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    1017-1021 Tower Ave Superior, WI 54880

    For Sale
    $995,000

    Retail - Superior, WI

    Type:Retail
    Property size:
    27,000 SF
    Lot size:
    1.03 Acres
    Days on Market:
    158
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1017-1021 Tower Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Basement, Bathroom 1
    Bathrooms
    1
    Basement Y/N
    1
    Size
    27,000 SF
    Lot size
    1.03 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1905
    Floors in Building
    2
    Number of units
    5
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Megan Wilson (952) 829-2900

    Listing date Jul 2, 2025

    MLS# 6120474 Listing URL

    Copyright © 2025 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Superior, WI Retail Opportunity

    This commercial property offers an incredible opportunity with a main level featuring four leased units occupied by retail spaces, a laundromat, and a bar, along with one vacant space. The utilities are separated for the current spaces. The upstairs area and a section on the main level below are available as a blank canvas, suitable for office space or a new design. A private parking lot is located behind the building, with 30 spaces allocated on leases and additional space for parking. The building encompasses approximately 26,000 to 27,000 square feet, including garage space with overhead garage doors accessible from the parking lot. The property is situated on a 1.03-acre lot. The current tenants provide income to offset new business ventures.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.104254630032
    Latitude
    46.725736072736

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    FAQs

    What type of property is this?
    Retail space - Commercial property with retail, bar, and office space potential.
    Where is this retail space located?
    The property is located at 1017-1021 Tower Ave Superior, WI.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Income-generating property with 4 leased units and good standing tenants.; - Significant potential for expansion or new development with a large, customizable space upstairs and on the main level.; - Private parking lot with 30 allocated spaces and additional parking availability.
    (952) 829-2900
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1017-1021 Tower Ave Superior, WI 54880
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