Commercial Income Property Downtown Phillips
Business Description
This building is located in the heart of downtown Phillips in an area of retail shops, restaurants and bars just down the road from the Phillips Chain of lakes, with direct snowmobile and ATV trail access. The building is currently leased by a local auction company and has 2 upper apartment rentals (2 BR, 1 BA and 1 BR, 1 BA). Current rents are $1,825/month and leases are month to month. Tenants pay utilities and owner pays city water and sewer charges. The building has a full basement, currently used for storage, and has 5,800 square feet on the main floor. There is a display window and long counter with ample space for checkouts stations. If you are looking for a prime location for your business or are looking for investment property this is worth a look. Northwoods are properties are moving quickly! Call for details and Make the Northwoods home to your business!
About the Business
- Facilities & Assets
- This commercial rental offers 5,800 main floor square feet and is currently leased by a local auctioneer at $1,000/month. There are 2 upper rentals that lease for $375/month and $450/month and are month to month tenancies. Tenants pay utilities except city water and sewer, which is paid by landlord. This location offers great visibility in the heart of downtown Phillips with access to snowmobile and ATV trails, an easy walk to restaurants, bars, shopping and gas stations. Phillips is the Price County seat. This would be an ideal set up for retail.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
Listing Info
- ID
- 2038945
- Listing Views
- 1112
Listing ID: 2038945 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.