748 Central Avenue Florence, WI $ 895,000
748 Central Avenue
$ 895,000
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748 Central Avenue

Florence, WI, 54121
$ 895,000
Bedrooms-- Baths-- Sq 15,400

Monthly Estimate*

$ 5,584

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View a Virtual Tour

Commercial Property for sale in Florence, WI

for $895,000. This 15,400 square foot building was built in 1937 on a lot size of 0.16.

Encore on Central – A rare and remarkable opportunity to own a fully renovated 15,000 sq ft historical commercial building located on highly visible US Highway 2 in the charming town of Florence, WI. This iconic property offers endless income-generating potential and is move-in ready for a variety of uses. Step inside to discover a breathtaking grand ballroom that accommodates up to 300 guests—perfect for weddings, corporate events, training seminars, and special occasions, along with a 50 ft bar area. The space also includes a full commercial kitchen, a beautiful bar, and all tables, chairs, and inventory included in the sale. Encore on Central currently generates rental income with established tenants including a tanning business, a martial arts studio, and an exercise/gym area. With a valid Wisconsin liquor license, this venue is primed for expansion—think brewery, supper club, upscale event space, or business incubator. The building has been fully point-tucked many renovations invested, combining modern amenities with preserved historic character. A true turn-key investment offering outstanding income potential in a high-traffic location. Bring your vision to life in this one-of-a-kind property!

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Commercial Active

Price

$ 895,000

Property Type

Commercial

Taxes

$ 6,373

Style

Business

Lot Size

0.16

Year Built

1937

Town/City

Florence

County/Region

Florence

MLS | Web ID

50181794

Features
General
Heating Forced Air
Cooling Exhaust Fan HVAC Wall/Window A/C
Zoning Commercial-Historical Commercial
Water Public Water
Status Active Active
Year Built 1937
Parking 11-20 Spaces Municipal On Site Parking Lot
Water Heater Gas
County Florence-WI
Class COM/IND/BUS OPP
Type Business
Business Name Encore on Central
Ownership Private
Municipality Florence T-WI
Subdivision WI
Sale/Rent For Sale
Status Detail 0
Commercial Features 220 Volt Power ADA Accessible Carpet Ceramic Floor Internet Available Fixtures Furniture Lockers No Elevator Public Restrooms Reception Area Restroom(s) Tile Floors Wood Floors Smoke/Fire Alarm
Area Florence T-WI
Primary City Florence
Location Corner Lot Main Street
Virtual Tour https://unbranded.youriguide.com/748_central_ave_florence_wi/
Directions From Iron River head East on US2 to Florence WI destination will be on the left.
City Florence T-WI
Financial Terms Cash Commercial Loan Conventional
Legal Description LOTS 11 & 12 & W 1/2 OF LOT 13 OF BLOCK 16 OF PLAT OF VILLAGE OF FLORENCE
DOM 142
Postal Code 54121
Price Per Sq Ft Total AG 58.12
Public Remarks Encore on Central – A rare and remarkable opportunity to own a fully renovated 15 000 sq ft historical commercial building located on highly visible US Highway 2 in the charming town of Florence
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Exterior
Exterior Brick Full Masonry
Lot Size Area 0.16
Lot Dimensions 7187
Water Features None
Roads City/County Class A Paved Street U.S. Highway Year Round
Waterfront Y/N No
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Interior
Ceiling Height 16-20 Feet Greater than 20 Ft. Less than 16 Ft.
Fuel Type Natural Gas
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* Excluded Features
List By
NICOLE HEBERT

Listing Agent

Keller Williams Classic Realty Nw

Broker

nikkih@kw.com

Email

Affordability Calculator

$6,115
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,584
Monthly Property Taxes
$531
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2025$895,000 -3.24% Price Down
7/16/2025$925,000 Listed Price

Map


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748 Central Avenue, Florence, WI, 54121 is a Commercial Property for sale at $895,000 with 15,400 sqft and a lot size of 0.16. 748 Central Avenue was built in 1937. The property's zip code is 54121 which is in Florence, WI