Property summary
This exceptional 8,350-square-foot commercial building is situated on a 0.27-acre lot at 117 W Commercial Street in Viola, Wisconsin. Currently generating income from long-term tenants (15+ years), this property presents a compelling investment opportunity. The ground floor houses a post office, an established beauty salon, and a two-bedroom apartment, all contributing to a stable rental income stream. An additional two-bedroom apartment is located on the upper floor. The city of Viola owns an adjacent 20-space parking lot, providing ample parking for tenants and customers. A significant portion of the building's rear and upper floor space is currently unoccupied, offering substantial potential for expansion and increased revenue. This could include additional rental units, storage space, or various other commercial uses. The upper floor also contains the shell of a second apartment requiring renovation. The property benefits from newer mechanical systems, ensuring efficient and cost-effective operation. This versatile property offers a unique blend of established income and significant upside potential in a desirable location within the Driftless Area. The asking price is $249,900.
Property profile
VerifiedCap rate & NOI
Current use
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Post Office Logistics Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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