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Listed by Michael Zaddack • Keller Williams Realty-Lake Country
$ 425,000
Est. payment /mo
Active
227 S 3rd STREET Palmyra, WI 53156
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
Municipality PALMYRA
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 Natural Gas
Cooling Central Air, Hot Water/Steam
Inclusions Equipment and property at the location that is used for daily restaurant operation, production and food/beverage service.
Exterior
Exterior Feature Brick, Brick/Stone, Wood
Garage Spaces 20.0
Parking On Site 20
Roof Type Composition/Fiberglass,Metal
Building
Dwelling Type Free Standing
Story 2
Sewer Municipal Sewer, Municipal Water
New Construction N
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