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    137 Central Ave Owen, WI 54460

    For Sale
    $134,900

    Five-unit commercial/residential property, great potential.

    Property size:
    4,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional mixed-use property, located at 137 N Central Ave in Owen, Wisconsin, presents a compelling investment opportunity. The 4,560 square foot building sits on a 0.13-acre lot and offers five distinct rental spaces. Three commercial units are situated on the lower level, while two residential apartments occupy the upper level. The main level street-front units, previously used as a retail consignment store, are soon to be vacant, providing a blank canvas for a new business venture. Common areas include a bathroom, kitchen/break area, and storage. The property boasts ADA-compliant storefront entry and restroom facilities. Current permits allow for education (childcare) and business uses. The upper level features two income-generating apartments: a one-bedroom, one-bathroom unit and a four-bedroom, one-bathroom unit, both with private porches. Both apartments are currently occupied by tenants. The property also includes approximately 9-10 off-street parking spaces. Priced at $134,900, this property offers significant potential for a quick return on investment. A minimum 24-hour notice is required for showings. This is a rare opportunity to acquire a versatile property in the heart of downtown Owen.

    Property Features for 137 Central Ave

    General Information

    Property type
    Land
    Square Feet
    4,560 SF
    Lot Size
    5,663 SF

    Building Details

    Units
    5

    HighLights

    • Mixed‑use property at 137 N Central Ave, Owen, WI, totaling 4,560 square feet on a 0.13‑acre lot.
    • Five rental units: three commercial (street‑level, soon vacant) and two residential apartments (one 1‑bed/1‑bath, one 4‑bed/1‑bath).
    • ADA‑compliant storefront and restrooms; common areas include bathroom, kitchen/breakroom, and storage.
    • Permitted uses include education (childcare) and business.
    • Approximately 9‑10 off‑street parking spaces.
    • Priced at $134,900.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Owen
    County
    Clark
    State
    Wisconsin
    Longitude
    -90.4745066
    Latitude
    44.9589269

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Five-unit commercial/residential property, great potential.
    Where is this land located?
    The property is located at 137 Central Ave Owen, WI.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: Mixed-use property at 137 N Central Ave, Owen, WI, totaling 4,560 square feet on a 0.13-acre lot.; Five rental units: three commercial (street-level, soon vacant) and two residential apartments (one 1-bed/1-bath, one 4-bed/1-bath).; ADA-compliant storefront and restrooms; common areas include bathroom, kitchen/breakroom, and storage.
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    Owen, WI 54460
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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
    137 Central Ave Owen, WI 54460
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