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$345,000
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Property Description
Versatile commercial opportunity! This well-maintained property is currently configured for two separate business operations, offering flexibility for investors. One side is actively operating as a flooring business, featuring a spacious showroom ideal for retail or display purposes, complemented by two additional side rooms for storage or private consultation. This suite also includes a dedicated office, break room, and two private bathrooms- providing a functional and professional workspace. The second suite, formerly a Subway location, is well-equipped for food service or could be repurposed for a variety of commercial uses. It includes a dining area, kitchen/prep space, two 6x6 industrial coolers, and two bathrooms. Both units offer separate exterior employee access, enhancing convenience ad operational efficiency. Whether you're looking to expand your business, generate rental income, or reimagine the space, this property offers excellent potential in a high-visibility location.
Full Property Details
Full Property Details for 1243 Water Ave
General
- Price: $345,000
- Taxes: $4,912 (2025)
- Status: Active
- Type: Retail
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2022560
- Updated: 5/6/2026
- Added to Site: 7 day(s) ago
Additional Information
- Other Features: Restroom(s), Public Restrooms, Private Restrooms
Parking
- Parking Features: 21 to 35 Spaces, Paved Lot
Location
- Municipality: Hillsboro
- County: Vernon
- Driving Directions: From Kwik Trip in Hillsboro turn left onto State Hwy 33/82, turn left, turn right, turn left, property is located on the right.
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Central Air Conditioning
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Square Feet: 3,741
- Square Feet Range: 3501 to 5000
- Sq. Ft. Source: Listing Agent
- Year Built: 2006
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Source: Listing Agent
- Zoning: Commercial
Financial Considerations
- Tax Amount: $4,912
- Tax Year: 2025
Disclosures and Reports
- Inclusions: Everything included on Subway side unless purchaser does not have use for it. Sellers will remove.
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Schools
Schools serving 1243 Water Ave
School District:Hillsboro School District
| Name | Grades | Distance |
|---|---|---|
Hillsboro Elementary School 853 Hillsborough Avenue, Hillsboro, WI 54634 | PK-5 | 0.7 mi |
Hillsboro High School, Hillsboro, WI 777 School Road, Hillsboro, WI 54634 | 6-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1243 Water Ave
Date
Details
Price
Change
Source
5/06/2026
Listed
$345,000
-64.8%
MLS
9/06/2022
Sold
$980,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1243 Water Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,913
-17%
$290,300
36%
2024
$5,888
-2%
$212,900
—
2023
$6,004
10%
$212,900
—
2022
$5,464
-3%
$212,900
—
2021
$5,651
-2%
$212,900
—
2020
$5,747
7%
$212,900
—
2019
$5,362
5%
$212,900
—
2018
$5,092
2%
$212,900
—
2017
$5,014
1%
$212,900
—
2016
$4,945
-15%
$212,900
—
2015
$5,795
—
$212,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1243 Water Ave
1243 Water Avenue, Hillsboro, WI 54634 (MLS# 2022560) is a Retail property. 1243 Water Avenue is currently listed for $345,000 and was received on May 06, 2026. Want to learn more about 1243 Water Avenue? Do you have questions about finding other Retail real estate for sale in Hillsboro? You can browse all Hillsboro real estate or contact a Coldwell Banker agent to request more information.

