Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5819 Tower Ave Superior, WI 54880

    For Sale
    $295,000

    Downtown Superior retail & apartment building

    Property size:
    3,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property in Superior, Wisconsin, presents a compelling investment opportunity. Located at 5819 Tower Ave, this two-story building boasts a total of 3,020 square feet and features a main floor retail space currently generating $1,800 per month in rental income. The upper level includes a two-bedroom, one-bathroom apartment, currently leased for $1,200 per month. The main floor also contains an approximately 1000 square foot space that is partially remodeled, offering significant potential for expansion or customization by the new owner. This space requires finishing and licensing. The building, constructed in 1950, benefits from a newer rubber roof (approximately 7 years old) and new siding on the front. Three furnaces and separate gas meters ensure efficient utility management. The property includes two off-street parking spots. Annual property taxes are $2,904.46 (2023). Electric and water are paid by the owner (approximately $250 per month). The property is zoned for commercial use, providing flexibility for future development. This is a rare chance to acquire a well-located, income-producing property with significant upside potential in a thriving Wisconsin community. The asking price is $295,000, representing a price per square foot of $97.68.

    Property Features for 5819 Tower Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,020 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • 2023 Property Taxes: $2,904.46
    • Two off‑street parking spaces
    • Rubber roof (approx. 7 years old)
    • Three furnaces with separate gas meters
    • New front siding
    • Main floor generates $1,800/month in rental income
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Winks Beauty Studio Beauty Salon Lashes By Lyss ... Beauty Salon TAC Tax and Accounting ... Consultant Big Lake Graphics Promotional Products Supplier

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.1047641
    Latitude
    46.6687436

    Nearby Similar for Sale

    • $379,000
      2,762 SF

      Superior, WI Commercial Property

      Commercial property with bar, restaurant, apartment, and acreage.
      6098 S State Highway 35, Superior, WI 54880
      View Details
    • $279,000
      2,762 SF

      Bar, Restaurant, and Apartment Building

      Bar/restaurant with apartment and highway frontage in Superior, Wisconsin.
      6098 S State Highway 35, 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
    • $250,000
      2,314 SF

      Superior Duplex with Conversion Potential

      Duplex with potential to convert into a triplex.
      1117 Hammond Ave, Superior, WI 54880
      View Details
    • $795,000
      13,850 SF

      Downtown Superior Commercial Opportunity

      Finishable space suited for retail, office, or mixed-use development.
      1309 Tower Ave, Superior, WI 54880
      View Details
    • $235,000
      1,892 SF

      Superior Duplex: Investment Opportunity

      Well-maintained duplex with potential for additional living space.
      1301 Hughitt Ave, Superior, WI 54880
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Downtown Superior retail & apartment building
    Where is this mixed-use property located?
    The property is located at 5819 Tower Ave Superior, WI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 2023 Property Taxes: $2,904.46; Two off-street parking spaces; Rubber roof (approx. 7 years old)
    Request Owner's contact information
    5819 Tower Ave Superior, WI 54880
    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.
    5819 Tower Ave
    Superior, WI 54880
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5819 Tower Ave Superior, WI 54880
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.