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    176 Lake Ave Phillips, WI 54555

    Sponsored
    For Sale
    $249,000

    Prime location, 6,800 sq ft, 3 units

    Property size:
    6,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This two-story, 6,800 square foot commercial building is situated in the heart of downtown Phillips, Wisconsin, within a vibrant area featuring retail shops, restaurants, and bars. Its convenient location offers direct access to snowmobile and ATV trails, enhancing its appeal. The property, zoned C1 Commercial, sits on a 0.19-acre lot (APN 272-100302000) and includes three units: a main floor commercial space currently leased to a local auction company (5,800 sq ft), and two upper-level apartments (one 2-bedroom, 1-bathroom

    Property Features for 176 Lake Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,800 SF
    Lot Size
    8,276 SF

    Building Details

    Stories
    2
    Units
    3

    HighLights

    • 6,800 square foot, two‑story commercial building in downtown Phillips, WI.
    • Located in a vibrant area with retail, restaurants, and bars.
    • Direct access to snowmobile and ATV trails.
    • C1 Commercial zoning.
    • 0.19‑acre lot (APN 272‑100302000).
    • Three units: 5,800 sq ft main floor commercial space (currently leased), and two upper‑level apartments (one 2‑bedroom, 1‑bathroom).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phillips
    County
    Price
    State
    Wisconsin
    Longitude
    -90.3975313
    Latitude
    45.690016

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 6,800 sq ft, 3 units
    Where is this office property / space located?
    The property is located at 176 Lake Ave Phillips, WI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 6,800 square foot, two-story commercial building in downtown Phillips, WI.; Located in a vibrant area with retail, restaurants, and bars.; Direct access to snowmobile and ATV trails.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    176 Lake Ave Phillips, WI 54555
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