315 Main E St Ashland, WI 54806-1727
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.