Two-Unit Restaurant
For Sale
$445,000
1908-1910 Tower Ave, Superior, WI 54880
Restaurant property with one leased unit, one available space, and built-in commercial kitchen improvements.
Property Size2,640 SF
Price / SF$168.56
Days on Market53
Property Features for 1908-1910 Tower Ave
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
12
Occupancy
50%
Building Details
Year Built
1958
Buildings
1
Construction
block
Tenancy
Multi
Listing Agency:
RE/MAX Results Duluth
Listed By:
Thomas C Acton
(218) 722-2810
Source:
Tayloronken
Added: Aug 23
Changed: Oct 5
Last Checked: Oct 7 at 1:33PM
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 RE/MAX Results Duluth
Investment Insights
Based on property information with market context.
Built in 1958, this 2,640-square-foot block restaurant building contains two separate units. The south half is vacant, while the opposite unit is leased to Williams Asian Foods. Both spaces have newer gas forced-air furnaces and central air conditioning. The building also features a rubber roof, updated electrical service, a recently replaced sewer lateral, and approximately 12 rear parking spaces.
The restaurant improvements include an Ansul fire-suppression system, prep stations, a dishwasher, and a walk-in cooler. The bathroom has been updated, and the floors received an epoxy coating. The tenant pays all utilities, while ownership pays sewage, garbage, and stormwater expenses. Located at 1908-1910 Tower Ave in Superior, Wisconsin, the property combines an operating restaurant tenancy with additional space for occupancy by a new owner or tenant.
The restaurant improvements include an Ansul fire-suppression system, prep stations, a dishwasher, and a walk-in cooler. The bathroom has been updated, and the floors received an epoxy coating. The tenant pays all utilities, while ownership pays sewage, garbage, and stormwater expenses. Located at 1908-1910 Tower Ave in Superior, Wisconsin, the property combines an operating restaurant tenancy with additional space for occupancy by a new owner or tenant.
Key Highlights
- 2,640‑square‑foot restaurant building constructed in 1958
- Two separate units: one leased to Williams Asian Foods and one vacant
- Commercial kitchen features include an Ansul system, prep stations, dishwasher, and walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,399
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,980
$648.0K
Cap Rate 7%
$462,843
$462.8K
Cap Rate 9%
$359,989
$360.0K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$47.5K $18.00/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$46.3K $17.53/SF
− OpEx
−$13.9K −$5.26/SF
NOI
$32.4K $12.27/SF
Area
Douglas County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,980
Cap Rate 7%
$462,843
Cap Rate 9%
$359,989
Alternative Uses
Best Use
Specialty Retail
$832.4K
$728.3K – $971.1K
NOI $58,266 @ 7.0% cap · market cap 13.09%
Second Best
Retail
$462.8K
$405.0K – $540.0K
NOI $32,399 @ 7.0% cap · market cap 7.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with one leased unit, one available space, and built-in commercial kitchen improvements.
Where is this conventional restaurant located?
The property is located at 1908-1910 Tower Ave Superior, WI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,640‑square‑foot restaurant building constructed in 1958; Two separate units: one leased to Williams Asian Foods and one vacant; Commercial kitchen features include an Ansul system, prep stations, dishwasher, and walk‑in cooler
