227 S 3rd, Palmyra, WI
$425,000
5,482
Square feet
0.55
Acres
About 227 S 3rd
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.
Features of 227 S 3rd
| MLS® # | 1934663 |
|---|---|
| Price | $425,000 |
| Square Footage | 5,482 |
| Acres | 0.55 |
| Year Built | 1857 |
| Type | Commercial |
| Sub-Type | Business Opportunity |
| Status | Active |
Community Information
| Address | 227 S 3rd |
|---|---|
| City | Palmyra |
| County | Jefferson |
| State | WI |
| Zip Code | 53156 |
Amenities
| Parking Spaces | 20 |
|---|
Interior
| # of Stories | 2 |
|---|---|
| Stories | 2 |
| Basement | Full, Block, Brick |
Exterior
| Exterior | Wood, Brick |
|---|---|
| Roof | Composition, Metal |
Additional Information
| Zoning | Business |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $7,304 |
| Tax Year | 2024 |
| Agent | Michael D Zaddack |
| Office | Keller Williams Realty-Lake Country |
Listing Details
| Office | Keller Williams Realty-Lake Country |
|---|