Technical
Financial
Distress signals
Property profile

117 Commercial St Viola, WI 54664

OFF-MARKET
Commercial real estate
Property ID
US92-1342521
0.27 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.27 ac (11,761 SF)
APN 186-1923-3100
UPID US92-1342521

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Post Office Logistics Service

Location

117 Commercial St Viola, WI 54664-5000
Viola metro Census 970100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
5 recorded transactions
2025
$150,000
2013
Price N/A
2013
$28,000
2005
$45,000
2005
$65,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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