July 7, 2021 – West Bend, Wi – The sale price of the former Ziegler Building, also known as 215 N. Main Street, in West Bend has been posted.
The asking price was $1,995,000. Click HERE for more details on the parcel.
The closing price was $1.9 million. The buyer is Dominic Ambroselli of Kewaskum. The building is currently 70-percent leased.
The building last sold Sept. 15, 2011 at public auction to John Kreilkamp and his son Tim for $450,000. The Kreilkamp’s were the only bidders at the Aug. 31 auction.
According to real estate agent Jim Emmer the Kreilkamps put about a million into the building replacing all the windows and upgrading the elevator, roof, and HVAC. “The cost of maintaining a building like that, especially after it sat empty all those years, is astronomical,” Emmer said.
The building had been on the market since Dec. 2008 with a sale price of $2.95 million. The 2011 proposed assessment was $1,802,800.
The building previously sold May 2004 to Leisure Investments for $2 million.
Jim Emmer’s firm handled the sale of the property. “We can’t wait to see what becomes of this awesome, historic building,” he said.
Click HERE for a gallery of interior photos
According to the city assessor the building dates to the 1900 and was last assessed (2020) at $1,406,300.
The Kreilkamp’s listed the property with Emmer Real Estate. The asking price was $1.6 million.
After the Ziegler Company left, there had been multiple tenants, possibly 15 tenants in the building included Client First Investment Management Inc., Greymont, and previously a handful of nonprofits including the United Way of Washington County.
