225 N LAKE AVENUE Phillips, WI 54555

Sold Price $275,000

Property Type Commercial

Sub Type Business Opportunity w/RE

Listing Status Sold

Purchase Type For Sale

Square Footage 6,645 sqft

Price per Sqft $41

MLS Listing ID 22404897

Sold Date 11/25/24

Year Built 1977

Annual Tax Amount $3,505

Tax Year 2023

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Business Opportunity w/RE

State WI

County Price County

Area Other

Zoning Commercial

Other Rooms 6

Basement Block, Full, Walk Out/Outer Door

Heating Baseboard

Parking Features Garage, Alley, Street

Roof Type Flat,Membrane/Rubber

Lot 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!

Story 2

Sewer Municipal Water, Municipal Sewer

Water Municipal Water, Municipal Sewer

Level or Stories 2

Tax ID 272-104204000

Energy Description Natural Gas