$275,000
$259,900
5.8%For more information regarding the value of a property, please contact us for a free consultation.
225 LAKE AVE N Phillips, WI 54555
5 Beds
6 Baths
5,253 SqFt
Key Details
Sold Price $275,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,253 sqft
Price per Sqft $52
MLS Listing ID 209431
Sold Date 11/25/24
Bedrooms 5
Full Baths 6
HOA Y/N No
Year Built 1977
Annual Tax Amount $3,506
Tax Year 2023
Lot Size 2,657 Sqft
Property Sub-Type Office
Property Description
Seize the chance to own a prime commercial property situated on the busiest highway in Phillips, WI! This multi-use property features five spacious apartments—two offering stunning water views—along with a spacious storefront business space complete with a showroom, large office, break room, and bathroom. Tenants pay extra for garage space, and the four advertising slots on the building's side generate additional monthly revenue. With a high yearly income after expenses, this property is a fantastic opportunity for anyone looking to expand their investment portfolio! The new owner shall honor all existing leases and contracts as landlord until the previously agreed upon date of termination. Don't miss out on this prime investment opportunity!
Location
State WI
County Price
Community Display Window, Sidewalks
Direction From REMAX, N on 13, property on R across from courthouse
Rooms
Other Rooms Living Quarters
Interior
Heating Baseboard, Electric, Forced Air, Natural Gas
Flooring Carpet, Laminate, Vinyl
Fireplace No
Window Features Display Window(s)
Exterior
Parking Features Garage, Private
Community Features Display Window, Sidewalks
Utilities Available Cable Available, High Speed Internet Connected, Phone Available
View Y/N Yes
Water Access Desc Public
View Water
Roof Type Rubber
Road Frontage Highway
Garage Yes
Building
Lot Description Views
Story 2
Sewer Public Sewer
Water Public
Additional Building Living Quarters
Others
Tax ID 272-104204000
Security Features Fire Alarm
Read Less
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Bought with RE/MAX NEW HORIZONS REALTY LLC