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Property profile & analytics
OFF-MARKET
Commercial real estate

302 Main E St Ashland, WI 54806-1726

Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US92-2839185
Property summary
AI-generated overview

This exceptional commercial property, situated at 302 Main Street East in Ashland, Wisconsin, presents a unique investment opportunity. The building sits on a prominent corner lot spanning 0.32 acres, offering excellent visibility and accessibility on Ashland's main thoroughfare. Currently, the property includes an established VHS cleaning service and its equipment, which is included in the sale price. However, the sale also includes the option to purchase the real estate separately from the business. Half of the main floor is currently vacant, providing immediate potential for a new commercial tenant or conversion into an additional residential apartment unit. The upper floor features a leased apartment with a long-term tenant, generating consistent rental income. This versatile property offers a blend of established income and significant upside potential. Its central location and flexible layout make it ideal for a variety of commercial uses, while the existing apartment provides a stable revenue stream. The sale price for the entire property, including the business and equipment, is $189,900. Serious inquiries are encouraged to explore this remarkable opportunity to own a piece of Ashland's vibrant commercial landscape. The property's size is not specified in the provided information.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 201-01612-0000
UPID US92-2839185
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
Jeffrey Scott Peterson · 1 yrs held
Jeffrey Scott Peterson
since 2025
Last sale
$170,000
1 recorded transaction
2025
$170,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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