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Mixed-Use Building with Living Quarters
New
For Sale
$695,000

509 WALL ST E, Eagle River, WI 54521

CommercialSale, Eagle River, WI

Property Size5,840 SF
Lot Size0.60 Acres
Price / SF$119.01
Days on Market7

Property Features for 509 WALL ST E

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 1
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 2
Interior features Storage
Directions HWY 45 N RIGHT ON WALL ST LEFT AT FIRE # 509 E WALL ST
Standard status Active
APN 221-660-03
Lot size 0.60 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 3 18CS131 LOTS 7-14 BLK 1 ORIGINAL PLAT EAGLE RIVER PRT NW NW
Tax Annual Amount 4804
Legal Description LOT 3 18CS131 LOTS 7-14 BLK 1 ORIGINAL PLAT EAGLE RIVER PRT NW NW

Utilities

Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating)
Cooling system Window Unit(s)
Water source Public

Amenities

3 full bathrooms
vaulted ceilings
fireplace
private patio/yard area
attached garage
lower level storage

Building Details

Floors in Building 1
Flooring type Concrete, Carpet, Tile, Laminate
Building materials Brick, Masonry
Roof type Composition, Shingle
Additional Structures Storage
Listing Agency: RE/MAX PROPERTY PROS · RE/MAX International
Listed By: JUDY BARR & ASSOCIATES · License #56603 - 90
Added: Sep 3 Changed: Sep 9 Last Checked: Sep 9 at 5:06PM
MLS# 219497

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.

This mixed-use property combines commercial space, private living quarters, storage, parking, and an attached garage. The 5,840-square-foot building includes 5,058 finished square feet of commercial floor area configured with five offices, two reception areas, and three full bathrooms. A separate one-bedroom, one-bath residence offers vaulted ceilings, a great room with living and dining areas, a fireplace, kitchen, and private patio or yard. The attached 782-square-foot three-car garage provides additional utility, while the 1,395-square-foot lower level adds storage or support space.

Located on Wall Street in downtown Eagle River, the property has frontage on the main strip, pedestrian activity, and a private 17-car parking lot. Downtown Commercial zoning supports a range of business formats, including office, retail, restaurant or bar, service, showroom, boutique, and spa operations. Public water and sewer serve the property, which sits on 0.6 acres and features brick and masonry construction.

Key Highlights

  • 5,840‑square‑foot mixed‑use building on 0.6 acres
  • 5,058 finished square feet of commercial space with 5 offices, 2 reception areas, and 3 full bathrooms
  • Separate 1BR/1BA living quarters with vaulted ceilings, fireplace, kitchen, and private patio/yard

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Storage Facility Garden Center Bakery Computer & Electronic Repair Barber Shop Plumbing Service

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

548
Businesses Nearby

Demographics for 54521, WI

8,317
Population
7,687
Households
1.1
Avg Household Size
54
Median Age
29%
College-Educated
96%
High-School Grad
188.4 sq mi
ZIP Area
44
Density / Sq Mi
$72,619
Median Household Income
$40,006
Median Earnings
$913
Median Rent
$275,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Downtown Commercial zoning supports office, retail, restaurant, service, showroom, boutique, or spa uses.
Where is this mixed-use property located?
The property is located at 509 WALL ST E Eagle River, WI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,840‑square‑foot mixed‑use building on 0.6 acres; 5,058 finished square feet of commercial space with 5 offices, 2 reception areas, and 3 full bathrooms; Separate 1BR/1BA living quarters with vaulted ceilings, fireplace, kitchen, and private patio/yard
More about this property
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