507 Tower Ave Superior, WI 54880
Historic building with retail, office, and garage space.
- Added:
- Sep 9, 2025
- Days on Market:
- 307
- Last Refresh:
- Jun 29 at 6:34 am
Property Features for 507 Tower Ave
General Information
- Standard status
- Active
- Size
- 1,800 SF
Listing office Edina Realty, Inc. - Duluth (612) 819-1455
Listing date Sep 9, 2025
Source Exprealty
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 Edina Realty, Inc. - Duluth
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location with excellent visibility and high daily traffic count.
- Versatile commercial building suitable for retail, office, service‑based operations, or mixed‑use concepts.
- Additional shop/garage equipped with a Mac lift.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $23.40 |
| − Vacancy | −$6.3k | −$3.51 |
| EGI | $35.8k | $19.89 |
| − OpEx | −$9.0k | −$4.97 |
| NOI | $26.9k | $14.92 |
