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Listed by Keller Williams Realty-Lake Country
$425,000
Est. payment /mo
5,482 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,482 sqft
Price per Sqft $77
MLS Listing ID 1934663
Year Built 1857
Annual Tax Amount $7,303
Tax Year 2024
Lot Size 0.550 Acres
Acres 0.55
Property Description
Built in 1857, this character-filled building presents a rare investment opportunity in the heart of downtown Palmyra. With its rich history and small-town charm, this property offers endless possibilities--whether you envision keeping the tavern's welcoming atmosphere or transforming it into a fresh, modern destination. Conveniently located between Blue Spring Lake and Spring Lake, on the horse trails for those who travel on four legs and snowmobile trails for those who prefer two skis. It is an ideal gathering spot for locals and visitors alike. The upper level boasts 6 fully rented 1-BR studio apts, providing immediate rental income. Zoned for mixed use and currently holding a liquor license, this property is ready for its next chapter. Seller may entertain a lease but prefers to sell.
Location
State WI
County Jefferson
Zoning Business
Rooms
Basement Block, Brick, Full
Interior
Heating Central Air, Hot Water/Steam, Natural Gas
Cooling Central Air, Hot Water/Steam, Natural Gas
Flooring No
Exterior
Exterior Feature Brick, Wood
Garage Spaces 20.0
Roof Type Composition,Metal
Building
Water Municipal Sewer, Municipal Water
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