Historic Mixed-Use Property with
For Sale
Contact for pricing
522 Chapple Ave, Ashland, WI 54806
The property combines 18 apartment homes with eight commercial suites and a public-use venue.
Property SizeContact for details
Days on Market145
Property Features for 522 Chapple Ave
General Information
Standard status
Active
Property subtype
Multifamily
Units
Unit Mix
5 x 1BR/1BA, 11 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
18
Amenities
range and refrigerator
surface lot parking
Building Details
Buildings
2
Listing Agency:
Marcus & Millichap - Milwaukee
(262) 364-1930
Listed By:
Matthew Whiteside · License #WI
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:03PM
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 Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
This mixed-use offering brings together two historic properties: Robert & Nyna Holmes Villa and the Wilmarth Mansion. The Villa contains 18 apartment homes, including five one-bedroom, one-bathroom units, 11 two-bedroom, one-bathroom units, and two three-bedroom, one-bathroom units. Each apartment includes a range and refrigerator, with surface parking available on site.
The Wilmarth Mansion contains eight commercial suites plus a venue space available for public rental. The building has received extensive preservation and restoration work, and both properties are listed jointly on the National Register of Historic Places. The Villa is a Section 42 development placed in service in September 1999, with restrictions scheduled to end 12/31/2028. Unit affordability levels include 30%, 40%, 50%, and 60% of County Median Income, with two, two, four, and 10 units assigned to those tiers, respectively.
The Wilmarth Mansion contains eight commercial suites plus a venue space available for public rental. The building has received extensive preservation and restoration work, and both properties are listed jointly on the National Register of Historic Places. The Villa is a Section 42 development placed in service in September 1999, with restrictions scheduled to end 12/31/2028. Unit affordability levels include 30%, 40%, 50%, and 60% of County Median Income, with two, two, four, and 10 units assigned to those tiers, respectively.
Key Highlights
- 18 apartment homes with a mix of five one‑bedroom, 11 two‑bedroom, and two three‑bedroom units
- Eight commercial suites plus a venue space available for public rental
- Apartments include ranges and refrigerators, with ample surface lot parking
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 54806, WI
11,492
Population
5,599
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
96%
High-School Grad
288.9 sq mi
ZIP Area
40
Density / Sq Mi
$59,556
Median Household Income
$37,388
Median Earnings
$709
Median Rent
$172,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines 18 apartment homes with eight commercial suites and a public-use venue.
Where is this mixed-use property located?
The property is located at 522 Chapple Ave Ashland, WI.
What are key features of this property?
This property features: 18 apartment homes with a mix of five one‑bedroom, 11 two‑bedroom, and two three‑bedroom units; Eight commercial suites plus a venue space available for public rental; Apartments include ranges and refrigerators, with ample surface lot parking
