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    Property profile & analytics

    232 E Springer Ave Elmwood, WI 54740

    • Office space
    • 28,549 SF
    • 2.36 lot acres
    For Sale
    View listing
    $995,000
    Value Estimation
    Location Intelligence
    Property ID
    US92-1029123
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office space

    Property Details for 232 E Springer Ave

    Lot size
    2.36 lot acres
    Property size
    28,549 SF
    Property type
    Office space

    Description

    Exceptional commercial investment opportunity in Elmwood, Wisconsin, awaits! This expansive 28,549 square foot brick building, situated on a 2.36-acre lot, presents a multitude of possibilities. Previously utilized as a nursing home and medical clinic, the property offers a flexible layout adaptable to various uses. The main building features a welcoming vestibule, reception area, private office, common area, and five wings comprising 33 rooms, along with several shared spaces. A former commercial kitchen and a substantial medical clinic area, complete with waiting room, reception, restrooms, lab, X-ray room, exam rooms, procedure room, and offices, are also present. An additional building provides unfinished basement storage. The property boasts ample paved parking (approximately 37 spaces) and a recently installed furnace system (within the past couple of years). The asking price is $995,000, translating to $34.85 per square foot. This property is ideal for adaptive reuse, potentially including housing, temperature-controlled storage, or other commercial ventures. Explore the potential of this unique investment opportunity today. The property is located at 232 Springer Ave, Elmwood, WI 54740.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood
    County
    Pierce
    State
    Wisconsin
    Longitude
    -92.144264
    Latitude
    44.781869
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    232 E Springer Ave
    Elmwood, WI 54740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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