Medical Office
For Sale
Contact for pricing
3701 TOWER AVE SUPERIOR WI 54880-5338, Superior, WI 54880
Part of a three-property healthcare portfolio spanning Minnesota and Wisconsin.
Property Size12,370 SF
Price / SF$241.63
Days on Market69
Property Features for 3701 TOWER AVE SUPERIOR WI 54880-5338
General Information
Standard status
Active
Size
12,370 SF
Property subtype
Retail, Office
Occupancy
72%
Net Operating Income
$216,723
Listing Agency:
Colliers - Minneapolis - St. Paul, Minnesota
Listed By:
Jim Rock · License #58-178-90
Source:
Crexi
Added: Aug 12
Changed: Oct 16
Last Checked: Oct 19 at 5:22AM
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 Colliers - Minneapolis - St. Paul, Minnesota
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12,370-square-foot medical office property is located at 3701 Tower Ave in Superior, Wisconsin. It is included in a three-property healthcare portfolio with assets in Minnesota and Wisconsin.
Key Highlights
- 12,370‑square‑foot medical office property
- Part of a three‑property healthcare portfolio
- Portfolio spans Minnesota and Wisconsin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,719
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,694,380
$3.7M
Cap Rate 7%
$2,638,843
$2.6M
Cap Rate 9%
$2,052,433
$2.1M
Market Conditions
NOI Build-Up for 12,370 SF
Gross rent
$362.2K $29.28/SF
− Vacancy
−$54.3K −$4.39/SF
EGI
$307.9K $24.89/SF
− OpEx
−$123.1K −$9.96/SF
NOI
$184.7K $14.93/SF
Area
Douglas County, WI
Vacancy
15.00%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,694,380
Cap Rate 7%
$2,638,843
Cap Rate 9%
$2,052,433
Alternative Uses
Best Use
Healthcare Medical
$2.64M
$2.31M – $3.08M
NOI $184,719 @ 7.0% cap · market cap 6.18%
Second Best
Office B
$2.64M
$2.31M – $3.08M
NOI $184,529 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$3.90M
$3.41M – $4.55M
NOI $273,011 @ 7.0% cap · market cap 9.13%
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
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Balanced
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Part of a three-property healthcare portfolio spanning Minnesota and Wisconsin.
Where is this medical office space located?
The property is located at 3701 TOWER AVE SUPERIOR WI 54880-5338 Superior, WI.
What is the asking price?
The asking price for this property is $2,989,000.
What are key features of this property?
This property features: 12,370‑square‑foot medical office property; Part of a three‑property healthcare portfolio; Portfolio spans Minnesota and Wisconsin
