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Historic Mixed-Use Building
For Sale
Contact for pricing
Pending

198 N Lk Ave, Phillips, WI 54555

Two-level property includes office areas, original bank vaults, and an upper-level kitchen and bathrooms.

Property SizeContact for details
Days on Market142

Property Features for 198 N Lk Ave

General Information

Standard status Pending
Property subtype Retail, Office

Amenities

original bank vaults
grand stairway
high ceilings
original woodwork
original hardwood floors

Building Details

Buildings 1
Listing Agency: RE/MAX New Horizons Realty
Listed By: Jody DeLasky · License #52493-90
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:13AM

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.

This two-level mixed-use building includes a ground-floor lobby with high ceilings, several office areas, and original bank vaults. The property also features a full unfinished basement, substantial original woodwork, and large wooden entry doors serving each level. The upper floor contains original hardwood flooring, wood trim, doors with original hardware, bathrooms, and a kitchen.

Located at the corner of Lake Avenue and Cherry Street in downtown Phillips, the property has street parking along both streets. Its combination of existing office areas, preserved architectural details, and separate upper-level space supports a live-work configuration within a historic commercial building.

Key Highlights

  • Two‑level mixed‑use building with office areas and separate upper‑floor space
  • Ground‑floor lobby features high ceilings and original bank vaults
  • Full unfinished basement

Property Analytics

Current Use

Live-work space

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property includes office areas, original bank vaults, and an upper-level kitchen and bathrooms.
Where is this mixed-use property located?
The property is located at 198 N Lk Ave Phillips, WI.
What are key features of this property?
This property features: Two‑level mixed‑use building with office areas and separate upper‑floor space; Ground‑floor lobby features high ceilings and original bank vaults; Full unfinished basement
(715) 339-6818 Call to check price and availability
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