20XX Ellis Ave, Ashland, WI 54806
Exceptional opportunity to acquire two adjacent lots totaling 0.67 acres in Ashland, Wisconsin, at an asking price of $24,000. This commercially and residentially zoned property (PRI-Planned residential/institutional) offers significant potential for development. The lots boast convenient access to Ellis Avenue, providing over 100 feet of frontage. City sewer and water are readily available via the alley. The location is highly desirable, offering proximity to Ashland's amenities, including colleges, schools, Lake Superior beaches, and extensive trail systems. Traffic counts, as of August 8, 2022, show an Annual Average Daily Traffic (AADT) of 3,500 vehicles. Parcel numbers are 201-04159-1000 and 201-04156-0000. This buildable lot presents a unique chance to create a residential dwelling or commercial venture in a thriving Wisconsin community. Don't miss this chance to secure a prime location for your next project.
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.