137 Central Ave Owen, WI 54460-9776
This exceptional mixed-use property in downtown Owen, Wisconsin presents a compelling investment opportunity. The 4,560 square foot building sits on a 0.13-acre lot and offers five distinct rental spaces, ideal for a variety of uses. Three commercial units are located on the ground floor, with two residential apartments situated upstairs. The main level street-facing units, previously occupied by a retail consignment store, are soon to be vacant, providing a blank canvas for a new business venture. These commercial spaces share common areas including a bathroom, kitchen/break area, and storage. The property boasts an ADA-compliant storefront entry and restroom. Current permits allow for both educational (childcare) and business operations. The upper level comprises two apartments generating additional income: a one-bedroom, one-bathroom unit and a four-bedroom, one-bathroom unit, each with its own private porch. Both apartments are currently occupied by tenants. The property includes approximately nine to ten off-street parking spaces. Priced at $134,900, this property offers significant potential for a quick return on investment. A minimum of 24-hour notice is required for showings.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.