Downtown Office
109 N 28th St E Superior, WI 54880
109 N 28th St E, Superior, WI, 54880
Contact for pricing
For Sale
Contact for pricing
Office building offered for sale with 28,928 square feet and a stated 6.65% cap rate.
Property Size28,928 SF
Price / SF$345.86
Days on Market49
Property Features for 109 N 28th St E
General Information
- Standard status
- Active
- Size
- 28,928 SF
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing agency
Matthews
Listed by
Michael Moreno · License #CA 01982943
Source
Crexi
Added: Jun 3 Updated: Jul 20 at 7:01PM Checked: Jul 20 at 7:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This office building is being offered for sale in Superior, Wisconsin. The property totals 28,928 square feet and is presented with a stated 6.65% cap rate in the public remarks.
Located at 109 N 28th St E, the building provides a straightforward office configuration for buyers seeking an income-oriented commercial property. Further details regarding current tenanting, suite layout, and condition are not provided in the information submitted here.
Located at 109 N 28th St E, the building provides a straightforward office configuration for buyers seeking an income-oriented commercial property. Further details regarding current tenanting, suite layout, and condition are not provided in the information submitted here.
Key Highlights
- Office building built in 1997
- 28,928 SF office building offered for sale
- Stated 6.65% cap rate
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $676.9k | $23.40 |
| − Vacancy | −$101.5k | −$3.51 |
| EGI | $575.4k | $19.89 |
| − OpEx | −$143.8k | −$4.97 |
| NOI | $431.5k | $14.92 |
28,928 SF · lease $23.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.16M
$5.39M – $7.19M
NOI $431,533 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.12M
$7.98M – $10.64M
NOI $638,453 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mariner Medical Clinic ...
Medical Clinic
Worley David MD
Physician
Dr. Diane M. ...
Physician
Nordin Susan Z ...
Physician
Dr. Thomas Nelson
Physician
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FAQs
What type of property is this?
Office building - Office building offered for sale with 28,928 square feet and a stated 6.65% cap rate.
Where is this office building located?
The property is located at 109 N 28th St E Superior, WI.
What is the asking price?
The asking price for this property is $10,005,000.
What are key features of this property?
This property features: Office building built in 1997; 28,928 SF office building offered for sale; Stated 6.65% cap rate
