318 Main Street, Balsam Lake, WI 54810 - Photo 1

1/1

$275,000

Sold
Closed
Commercial
3,580 Sq. Ft.
0.09 Acres

1/1

Property Description

Don't miss out on this fantastic investment opportunity in thriving downtown Balsam Lake! This property offers three apartments (one of which has already been renovated) with a strong rental history, all currently leased, providing steady income. In addition to the residential units, there's a business space on the main level, storage and common space in the basement, and coin operated laundry facilities that generate even more income. Two additional garage storage spaces are also included and can be combined with tenant lease for additional income. Whether you choose to live in one of the apartments or strictly use the entire building as rental income, this property is a smart choice for investors. A 24-hour notice is required due to tenant occupancy.

Full Property Details

Full Property Details for 318 Main St

General

Sold For: $275,000
Taxes: $2,031 (2024)
Status: Closed
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6699705
Added to Site: 284 day(s) ago

Parking

Garage: Yes
Garage Description: 14 x 22 each
Garage Spaces: 2
Parking Features: On-Street Parking Only

School Information

School District: W238 - Unity
High School District: Unity

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Hot Water
Heating Fuel: Natural Gas

Utilities

Sewer: City Sewer Connected
Water: City Water (Connected)
Utility Description: Heating Common

Financial Considerations

Operating Expenses: $7,325
Tax Amount: $2,031
Tax Year: 2024
Owner Pays: Sewer, Trash Collection
Tenant Pays: Electricity, Gas
Pays Electric: Tenant Pays
Pays Gas: Tenant Pays
Pays Trash: Owner Pays

Disclosures and Reports

Legal Description: S 1/2 LOT 7, ALL LOT 8 BLK 17 ORIGINAL PLAT EXC W 5 FT
Inclusions: Building, Leases
Property ID: 106002640000

Listed by Property Executives Realty
Sold by Saphire Realty

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code *

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agent

— 318 Main St —

Property Executives Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 318 Main St

School District:Unity School District

Name	Grades	Distance
Unity Elementary School 1908 150th St, Balsam Lake, WI 54810	PK-4	2.5 mi
Unity Middle School 1908 150th St, Balsam Lake, WI 54810	5-8	2.5 mi
Unity High School 1908 150th St, Balsam Lake, WI 54810	9-12	2.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 318 Main St

Date

Details

Price

Change

Source

7/21/2025

Sold

$275,000

-8.3%

MLS

4/08/2025

Listed

$299,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tbd Dau Dr, Milltown, WI 54858 - Photo 1

Just Listed

$31,900

Tbd Dau Dr Milltown, WI 54858

Lots/Land
Active
Updated 4 days ago

1.43
Acres

Listed by Saphire Realty

2226 150th St, Milltown, WI 54858 - Photo 1

Just Listed

$319,900

2226 150th St Milltown, WI 54858

Single Family
Active
Updated 12 hours ago

3
Beds
2
Total Baths
1,512
Sq. Ft.

Listed by Property Executives Realty

Lot 10 187th St, Dresser, WI 54009 - Photo 1

Just Listed

$60,000

Lot 10 187th St Dresser, WI 54009

Lots/Land
Active
Updated 3 days ago

1.05
Acres

Listed by Brian Smith (651) 399-1751 and Dan Payne (715) 222-3167

Lot 13 187th, Dresser, WI 54009 - Photo 1

Just Listed

$480,000

Lot 13 187th Dresser, WI 54009

Single Family
Active
Updated 2 days ago

3
Beds
3
Total Baths
2,099
Sq. Ft.

Listed by Brian Smith (651) 399-1751 and Dan Payne (715) 222-3167

609 Pondhurst Dr, Amery, WI 54001 - Photo 1

Price Reduced

-$20,900 (-7.74%)

$249,000

609 Pondhurst Dr Amery, WI 54001

Townhouse
Active
Updated 2 days ago

2
Beds
2
Total Baths
2,079
Sq. Ft.

Listed by Compass Realty Group

512 Seminole Ave, Osceola, WI 54020 - Photo 1

Price Reduced

-$5,000 (-1.43%)

$344,900

512 Seminole Ave Osceola, WI 54020

Single Family
Active
Updated 7 hours ago

3
Beds
2
Total Baths
1,800
Sq. Ft.

Listed by RE/MAX Professionals

31720 Madison Rd, Lindstrom, MN 55045 - Photo 1

Price Reduced

-$9,100 (-2.07%)

$429,900

31720 Madison Rd Lindstrom, MN 55045

Single Family
Active
Updated 3 days ago

3
Beds
2
Total Baths
1,847
Sq. Ft.

Listed by Bridge Realty, LLC

602 Grouse Way, New Richmond, WI 54017 - Photo 1

602 Grouse Way New Richmond, WI 54017

Single Family
Active
Updated 2 days ago

5
Beds
3
Total Baths
2,555
Sq. Ft.

Listed by RE/MAX Advantage Plus

207 2nd Ave W, Balsam Lake, WI 54810 - Photo 1

Sold

$252,000

207 2nd Ave W Balsam Lake, WI 54810

Single Family
Closed

3
Beds
3
Total Baths
1,649
Sq. Ft.

Listed by Saphire Realty
Sold by RE/MAX Advantage Plus

605 Ramberg Ct, Balsam Lake, WI 54810 - Photo 1

Sold

$271,000

605 Ramberg Ct Balsam Lake, WI 54810

Single Family
Closed

3
Beds
3
Total Baths
1,719
Sq. Ft.

Listed by EXP Realty, LLC
Sold by Century 21 Affiliated

119 Vadnais Ln, Balsam Lake, WI 54810 - Photo 1

Sold

$294,000

119 Vadnais Ln Balsam Lake, WI 54810

Single Family
Closed

3
Beds
2
Total Baths
1,568
Sq. Ft.

Listed by EXP Realty, LLC
Sold by Compass Realty Group

1288 170th Ave, Balsam Lake, WI 54810 - Photo 1

Sold

$255,000

1288 170th Ave #I Balsam Lake, WI 54810

Single Family
Closed
Updated 11 days ago

3
Beds
2
Total Baths
2,596
Sq. Ft.

Listed by Art Anderson Realty
Sold by Compass Realty Group

318 Main Street, Balsam Lake, WI 54810 (MLS# 6699705) is a Commercial property that was sold at $275,000 on July 21, 2025. Want to learn more about 318 Main Street? Do you have questions about finding other Commercial real estate for sale in Balsam Lake? You can browse all Balsam Lake real estate or contact a Coldwell Banker agent to request more information.

318 Main St Balsam Lake, WI 54810

Full Property Details for 318 Main St

General

Parking

School Information

Heating & Cooling

Utilities

Financial Considerations

Disclosures and Reports

Listing agent

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 318 Main St

Price & Sales History for 318 Main St

Just Listed near 318 Main St

Tbd Dau Dr Milltown, WI 54858

2226 150th St Milltown, WI 54858

Lot 10 187th St Dresser, WI 54009

Lot 13 187th Dresser, WI 54009

Price Reduced near 318 Main St

609 Pondhurst Dr Amery, WI 54001

512 Seminole Ave Osceola, WI 54020

31720 Madison Rd Lindstrom, MN 55045

602 Grouse Way New Richmond, WI 54017

Recent Sales near 318 Main St

207 2nd Ave W Balsam Lake, WI 54810

605 Ramberg Ct Balsam Lake, WI 54810

119 Vadnais Ln Balsam Lake, WI 54810

1288 170th Ave #I Balsam Lake, WI 54810

End-User License Agreement