Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Warehouse with Prime Corner Title is generated by Realmo AI

    429-431 Tower Ave, Superior, WI

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Large warehouse with high ceilings and multiple access points.

    Type:INDUSTRIAL
    Property size:
    20,600 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $30/SF
    Added:
    Oct 24, 2023
    Days on Market:
    957
    Last Refresh:
    May 20 at 8:02 pm

    Property Features for 429-431 Tower Ave

    General Information

    Standard status
    Active
    Size
    20,600 SF
    Lot size
    0.40 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Greg Follmer
    Greg Follmer

    Listing agent Greg Follmer License #27078

    Listing office Greg Follmer Commercial Real Estate

    Listing date Oct 24, 2023

    Source Moodyscre

    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 Greg Follmer Commercial Real Estate

    HighLights

    • Prime corner location at the North End
    • Drive‑through warehouse with loading dock
    • 3‑phase power
    • Drive‑in doors
    • Tall ceilings
    • Steel frame and brick construction

    Overview

    This property is a substantial building situated on a prime corner location at the north end. The structure features tall ceilings, drive-in doors, a loading dock, and a drive-through warehouse layout. The building incorporates both steel frame and brick and frame construction. It is equipped with 3-phase power. The property has a total size of 20,600 square feet and offers potential for various uses.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • JMBW Storage — 6105 Ogden Ave, Superior, WI 54880

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.1043
    Latitude
    46.7333

    Nearby Similar for Sale

    • $595,000
      13,850 SF

      Downtown Superior Commercial Opportunity

      13,850 SF finishable space in prime downtown location.
      1309 Tower Ave, Superior, WI 54880
      View Details
    • $470,000
      10,000 SF

      Restaurant and Bar with Deli

      Multi-level bar and restaurant with an attached deli and extensive updates, including a 2023 roof.
      1222 Tower Ave, Superior, WI 54880
      View Details
    • $995,000
      27,000 SF

      Superior Retail and Office Opportunity

      Commercial property with retail, office, and parking in Superior.
      1017-1021 Tower Ave, Superior, WI 54880
      View Details
    • $345,000
      16,229 SF

      Established Retail Business Opportunity

      Iconic Superior business with prime retail location for sale.
      1713 Belknap St, Superior, WI 54880
      View Details
    • $550,000
      4,654 SF

      Versatile Mixed-Use Property, Superior, WI

      Corner-lot property with versatile space in a desirable location.
      1209 E 5th St, Superior, WI 54880
      View Details
    • $175,000
      2,588 SF

      Turnkey Cabinet Shop Business Opportunity

      Fully equipped custom cabinet and woodworking shop for sale.
      1510 Hughitt Ave, Superior, WI 54880
      View Details
    • $595,000
      2,528 SF

      Duplex with Trucking Industry Potential

      Duplex with large heated building suitable for trucking or commercial.
      4090 S County Rd A, Superior, WI 54880
      View Details
    • $595,000
      2,528 SF

      Heated Building on Large Parcel

      14+ acre parcel with heated building and duplex.
      4090 S County Rd A, Superior, WI 54880
      View Details
    • $2,750,000

      Campground, Recreation, Restaurant/Supper Club

      Thriving campground with restaurant/bar near Amnicon and Superior Lakes.
      4505 E Tri Lakes Road, Superior, WI 54880
      View Details
    • $269,000
      2,665 SF

      Superior Duplex with Modern Updates

      Updated duplex with garage, storage, and off-street parking.
      1915 Wisconsin Ave, Superior, WI 54880
      View Details
    • $320,000
      3,288 SF

      Well-Maintained Fourplex in Superior East

      Fourplex with income potential in Superior's East End.
      2811 E 3rd St, Superior, WI 54880
      View Details
    • $239,900
      2,730 SF

      Up-and-Down Duplex Opportunity

      Turn-of-the-century duplex with spacious matching units, in-unit laundry, and shared basement access for flexible income potential.
      1115 Harrison St, Superior, WI 54880
      View Details

    FAQs

    What type of property is this?
    Warehouse - Large warehouse with high ceilings and multiple access points.
    Where is this warehouse located?
    The property is located at 429-431 Tower Ave Superior, WI.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Prime corner location at the North End; Drive‑through warehouse with loading dock; 3‑phase power
    (218) 310-0013 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Follmer
    Greg Follmer
    Real Estate License ID: 27078
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    429-431 Tower Ave, Superior, WI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!