220 Main St E Ashland, WI 54806
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.