsin Corrections, with renewal each June.

A new sidewalk runs along the front of the building.

Key Highlights

  • 1,386‑square‑foot mixed‑use property in Phillips, Wisconsin
  • Office layout includes reception, four offices, and a kitchenette
  • Upstairs apartment has one bedroom and one bathroom

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Auto Repair Shop Plumbing Service Furniture & Home Goods

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - The layout combines a reception area, four offices, a kitchenette, and an upstairs apartment.
Where is this mixed-use property located?
The property is located at 172 N Lake Ave 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: 1,386‑square‑foot mixed‑use property in Phillips, Wisconsin; Office layout includes reception, four offices, and a kitchenette; Upstairs apartment has one bedroom and one bathroom
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