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Property profile & analytics
OFF-MARKET
Commercial real estate

431 Bayfield St Washburn, WI 54891-1137

0.32 ac lot
Individually Owned Free & Clear
Property ID
US92-3008998
Property summary
AI-generated overview

This exceptional 0.32-acre commercial property at 431 W Bayfield St, Washburn, WI, is priced at $225,000 and presents a remarkable investment opportunity. Previously utilized as a gas station (tanks removed in 1989), the building has since served as a car repair shop and a retail space, showcasing its adaptability. The main level boasts a robust, ready-to-customize layout, ideal for a diverse range of commercial ventures. Its high visibility and convenient accessibility make it a truly prime location. Adding to its appeal is a well-maintained upstairs apartment, approximately 20 years old, offering comfortable living space. The current owner resides in the apartment and is open to continuing as a tenant, providing a potential income stream. The property also features solar panels connected to the building, offering significant energy savings. This versatile property is perfect for entrepreneurs seeking a solid foundation for their business, combined with the added benefit of rental income. The building's history demonstrates its resilience and adaptability, making it an attractive prospect for a variety of commercial uses. Don't miss this chance to acquire a well-located, versatile commercial property with significant upside potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.32 ac (13,983 SF)
APN 04-291-2-48-04-05-2 00-312-18000
UPID US92-3008998
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
Current use
Occupant on record · Public records
  • Pierce Street Seat Co. Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
GAIL L BODIN
GAIL L BODIN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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