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    2091 State St Superior, WI 54880

    For Sale
    $118,000

    High-yield storage units & garages.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment property, situated on a sizable 0.61-acre corner lot in the heart of Oliver, Superior, Wisconsin, presents a rare opportunity for savvy investors. The property features a main storage building comprising twelve individual units, eight measuring 10'x10' and four measuring 5'x10'. All units are currently leased on a month-to-month basis, offering immediate cash flow and flexibility. Adding to the income potential, a two-car garage has been cleverly subdivided to create two additional rental spaces. Further enhancing the property's income-generating capabilities is a 20'x10' metal storage container, also available for lease. Currently generating $950 per month in rental income at existing rates, a market analysis suggests significant potential for increased revenue through adjustments to rental pricing. The property's low-maintenance design and established tenant base make it an ideal "plug-and-play" investment, requiring minimal effort to manage and maximize returns. The property's prime location and diverse rental options ensure a strong and stable income stream. This is a turnkey investment ready for immediate income generation. Don't miss this chance to acquire a profitable and easily managed commercial property.

    Property Features for 2091 State St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    26,572 SF

    Building Details

    Year Built
    2015
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Storage Facility Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    DOUGLAS
    State
    Wisconsin
    Longitude
    -92.19832
    Latitude
    46.65643

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield storage units & garages.
    Where is this commercial real estate located?
    The property is located at 2091 State St Superior, WI.
    What is the asking price?
    The asking price for this property is $118,000.
    (218) 722-2811
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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
    2091 State St Superior, WI 54880
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