348 W 1st Street Waldo, WI, 53093

🏛️ Historic Waldo School | Prime Adaptive Reuse Opportunity | Built 1904

348 W 1st St, Waldo, WI

Step into a rare piece of Wisconsin history with this decommissioned 1904 Waldo Schoolhouse—a striking brick landmark offering unmatched character, scale, and redevelopment potential.

With over 14,700+ square feet of finished and lower-level space, this remarkable property is fully positioned for conversion into 8 residential apartments, with professional plans already completed and approved.

This is not a typical investment property—this is a legacy project for a buyer who values craftsmanship, history, and long-term upside.

Property Highlights

✅ Built in 1904 – Prominent brick architecture & timeless design

✅ 11,362 Sq Ft Above Grade + 3,363 Sq Ft Below

✅ Original hardwood floors throughout much of the building

✅ North wing addition with alternate flooring

✅ 1.4+ Acres with scenic northern views

✅ Solid structural condition for its age

✅ Extensive interior volume & natural light

Development-Ready

✔️ Designed for 8 residential apartments

✔️ Demolition and second-floor restructuring already started

✔️ Professional architectural and renovation plans by The Custom House LLC

✔️ Wisconsin DSPS approved (2022)

✔️ Seller has invested $20,000+ in plans and approvals

✔️ Layout maximizes efficient, modern living while preserving historic charm

This groundwork saves the next owner significant time, money, and risk—allowing you to move directly into development.

Ideal Buyer 

This opportunity is best suited for:

• Cash buyers
• Developers
• Adaptive reuse investors
• Historic renovation specialists
• Portfolio builders seeking a signature property

Financing may be limited. Cash or equivalent buyers preferred.

Why This Property?

Opportunities like this are exceedingly rare.

✔️ High-demand apartment conversion concept

✔️ One-of-a-kind architectural presence

✔️ Community landmark

✔️ Strong long-term rental appeal

✔️ No competing property like it in the area

This is the chance to transform a century-old institution into a modern residential destination—while preserving its story.

Create Your Legacy

On over 1.4 acres, overlooking beautiful northern views, this iconic building is ready for its next chapter. Whether you envision upscale loft-style apartments, boutique rentals, or a signature redevelopment, this property gives you the canvas.

Once-in-a-lifetime opportunity to own and reinvent a historic landmark.

📍 348 W 1st St, Waldo

🏛️ Former Waldo School

📐 14,700+ Sq Ft

📄 Approved Plans Included

💼 Cash/Equivalent Buyers Preferred

For the fastest response, additional information or to schedule a showing, please email Matt@PleasantViewRealty.com or call/text 920-207-5450 OR Nikki@PleasantViewRealty.com or call/text 920-980-4495.

Note: age, sq footage & lot size per assessor.

AGENTS: The seller has given authorization to the listing firm to provide the buyer broker firm compensation. Buyer’s agent please contact the listing agent for information and/or the compensation agreement.