232 E Springer Ave Elmwood, WI 54740
For Sale
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Spacious commercial investment opportunity awaits! Formerly used as a nursing home and medical clinic facility, this brick building boasts over 28,000 sqft and could accommodate a variety of uses beyond care facilities (such as renovating to housing, a temperature controlled storage facility, and more)! The current layout has a front vestibule entry, reception area, private office, common area living room and 5 wings set up as 33 resident rooms, plus several common spaces, a back area that was once a commercial kitchen, and a prior medical clinic. The clinic space is set up with a waiting room, reception area, two public restrooms, lab, staff restroom, X-Ray room, five exam rooms, one procedure room, and two offices. There is an additional building with an unfinished basement, previously used as additional storage. New furnace system installed within the past couple years. Ample paved parking (aprox 37 spaces). Come explore the possibilities! MLS#1578658 Keller Williams Realty Diversified/Each office is independently owned and operated
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.