1017-1021 Tower Ave Superior, WI 54880
- Retail properties
- 27,000 SF
- 1.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1017-1021 Tower Ave
- Lot size
- 1.03 lot acres
- Property size
- 27,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Prime downtown Superior, WI location presents a lucrative investment opportunity. This two-story, 27,000 square foot building boasts four retail units, currently 75% occupied by a diverse mix of tenants including a bar, laundromat, and retail spaces, generating immediate income. One main-level unit is vacant, offering flexibility for expansion or new tenants. The upper floor, approximately half the building's total square footage, provides a blank canvas for creative development, ideal for office space or adaptive reuse. The property includes a private parking lot with 30 allocated spaces and additional room for expansion, plus convenient garage access with overhead doors. Situated on a 1.03-acre lot, zoned C2 - Highway commercial, this property offers significant potential for mixed-use development. The asking price is $995,000, translating to $36.85 per square foot. Existing leases have a remaining term of five years, providing a stable income stream while allowing for long-term strategic planning. The property's APN is 06-806-00220-00, 06-806-00223-01, 06-806-00224-00. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown area with immediate income and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Superior
- County
- Douglas
- State
- Wisconsin
- Longitude
- -92.1044
- Latitude
- 46.7257
