Building Details

Year Built 1930

Tenancy Multi

Listing Agency: Edina Realty, Inc. s***@edinarealty.com Show Phone

Listed By: Shelby Peltier Show Phone

Source: Exprealty

Added: Aug 20 Changed: Aug 27 Last Checked: Aug 28 at 4:34PM

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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 Edina Realty, Inc.

Investment Insights

Based on property information with market context.

This apartment building contains multiple residential units with functional floor plans, clean interiors, and good natural light. Constructed in 1930, the property has a documented place in the community’s history after serving as a hospital for many years. Current occupancy is full, with tenants holding one-year leases.

The property is located at 416 S Pine St in Grantsburg, Wisconsin. Off-street parking, mature trees, and usable yard space provide practical site features for residents while preserving the character of the building and grounds.

Key Highlights

• Fully rented apartment building with tenants on year leases
• Built in 1930 and formerly served as the Grantsburg hospital
• Multiple units with practical layouts and good natural light

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service Bakery (Bike/Boat/Book/etc) Store Hair Salon Big Box & Wholesale Store 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.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

214

Businesses Nearby

Explore this area Business Placement

Demographics for 54840, WI

4,702

Population

2,770

Households

1.7

Avg Household Size

48

Median Age

20%

College-Educated

92%

High-School Grad

255.2 sq mi

ZIP Area

18

Density / Sq Mi

$63,988

Median Household Income

$38,865

Median Earnings

$833

Median Rent

$180,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Fully occupied property with off-street parking and year-long tenant leases.

Where is this apartment building located?

The property is located at 416 S Pine St Grantsburg, WI.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Fully rented apartment building with tenants on year leases; Built in 1930 and formerly served as the Grantsburg hospital; Multiple units with practical layouts and good natural light