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Storefront Building with Secure Vault
For Sale
$100,000

195/197 LAKE AVE N, Phillips, WI 54555

COMMERCIAL - Phillips, WI

Property SizeContact for details
Lot Size0.11 Acres
Days on Market501

Property Features for 195/197 LAKE AVE N

General Information

Property type Commercial Sale
Property subtype Office
Bedrooms 4
Rooms Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
Parking features On Street
Interior features Storage
Directions This property is located in downtown Phillips on the E side of the road.
Standard status Active
APN 272-104210000
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description PARK ADDITION TO PHILLIPS S 1/2 OF LOT 12 BLOCK A and PARK ADDITION TO PHILLIPS N 1/2 OF LOT 13 BLOCK A. TAX ID 25263 and 25264.
Tax Annual Amount 1774
Legal Description PARK ADDITION TO PHILLIPS S 1/2 OF LOT 12 BLOCK A and PARK ADDITION TO PHILLIPS N 1/2 OF LOT 13 BLOCK A. TAX ID 25263 and 25264.

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1894
Floors in Building 2
Number of units 2
Flooring type Wood, Mixed
Building materials Brick, Masonry
Roof type Rubber
Additional Structures Storage
Listing Agency: RE/MAX NEW HORIZONS REALTY LLC · RE/MAX International
Listed By: JAMIE LUND · License #94486 - 94
Added: Mar 21, 2025 Changed: Aug 2 Last Checked: Aug 3 at 11:06PM
MLS# 211071

Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1894, this two-story brick storefront building was originally the John R. Davis Lumber Company and has housed A.O. Johnson & Sons. The property retains original wood floors and includes a secure vault, along with interior storage space.

The second floor provides spacious living quarters with four bedrooms and two bathrooms, supported by forced air heat with natural gas and central air cooling. Outdoor convenience is provided with on-street parking. Public water and public sewer service are available.

With its historic character and mixed-use layout, the building is suited to continued retail operations, rental uses, or an owner-occupant setup that combines commercial storefront activity with residential living on the upper level. The lot size is 0.114 acres, and the roof is rubber.

Key Highlights

  • Built in 1894 and constructed as a two‑story brick storefront building
  • Original wood floors and a secure vault
  • Second‑floor living quarters with four bedrooms and two bathrooms

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
Balanced
Demand for This Use

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
Rey
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Similar Off Market Nearby

  • Robin's Custom Arrangements LLC 161 N Lk Ave, Phillips, WI 54555

Frequently Asked Questions

What type of property is this?
Storefront property - 1894 brick storefront with original wood floors, secure vault, and central air for flexible retail or live-work use.
Where is this storefront 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: Built in 1894 and constructed as a two‑story brick storefront building; Original wood floors and a secure vault; Second‑floor living quarters with four bedrooms and two bathrooms
More about this property
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