305 W Prospect St

Thorp, WI 54771
  • $1,300,000

    Price
  • 6,246

    SqFt
  • 1.6

    Acre

About the Listing 48184 - 892010010

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.

Listing Highlights

Status Active
Days on Site 40
Property Type Multi-Family
MLS ® 7127607
Year Built 1992
Total Square Footage 6,246
Lot/Acreage 1.6
County Clark
Neighborhood Lindquist Add
School District Thorp

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: Forced Air,Natural Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 6246
  • Basement:
  • Other:
  • Water: City Water/Connected

Exterior Details

  • Lot Description: Creek/Stream,Waterfront
  • Garage Capacity: 9 car
  • Lot Dimensions: 233X60X194X181
  • Zoning: Residential-Multi-Family
  • Roof:
  • Others:
  • Sewer: City Sewer/Connected
  • Parking Features: Attached Garage,Asphalt,Garage Door Opener

Financial Details

  • Tax Amount: $8,141
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 2860907305
  • Tax Year: 2025

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Questions About..

305 W Prospect St Thorp, WI 54771

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Originating MLS: northstar

Agent profile image in chat bubble
Agent profile image in chat header

Brad Bemowski

Realtor and Licensed Real Estate Broker | Brad Bemowski | Homcentric Real Estate, powered by Property Executives Realty

Agent profile image in message

or another way