8525 Us-2 Iron River, WI 54847
This exceptional mixed-use property in Iron River, WI, presents a unique investment opportunity. Located at 8525 US-2, this 0.87-acre lot features a single-story, 3,900 square foot building constructed in 2000. The building boasts a prime retail space at the front, ideal for showcasing products and services, complete with a large showroom, office, bathroom, storage room, and ample signage space under a full overhang roof. The rear of the property includes a substantial attached garage (approximately 46x48 feet), featuring 12-foot ceilings, three overhead doors (two 8-foot and one 10-foot), 220-volt electric service, a new boiler with in-floor heating, a new water heater, workbenches, and additional storage. Utilities include city water, a drain field septic system, and natural gas service. The property is zoned C2, but the City of Iron River has indicated potential for residential rezoning. Ample parking is available on the gravel driveway. The property has been surveyed and is offered at $349,900. This versatile space is perfect for a variety of uses, from retail to a combination of residential and commercial ventures. Don't miss this chance to own a well-maintained property with significant potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.