Corner-Lot Mixed-Use
For Sale
$595,000
1304 Hammond Ave, Superior, WI 54880
COMMERCIAL, Superior, WI
Property Size5,921 SF
Lot Size0.28 Acres
Price / SF$100.49
Days on Market96
Property Features for 1304 Hammond Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Interior features
Kitchen Area, Private Resident Building, Restrooms, Fire Escape
Basement
Concrete
Directions
Hammond Ave
Subdivision
LSAR
Standard status
Active
Size
5,921 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6775
Utilities
Heating system
Natural Gas, Electric (Heating), Hot Water(Heating), Oil
Cooling system
Ductless, Zoned
Amenities
private rooftop deck
Building Details
Year built
1930
Number of units
2
Roof type
Rubber, Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Mike Raivala
(952) 829-2900
Added: Jul 16
Changed: Oct 13
Last Checked: Oct 19 at 3:06AM
MLS# 6126803
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
Located at 1304 Hammond Ave in Superior, this mixed-use property occupies a 0.28-acre corner lot and was built in 1930. The building includes multiple sizable rooms on the main level, offering a range of interior configurations, along with four attached garages that are heated and insulated. Off-street parking is located behind the garage area.
The second level contains a 4-bedroom apartment with a kitchen, dining room, laundry room, primary suite, and private rooftop deck. A recreation room occupies the third floor. The full basement adds office space, a utility room, and additional open area. Interior features include restrooms, a fire escape, and a private resident building. Heating systems include natural gas, oil, electric, and hot water, while cooling is provided through ductless and zoned systems.
The second level contains a 4-bedroom apartment with a kitchen, dining room, laundry room, primary suite, and private rooftop deck. A recreation room occupies the third floor. The full basement adds office space, a utility room, and additional open area. Interior features include restrooms, a fire escape, and a private resident building. Heating systems include natural gas, oil, electric, and hot water, while cooling is provided through ductless and zoned systems.
Key Highlights
- 0.28‑acre corner‑lot property at 1304 Hammond Ave, Superior, WI 54880
- Four attached garages with heating and insulation
- Upper‑level 4‑bedroom apartment with kitchen, laundry room, primary suite, and rooftop deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,436
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,720
$868.7K
Cap Rate 7%
$620,514
$620.5K
Cap Rate 9%
$482,622
$482.6K
Market Conditions
NOI Build-Up for 5,921 SF
Gross rent
$83.1K $14.04/SF
− Vacancy
−$4.2K −$0.70/SF
EGI
$79.0K $13.34/SF
− OpEx
−$35.5K −$6.00/SF
NOI
$43.4K $7.34/SF
Area
Douglas County, WI
Vacancy
5.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,720
Cap Rate 7%
$620,514
Cap Rate 9%
$482,622
Alternative Uses
Best Use
Mixed Use
$856.4K
$749.4K – $999.2K
NOI $59,950 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$620.5K
$543.0K – $723.9K
NOI $43,436 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,679 @ 7.0% cap · market cap 21.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
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Business Placement
Demographics for 54880, WI
30,400
Population
14,325
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
166.1 sq mi
ZIP Area
183
Density / Sq Mi
$66,942
Median Household Income
$40,813
Median Earnings
$901
Median Rent
$176,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible building with an upper-level apartment, multiple interior areas, four attached garages, and basement utility space.
Where is this mixed-use property located?
The property is located at 1304 Hammond Ave Superior, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 0.28‑acre corner‑lot property at 1304 Hammond Ave, Superior, WI 54880; Four attached garages with heating and insulation; Upper‑level 4‑bedroom apartment with kitchen, laundry room, primary suite, and rooftop deck
