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    4003 2Nd St Superior, WI 54880

    For Sale
    $450,000

    Warehouse, Auto Repair, Vacant Land - Investment Opportunity

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Superior, Wisconsin industrial property presents a unique investment opportunity encompassing three distinct income streams. The property, located at 4003 E 2nd St, features a 6,250 square foot building currently operating as a successful auto repair shop. A separate 3,000 square foot warehouse, divided into two sections, offers ample space with features including a large garage door, electricity, and concrete floors. Adding to its versatility, five combined vacant lots provide significant potential for additional development, such as an apartment building, garage, or other compatible commercial use. Both parcels are situated on corner lots, providing excellent visibility and accessibility from the busy Highways 2 and 53. The property sits on a substantial 18,058 square foot lot and includes two single-story buildings. The permitted zoning is commercial, allowing for diverse uses. The asking price for this multi-use property is $450,000, offering a compelling return on investment. The property's APN is 10-810-00310-00. This is a net lease property with a single tenancy and 100% occupancy.

    Property Features for 4003 2Nd St

    General Information

    Property type
    Automotive properties
    Square Feet
    3,000 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • Triple‑net lease potential with multiple income streams.
    • Multi‑use building zoning allows for diverse tenant mix.
    • High visibility corner lot with excellent street frontage.
    • Convenient highway access for easy commuting.
    • Buildable vacant land ready for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.0230941
    Latitude
    46.6880425

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    FAQs

    What type of property is this?
    Automotive property - Warehouse, Auto Repair, Vacant Land - Investment Opportunity
    Where is this automotive property located?
    The property is located at 4003 2Nd St Superior, WI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Triple-net lease potential with multiple income streams.; Multi-use building zoning allows for diverse tenant mix.; High visibility corner lot with excellent street frontage.
    Request Owner's contact information
    4003 2Nd St Superior, WI 54880
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    Superior, WI 54880
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    Realmo Value Estimation

    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.

    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.

    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
    4003 2Nd St Superior, WI 54880
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