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(414) KEY-0000
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(414) KEY-0000
MLS# 1934663 - 227 S 3rd St Palmyra, WI 53156
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.

Keller Williams Realty-Lake Country is the brokerage office representing the owner for this listing.
© Copyright 2025, Multiple Listing Service, Inc. All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Modern MilwauKey Real Estate LLC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Modern MilwauKey Real Estate LLC, a broker participant of the Multiple Listing Service, Inc. Data Source: MetroMLS | Data last updated at Sep 11 2025 8:59AM.

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.

Keller Williams Realty-Lake Country is the brokerage office representing the owner for this listing.
© Copyright 2025, Multiple Listing Service, Inc. All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Modern MilwauKey Real Estate LLC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Modern MilwauKey Real Estate LLC, a broker participant of the Multiple Listing Service, Inc. Data Source: MetroMLS | Data last updated at Sep 11 2025 8:59AM.