Homes for sale - 227 S 3rd STREET, Palmyra, WI 53156

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Daniel Bertelson

info@commercialwisconsin.com +1(608) 218-4460

$ 425,000

Est. payment | -/mo

5,482 SqFt

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$ 425,000

Est. payment | -/mo

Save

5,482 SqFt

Key Details

Property Type Commercial

Sub Type Restaurant/Supper Club,Tavern/Bar

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 Sub-Type Restaurant/Supper Club,Tavern/Bar

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

Listed by Keller Williams Realty-Lake Country

227 S 3rd STREET Palmyra, WI 53156