Property profile

118 3Rd St E Ashland, WI 54806

FOR SALE
Commercial real estate
Property ID
US92-2849584
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 15,000-square-foot executive office space presents a unique sublease opportunity in Ashland County. Currently vacant and ready for immediate occupancy, the property offers a turnkey solution for businesses seeking a substantial and well-appointed workspace. The entire 15,000 square feet is available as a single-tenant space, ideal for a company requiring a large, contiguous footprint. The space is classified as both retail and office, offering flexibility in its potential use. The existing furniture is available, making this a true "plug-and-play" situation, minimizing the time and expense associated with setting up a new office. This significantly reduces the upfront investment required to establish operations. The sublease agreement expires on December 31, 2024, providing a defined timeframe for occupancy. This presents a compelling opportunity for a business seeking a short-term or transitional space, or a company looking to establish a strong presence in Ashland County before committing to a long-term lease. The property's size and configuration make it suitable for a variety of businesses, from corporate headquarters to large-scale professional practices. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is located in Ashland County, offering access to local amenities and a convenient business environment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 201-01685-2000
UPID US92-2849584

Cap rate & NOI

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

Location

118 3Rd St E Ashland, WI 54806
Ashland metro Census 950800
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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More about this property
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