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 Market55
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 #20206110
Source:
Crexi
Added: Aug 12
Changed: Oct 3
Last Checked: Oct 4 at 9:14AM
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
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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
