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$299,900

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3,920 Sqft Lot

Active

318 Main ST Balsam Lake, WI 54810

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Nick Leavy

talent@ermetro.com +1(612) 236-5331

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Original V Balsam Lake

MLS Listing ID 6699705

Year Built 1938

Annual Tax Amount $2,031

Tax Year 2024

Contingent None

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 50x140

Property Sub-Type Mixed Use

Property Description

Don't miss out on this fantastic investment opportunity in thriving downtown Balsam Lake! This property offers three apartments (one of which has already been renovated) with a strong rental history, all currently leased, providing steady income. In addition to the residential units, there's a business space on the main level, storage and common space in the basement, and coin operated laundry facilities that generate even more income. Two additional garage storage spaces are also included and can be combined with tenant lease for additional income. Whether you choose to live in one of the apartments or strictly use the entire building as rental income, this property is a smart choice for investors. A 24-hour notice is required due to tenant occupancy.

Location

State WI

County Polk

Zoning Business/Commercial

Rooms

Basement Full, Storage Space, Unfinished

Interior

Heating Hot Water

Cooling Window Unit(s)

Inclusions Building, Leases

Fireplace No

Appliance Dryer, Range, Refrigerator, Washer

Exterior

Parking Features On-Street Parking Only

Garage Spaces 2.0

Utilities Available Heating Common

Roof Type Flat

Present Use Professional/Office,Residential

Building

Lot Description Corner Lot

Story Two

Foundation 1440

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone

Schools

School District Unity

Listed by Thomas Hartmann • Property Executives Realty

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Nick Leavy

President

+1(612) 236-5331

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318 Main ST Balsam Lake, WI 54810

Nick Leavy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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