315 Turner Rd Ashland, WI 54806-2598
This remarkable 1880 brownstone building, situated on over 3.5 acres adjacent to Prentice Park and steps from Maslowski Beach, presents a rare investment opportunity. Known as "The Platter," this Ashland landmark has been a beloved community fixture for years and is undergoing significant renovations. The extensive updates include a completely remodeled dining room featuring crystal chandeliers, professionally refinished hardwood floors, and the stunning reveal of the original brownstone. Other improvements encompass a renovated kitchen, a reconfigured basement, a new kitchen porch, and a newly poured garage foundation. The property's impressive exterior boasts marble pillars sourced from downtown Ashland. The main floor offers a bar/lounge area, formal dining spaces, a commercial kitchen, and a wraparound porch providing breathtaking Lake Superior views. Upstairs, a newly remodeled bathroom, kitchenette, and ample space are adaptable for residential use, offices, or event space. This property is listed on the Historic Property City of Ashland registry as number 141, offering a unique chance to own a piece of Ashland's rich history. The combination of its prime location, substantial renovations, and historical significance makes this a truly exceptional commercial property. The expansive acreage provides ample room for future development or expansion. This is a chance to acquire a truly one-of-a-kind property with immense potential.
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
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