2192 Hwy 17, Phelps, WI 54554

$529,900
1
BD

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List Price
$529,900
MLS#
220064
Status
ACTIVE
County
Vilas
City
Phelps
Bedrooms
1
Subtype Additional Info
Warehouse

Property Description

One property. Multiple income streams. Exceptional opportunity! Bring your entrepreneurial vision to this versatile investment featuring 30 storage units, a self-service car wash, a new dog wash, the only laundromat in town, and a one-bedroom apartment—all on municipal sewer and water. The storage operation has a long history of full occupancy and frequent inquiries from people seeking space, reflecting consistent demand. With sixteen 10 x 24 units and fourteen 10 x 28 units, it provides an established rental component alongside complementary service businesses. The single-bay, self-service car wash features a large overhead door, in-floor heat, and over $25,000 in new car wash equipment. The attached new dog wash adds another exciting revenue opportunity, featuring all-new equipment, a spacious stainless steel bathing area, and a ramp for larger dogs. Northwoods Laundry draws customers from across the area who appreciate its clean, peaceful setting. As the only laundromat in town, it serves an essential community need with nine washers, eight dryers, a new commercial water heater, a change machine, a vending machine, and a comfortable seating area. A one-bedroom apartment adds even more flexibility, offering potential rental income or convenient owner accommodations. With a history of strong storage demand, valuable equipment upgrades, and multiple avenues for income, this property presents an exciting opportunity to build on established businesses while bringing your own vision for the future. Make your next investment work in more ways than one!

Additional Information

Days on Market
1
Lot Dimensions
152x503
Heating
Baseboard, Propane, None, Hot Water
Exterior Features
Fence, Storage
Roof
Composition, Metal, Shingle

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Calculator source: Real Geeks

Listing courtesy of ELIASON REALTY - EAGLE RIVER.