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Property profile & analytics
FOR SALE
Commercial real estate

220 Main St E Ashland, WI 54806

Entity Owned Absentee Owner Free & Clear
Property ID
US92-2762688
Property summary
AI-generated overview

This attractive 0.12-acre commercial property at 220 Main St E in Ashland, WI, offers a unique opportunity for a variety of businesses. The building boasts excellent visibility from its corner location on Main Street, with large windows providing both street and partial lake views. Ample parking is available, and the property features convenient handicapped accessibility via an internal ramp. Inside, the main level features updated electrical systems, air conditioning, and hot water heat. A small, separate suite is ideal for office space or private use. A commercial kitchen is already in place, equipped with a large gas range and an ANSI-compliant hood, although some modifications may be needed to meet current code requirements. The building's history is rich and varied, having previously served as the home of the VFW, a locksmith shop, and even the City of Ashland Water utility, demonstrating its adaptability to diverse commercial uses. The property's central location and versatile layout make it an exceptional investment opportunity. The asking price is $1150,000. The square footage is not currently available.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 201-01624-0000
UPID US92-2762688
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Free Wisconsin LLC
Free Wisconsin LLC
since 2025
Last sale
$160,000
4 recorded transactions
2025
$160,000
2024
$85,000
2020
$69,800
2018
$42,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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