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Property profile & analytics
OFF-MARKET
Commercial real estate

315 Main E St Ashland, WI 54806-1727

Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US92-3164102
Property summary
AI-generated overview

This vacant, 2,847 square foot bar and restaurant located at 315 Main St E in Ashland, WI, is offered at $189,900 ($66.70/sq ft). Built in 1946, this single-story, single-unit building sits on a 0.13-acre lot (APN 201-01345-0000) and is zoned for City Center use. The property boasts a stunning mahogany bar, numerous booths, and ample space for dining and entertainment. Included in the sale is all existing equipment, allowing for immediate operation. The building features gorgeous ornate details and is a stop on the Ashland Mural Tour, showcasing a 2021 mural by Susan Prentice Martinsen. Its prime location on Main Street, just blocks from Lake Superior, presents a fantastic opportunity for a new business venture. The property is currently vacant, offering immediate occupancy.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 201-01345-0000
UPID US92-3164102
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Fab LLC
Fab LLC
since 2025
Last sale
$175,000
7 recorded transactions
2025
$175,000
2025
Price N/A
2021
$74,000
2016
$49,900
2013
$38,500
2012
Price N/A
2011
$56,400
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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