, Grantsburg, WI 54840 (MLS# 7130212)

Grantsburg, WI 54840

New Listing
$650,000
Property Type: Commercial Bedrooms: 1 Baths: 1 Square Footage: 8,000 Lot Size (sq. ft.): 21,344 Status: Active
Current Price: $650,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

A great investment opportunity! This apartment building Is fully rented out and ready for the next investor. Well maintained multi-unit apartment building in a quiet Grantsburg neighborhood. This property offers solid rental income with multiple clean, functional units featuring practical layouts and good natural light. This is also a historical building in the community being built in 1930 and being the hospital of Grantsburg for many years. All the tenants have passed background checks and do not cause issues. They all have year leases and with Off street parking, mature trees, and usable yard space add convenience and curb appeal. A strong investment opportunity in a desirable location.

Listing Details MLS# 7130212

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Owner Occupied
No
Waterfront YN
No
Year Built
1930
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2600
For Sale or Lease
For Sale
Acres
0.49
Lot Dimensions
162x132
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: Doors 36"+; Wheelchair Ramp Air Conditioning: Central Air Amenities Shared: Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Commercial; Residential Exterior: Brick/Stone Foundation: Brick/Mortar Fuel: Electric Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate Parking Characteristics: Parking Lot Rent Rate per Foot: Per Month Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
650000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Grantsburg
County
Burnett
State
WI
Zip Code
54840
Complex/Dev/Subdivision
Andersons Add

Assessments

Tax With Assessments
3394.48
Assessment Balance
0
Assessment Installment
0

Basement

Foundation Dimensions
35x75

More Information

Building Information

Building Finished SqFt
6750
Building SqFt
8000

Income and Expenses

Annual Gross Income
65640

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
19W
Section#
14
Township#
38

Sale Options

Sale Includes
Building, Business, Leases

Unit 1

Unit Number
12
Level
Below Ground
Leased?
Yes
Lease Expiration Date
2027-01-01
No. of 1 Bedroom Units
Yes

Unit 2

No. of 2 Bedroom Units
3
Lease Expiration Date
2027-01-01
Leased?
Yes
Level
Below Ground
Unit Number
11

Unit 3

No. of 3 Bedroom Units
2
Lease Expiration Date
2027-01-01
Leased?
Yes
Level
2nd Level
Unit Number
21

Unit 4

Lease Expiration Date
2027-01-01
Leased?
Yes
Level
3rd Level
Unit Number
31

Unit 5

Lease Expiration Date
2027-01-01
Leased?
Yes
Level
2nd Level
Unit Number
22

Unit 6

Lease Expiration Date
2027-01-01
Leased?
Yes
Level
3rd Level
Unit Number
33

Unit 7

Full Baths
Yes
Lease Expiration Date
2027-01-01
Leased?
Yes
Level
Main Level
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
Yes
Unit Number
7

Unit Details

Total Units
7

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
ANDERSONS ADDITION LOTS 1 & 2 & S 30' LOT 3 BLK 4
Listing City
Grantsburg
Map Page
999
Municipality
Grantsburg
School District
Grantsburg
School District Phone
715-463-2531
Zip Plus 4
236
Property ID Number
071312381914515023052000
Tax Year
2026
Tax Amount
3394.48
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
A great investment opportunity! This apartment building Is fully rented out and ready for the next investor. Well maintained multi-unit apartment building in a quiet Grantsburg neighborhood. This property offers solid rental income with multiple clean, functional units featuring practical layouts and good natural light. This is also a historical building in the community being built in 1930 and being the hospital of Grantsburg for many years. All the tenants have passed background checks and do not cause issues. They all have year leases and with Off street parking, mature trees, and usable yard space add convenience and curb appeal. A strong investment opportunity in a desirable location.
Directions
Take Hwy 87 north or south to Grantsburg. Turn east onto W Oak Street, then right (south) onto S Pine Street. Continue to 416 S Pine Street; the property will be on your right.

Accessible

Doors 36"+
Yes
Wheelchair Ramp
Yes

Air Conditioning

Central Air
Yes

Amenities Shared

Coin-op Laundry Owned
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Foundation

Brick/Mortar
Yes

Fuel

Electric
Yes

Heating

Forced Air
Yes

Parking Characteristics

Parking Lot
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Commercial
Yes
Residential
Yes

Rent Rate per Foot

Per Month
Yes
IDX
Listing Office: Edina Realty, Inc.
Last Updated: August - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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