Properties

Listing courtesy of Melges Real Estate
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 possibilitieswhether 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.

Features
: Central Air
: Full, Block, Brick
: Municipal Sewer
Address Map
US
WI
Jefferson
Palmyra
53156
3rd
227
St
S
Business
Hwy 59 to 3rd St (S) to property. No sign posted.
Additional Info
Keller Williams Realty-Lake Country
Michael D Zaddack
Additional Information
2025-09-10
: Municipal Water
5482
Restaurant, Tavern/Bar, Other
: Wood, Brick
Financial
7303.72
Listing Information
keller9
Active
2025-09-11T00:17:42Z
MetroMLS
2025-09-10T23:51:56Z
43466

Commercial Sale For Sale

227 S 3rd St, Palmyra, Wisconsin 53156

0.55 Acre
$425,000
Listing ID #1934663
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 1934663
Price : $425,000
Year Built : 1857
Lot Area : 0.55 Acre
Listing Status : Active
Property Sub Type : Commercial/Industrial
Roof : Composition, Metal
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