Grocery Store Shell with Upper
For Sale
Under Contract
$275,000
31-37 5th Avenue, Shell Lake, WI 54871
COMMERCIAL - Shell Lake, WI
Property Size9,570 SF
Lot Size0.50 Acres
Price / SF$28.74
Days on Market157
Property Features for 31-37 5th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Interior features
Furnished, Storage
Exterior features
Lighting
Elementary school district
Shell Lake
Middle school district
Shell Lake
High school district
Shell Lake
Directions
Hwy. 63 N to left on 5th Ave.
Standard status
Active Under Contract
APN
652822381325515530589500
Size
9,570 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORIGINAL PLAT (CSL) LOT 1 & 2 & W 33' LOT 3 BLOCK 16 DOC# 374469 WD
Tax Annual Amount
3813
Legal Description
ORIGINAL PLAT (CSL) LOT 1 & 2 & W 33' LOT 3 BLOCK 16 DOC# 374469 WD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Building materials
Brick, WoodSiding
Additional Structures
Storage
Listing Agency:
Woods & Water Realty Inc/Regional Office
(715) 723-4663
Listed By:
Jennifer Schafer · License #85743-94
(715) 723-4663
Added: Mar 9
Changed: Aug 4
Last Checked: Aug 12 at 2:06AM
MLS# 1598968
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. 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.
Grocery store shell in Shell Lake with an upper-level apartment that currently provides steady rental income. The property was formerly operated as a grocery store and includes many fixtures with the sale, including coolers, shelving, POS system, and a checkout stand. Interior features include furnished space and storage, and the building has a basement. Lighting is included as well.
The property sits on a 0.5-acre lot with a large parking lot surrounding the building, along with additional street parking in front for customer convenience. Constructed with brick and wood siding, the building is serviced by public water and public sewer. Heating is forced air, and cooling is central air. Built in 1920, the property offers opportunities for retail, grocery, specialty market, or other commercial uses; buyers should verify all measurements, uses, and information.
For operators and investors looking for a flexible commercial setup with on-site residential income, the combination of ready-to-deploy retail fixtures and an existing apartment layout can support a range of concept updates.
The property sits on a 0.5-acre lot with a large parking lot surrounding the building, along with additional street parking in front for customer convenience. Constructed with brick and wood siding, the building is serviced by public water and public sewer. Heating is forced air, and cooling is central air. Built in 1920, the property offers opportunities for retail, grocery, specialty market, or other commercial uses; buyers should verify all measurements, uses, and information.
For operators and investors looking for a flexible commercial setup with on-site residential income, the combination of ready-to-deploy retail fixtures and an existing apartment layout can support a range of concept updates.
Key Highlights
- 0.5‑acre lot with a large parking lot surrounding the building and additional street parking in front
- Upper‑level apartment currently provides steady rental income
- Former grocery store fixtures included: coolers, shelving, POS system, and checkout stand
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54871, WI
3,300
Population
1,914
Households
1.7
Avg Household Size
48
Median Age
25%
College-Educated
94%
High-School Grad
115.7 sq mi
ZIP Area
29
Density / Sq Mi
$70,100
Median Household Income
$35,930
Median Earnings
$740
Median Rent
$215,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Upper-level apartment provides rental income, and the building comes with grocery fixtures and POS equipment for reuse.
Where is this grocery and convenience store located?
The property is located at 31-37 5th Avenue Shell Lake, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 0.5‑acre lot with a large parking lot surrounding the building and additional street parking in front; Upper‑level apartment currently provides steady rental income; Former grocery store fixtures included: coolers, shelving, POS system, and checkout stand
