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Rick Lovdal

rick@eliasonrealty.com +1(715) 891-5608

$ 195,000

Est. payment -/mo

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Active Under Contract

296 LAKE AVE N Phillips, WI 54555

6 Beds

5 Baths

3,650 SqFt

UPDATED:

02/19/2025 10:17 PM

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,650 sqft

Price per Sqft $53

MLS Listing ID 210646

Bedrooms 6

Full Baths 5

HOA Y/N No

Tax Year 2024

Lot Size 7,492 Sqft

Acres 0.17199266

Property Sub-Type Hotel/Motel

Property Description

Prime Investment Opportunity on State Hwy 13/Lake Ave N in the City of Phillips! This versatile commercial property offers a recently updated, fully finished office/retail space, plus ample main-floor square footage ready for your personal touch. Upstairs, you'll find three fully furnished 2-bedroom, 1-bath apartments, perfect for immediate rental income. The sellers have maintained and upgraded much of the property, including a brand-new roof. The building is situated on a large lot with extra off street parking opportunities. This commercial property offers excellent visibility in a desirable location and is ideal for expanding your portfolio or launching a new venture. Don't miss this rare opportunity—schedule your showing today!

Location

State WI

County Price

Direction N on Hwy 13/ Lake Ave N, property on Left on the Corner of Lake Ave N and Elm St.

Interior

Heating Baseboard, Electric, Hot Water, Natural Gas

Cooling Wall/Window Unit(s)

Flooring Carpet, Mixed

Inclusions Real Estate Only, Furniture, Other

Fireplace No

Exterior

Utilities Available Cable Available, Other, Phone Available

Water Access Desc Public

Roof Type Rubber

Road Frontage City Street, Highway

Building

Story 2

Sewer Public Sewer

Water Public

Others

Tax ID 272-100110000

Listed by RE/MAX NEW HORIZONS REALTY LLC

Rick Lovdal

Agent

+1(715) 891-5608

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