411 Ellis Ave Ashland, WI 54806
This exceptional 22,263 square foot medical office building in Ashland, Wisconsin, presents a unique investment opportunity. Currently priced at $2,900,000 ($130.26/sq ft), the property boasts a prime location in the central business district, offering excellent visibility and accessibility. Previously utilized as a medical clinic, a portion of the building is currently leased to the USDA, generating supplemental income. The adaptable layout allows for a variety of business uses, making it an ideal investment for entrepreneurs and established businesses alike. The building features a substantial parking lot with approximately 90 spaces, ensuring ample parking for staff and clients. This single-unit property offers significant potential for growth and return on investment. While currently for sale, lease options are also available, providing flexibility for potential buyers. The property's central location in Ashland, Wisconsin, offers easy access to local amenities and a thriving community. This is a rare opportunity to acquire a well-situated, versatile commercial building with existing income streams and significant upside potential. The property is located at 411 Ellis Ave S, Ashland, WI 54806.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.