Highway Corner Auto
For Sale
$520,000
4001 E 2nd St, Superior, WI 54880
Automotive service facility with garage bays, overhead doors, vehicle lifts, office space, and mezzanine storage.
Property Size6,250 SF
Price / SF$83.20
Days on Market55
Property Features for 4001 E 2nd St
General Information
Standard status
Active
Size
6,250 SF
Site & Location
Traffic Count
20,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,520
Amenities
office space
garage space
overhead doors
bathrooms
mezzanine storage
Building Details
Buildings
1
Listing Agency:
Thrive Realty - Duluth
(218) 276-5495
Listed By:
Ryan Bayless · License #40516917
(218) 341-5833
Source:
Exprealty
Added: Aug 31
Changed: Oct 4
Last Checked: Oct 23 at 7:55AM
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 Thrive Realty - Duluth
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Investment Insights
Based on property information with market context.
This automotive service property includes a 6,250-square-foot building with a small office, substantial garage area, three overhead doors, and multiple vehicle lifts offered with the sale. Two bathrooms and a mezzanine provide additional functional space, including storage capacity.
The property occupies a corner position along Highways 2 and 53 in Superior, with an annual average daily traffic count of 20, 700. The parcel is intended to be split before closing, while the current owner plans to retain the adjacent pole building.
The property occupies a corner position along Highways 2 and 53 in Superior, with an annual average daily traffic count of 20, 700. The parcel is intended to be split before closing, while the current owner plans to retain the adjacent pole building.
Key Highlights
- 6,250‑square‑foot automotive service building
- Corner location along Highways 2 and 53
- Annual average daily traffic count of 20, 700
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,262
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,240
$505.2K
Cap Rate 7%
$360,886
$360.9K
Cap Rate 9%
$280,689
$280.7K
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$36.8K $5.88/SF
− Vacancy
−$662 −$0.11/SF
EGI
$36.1K $5.77/SF
− OpEx
−$10.8K −$1.73/SF
NOI
$25.3K $4.04/SF
Area
Douglas County, WI
Vacancy
1.80%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,240
Cap Rate 7%
$360,886
Cap Rate 9%
$280,689
Alternative Uses
Best Use
Retail
$1.10M
$958.8K – $1.28M
NOI $76,703 @ 7.0% cap · market cap 14.75%
Second Best
Industrial
$360.9K
$315.8K – $421.0K
NOI $25,262 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,940 @ 7.0% cap · market cap 26.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
20,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Perfect Timing Auto Repair — 4003 E 2nd St, Superior, WI 54880
- Up North Auto Repair — 4003 e 2nd st, superior, wi 54880
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service facility with garage bays, overhead doors, vehicle lifts, office space, and mezzanine storage.
Where is this auto shop located?
The property is located at 4001 E 2nd St Superior, WI.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 6,250‑square‑foot automotive service building; Corner location along Highways 2 and 53; Annual average daily traffic count of 20, 700
