305 W Prospect ST, Thorp, WI 54771
305 W Prospect ST, Thorp, WI 54771
305 W Prospect ST, Thorp, WI 54771
305 W Prospect ST, Thorp, WI 54771
305 W Prospect ST, Thorp, WI 54771
305 W Prospect ST, Thorp, WI 54771
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$ 1,300,000
Est. payment | /mo

6,246 SqFt


$ 1,300,000
Est. payment | /mo

6,246 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,246 sqft

Price per Sqft $208

Subdivision Lindquist Add

MLS Listing ID 7127607

Year Built 1992

Annual Tax Amount $8,141

Tax Year 2025

Contingent None

Lot Size 1.600 Acres

Lot Dimensions 233X60X194X181

Property Sub-Type Fourplex

Property Description

Exceptional Four-Unit Condominium Investment Opportunity | Thorp, Wisconsin
Discover a truly unique investment opportunity with this beautifully maintained four-unit condominium property situated on approximately 1.6 acres in a peaceful, park-like setting in Thorp, Wisconsin. With numerous improvements, exceptional accessibility, and multiple potential uses, this property is ideal for investors, healthcare providers, or those seeking a private family compound.
Three units offer 2 bedrooms and 1 full bath, while the fourth unit features 1 bedroom and 2 full baths. Every unit includes a four-season porch, attached 484-square-foot two-car garage, and in-unit washer and dryer, providing residents with comfort, convenience, and independent living.
The spacious end units each offer 1,167 square feet, while the two center units each provide 1,132 square feet of thoughtfully designed living space. Best of all, there are no steps inside or outside the property, making the entire development wheelchair accessible.
Residents can gather in the impressive 1,640-square-foot common area, featuring in-floor heat and ample space for social activities, meetings, or community events. Just outside, a large paved patio overlooks beautifully landscaped grounds, while a picturesque stream winds through the back of the property, creating a peaceful setting rarely found in an investment property. An additional detached common garage provides valuable storage or maintenance space.
Whether you're looking to create a:
? Family compound or multi-generational living community
? Vacation rental destination
? Long-term rental investment
? Assisted living, senior housing, adult family home, or other healthcare-related use (subject to buyer verification and local approvals)
? Corporate or workforce housing
this versatile property offers outstanding potential.
Property Highlights
• Building is a free span structure making it easy to remove any interior walls
? Four condominium units
? Three 2-bedroom, 1-bath units
? One 1-bedroom, 2-bath unit
? End units: 1,167 SF each
? Center units: 1,132 SF each
? Attached 484 SF two-car garage for every unit
? Four-season porch in every residence
? Washer and dryer included in each unit
? Completely wheelchair accessible with no interior or exterior steps
? 1,640 SF heated common area with
• In-floor heat
• Wall AC units
• Full bath with walk-in shower
• Full kitchen
? Large paved community patio
? Detached common garage
? 1.6-acre setting with a beautiful stream along the rear of the property
? Numerous improvements throughout
This is an exceptional opportunity to own a one-of-a-kind property that combines residential comfort, accessibility, natural beauty, and outstanding investment flexibility.

Location

State WI

County Clark

Zoning Residential-Multi-Family

Body of Water [{\"NST_LakeChain\":\"N\", \"LakeAcres\":0, \"WaterBodyKey\":\"1000790\", \"LakeDepth\":0, \"BodyOfWaterNumber\":\"999999999\", \"WaterBodyName\":\"Unnamed Lake\"}]

Rooms

Basement None

Interior

Heating Forced Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Attached Garage, Asphalt, Garage Door Opener

Garage Spaces 9.0

Waterfront Description Creek/Stream

Road Frontage N

Building

Story One

Foundation 6246

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

New Construction false

Schools

School District Thorp

Others

Virtual Tour https://tours.spinvision.com/idx/333547

Listed by Tammy DeGraw • DeGraw Investments LLC

NEARBY SCHOOLS & PROPERTIES

Jamie Novak

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 607-6963

jamie@mnpremierteam.com

7811 Great Plains Blvd, Chanhassen, MN 55317, USA

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305 W Prospect ST