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1276 Main St Gresham, WI 54128-9567

OFF-MARKET Commercial real estate Google Maps
0.2 ac lot
Entity Owned 15-yr Hold Free & Clear
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US92-3516287

Property summary

AI-generated overview

This exceptional 6,000 square foot commercial property located at 1276 Main Street in Gresham, Wisconsin presents a unique investment opportunity. The building boasts a versatile layout, previously housing a bowling alley, archery range, and antique shop, demonstrating its adaptability to a wide range of commercial uses. Currently configured with six separate rental areas, the property offers significant income potential. Beyond the commercial spaces, the property includes living quarters or apartments, providing additional revenue streams or owner-occupancy options. Ample parking is available across three lots, ensuring convenient access for tenants and customers. Recreational amenities on the property include volleyball and horseshoe pits, adding to its appeal. The property's strategic location offers easy access to nearby lakes, rivers, casinos, and golf courses, enhancing its attractiveness to both businesses and residents. The seller is offering some financing options, making this an even more accessible acquisition. The property's proximity to area trails further enhances its desirability. This is a rare opportunity to acquire a substantial multi-use commercial property with significant upside potential in a desirable location. The versatile nature of the building, combined with its ample parking and recreational amenities, makes it an ideal investment for a savvy buyer seeking a strong return.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.2 ac (8,712 SF)
APN 131500500140
UPID US92-3516287

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2008
$117,000

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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