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    Property profile & analytics

    309 Main St Ashland, WI 54806

    • Commercial real estate
    For Lease
    View listing
    $140 SF/Yr
    Value Estimation
    $80,000
    Last Sale
    Sep 30, 2021
    $63,000
    Location Intelligence
    Property ID
    US92-2150932
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 309 Main St

    Property type
    Commercial real estate
    APN
    201-01340-0000
    APU
    201013400000

    Description

    This exceptional commercial property, located at 309 Main St E in downtown Ashland, offers 1,472 square feet of renovated office space. The building, constructed in 1900 and situated on a 0.06-acre lot, features a single story with two suites available. The space is divisible, with a minimum leasable area of 680 square feet and a maximum contiguous area of 792 square feet. The entire 1,472 square feet is currently vacant and ready for immediate occupancy. The property boasts excellent visibility on Main Street, just a block from Lake Superior, offering stunning lake views from the rear. Recent renovations have created a bright, open, and welcoming atmosphere. The owner is willing to customize the space to meet specific tenant needs. The building includes a full basement providing ample storage, and a rear area with vaulted ceilings offering additional workspace or expansion potential. Two restrooms are conveniently located within the building. Utilities are provided by Xcel Energy. The property is zoned for Business/Commercial use (APN: 201-01340-0000, Ashland County). Lease options are available for the entire space or portions thereof. This is a truly unique opportunity to establish your business in the heart of downtown Ashland.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Ashland
    State
    Wisconsin
    Longitude
    -90.8804
    Latitude
    46.593

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $967
    $5,900
    $87,500
    $93,400
    -
    $6,923
    $36,377
    $43,300

    Comparable in this City

    • Value Estimation by Request

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      202 Prentice Ave

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      50.42 Acres

      28190 State Hwy 137

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    • Value Estimation by Request

      Ashland, WI 54806

      COMMERCIAL (GENERAL)
      Ashland, WI 54806
      View Details

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    Similar Nearby for Lease

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    309 Main St
    Ashland, WI 54806
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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
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