NOT LISTED FOR SALE

227 S 3rd St Palmyra, WI 53156

Estimated Value: $416,500

Studio
-- Bath
5,482 Sq Ft
$76/Sq Ft Est. Value

About This Home

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.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2025 09/10/25 For Sale $425,000 -- $78 / Sq Ft

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,735 $486,000 $50,600 $435,400
2024 $7,304 $486,000 $50,600 $435,400
2023 $8,381 $371,600 $41,700 $329,900
2022 $7,681 $371,600 $41,700 $329,900
2021 $8,301 $371,600 $41,700 $329,900
2020 $8,337 $371,600 $41,700 $329,900
2019 $8,006 $371,600 $41,700 $329,900
2018 $8,379 $371,600 $41,700 $329,900
2017 $8,401 $371,600 $41,700 $329,900
2016 $8,842 $392,800 $41,700 $351,100
2015 $8,186 $393,600 $45,000 $348,600
2014 $8,017 $393,600 $45,000 $348,600
2013 $7,883 $393,600 $45,000 $348,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Zaddack

    Keller Williams Realty-Lake Country

    (414) 438-7444

    5 Total Sales

    Michael Zaddack
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Map

Wisconsin Jefferson County Palmyra 53156

227 S 3rd St, Palmyra, WI

Not Listed for Sale

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