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Property profile & analytics
FOR SALE
Commercial real estate

230 E Main St Gilman, WI 54433

0.15 ac lot
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US92-1397254
Property summary
AI-generated overview

This exceptional turnkey opportunity presents the chance to acquire the Grand Gilman Theatre, a well-established entertainment venue located at 230 E MAIN STREET, Gilman, WI. The property boasts a substantial 4,200 square feet of space situated on a 0.15-acre lot. The building itself is constructed of durable concrete block with a low-maintenance metal roof, ensuring minimal upkeep and long-term cost savings. The theatre has recently undergone updates, featuring a 154-seat auditorium complete with a stage, projection screen, and a dedicated dressing room for performers. Conveniently located for patrons, the theatre includes a front ticket booth, a spacious lobby area, a concession stand for refreshments, and two restrooms. Adding to its unique appeal, the upper level offers a dedicated projector room and a private VIP viewing area equipped with a wet bar, providing an exclusive experience for select guests. Priced at $220,000, this property represents a significant investment opportunity in a thriving community. The combination of its established reputation, updated facilities, and attractive price point makes this a truly compelling proposition for a savvy investor seeking a profitable and unique commercial venture. The solid construction and low-maintenance features promise years of reliable operation with minimal ongoing expenses. This is a rare chance to own and operate a thriving community landmark.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.15 ac (6,534 SF)
APN 131-00185-0000
UPID US92-1397254
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
Current use
Occupant on record · Public records
  • Grand Gilman Theater Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Deanna Bornheimer · 3 yrs held
Deanna Bornheimer
since 2023
3 recorded transactions
2023
$35,000
2022
$35,000
2018
$6,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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