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$425,000
5,482
square ft

227 S 3rd St
Palmyra, Wisconsin 53156

New / MLS #1934663 / Business / Palmyra
Listing information updated 9/10/2025 at 7:22pm
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 possibilities--whether 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.
Acreage:
0.55
Built:
1857
Roof:
Composition,Metal
Ceiling Height:
8'
Zoning:
Business
Current Net Income:
$Free Standing
Tax Amount:
$7,303
Tax Year:
2024
Zip Code:
53156
City:
Palmyra
County:
Jefferson

Listing Office: Keller Williams Realty-Lake Country

Listing Office Phone: 262.912.1400

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of Metro MLS. Copyright 2025 Multiple Listing Service, Inc. - All Rights Reserved. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

$421,995
Average Sale Price
39
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 227 S 3rd St, Palmyra, WI 53156
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227 S 3rd St, Palmyra, WI 53156 is a business currently listed at $425,000. This business has been listed on @properties Christie's International Real Estate since September 9th, 2025 and was built in 1857.

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