1017-1021 Tower Ave Superior, WI 54880

Property Details for 1017-1021 Tower Ave

Year built

1905

Lot size

1.03 lot acres

Property type

Commercial real estate

Description

This exceptional commercial property at 1017-1021 Tower Avenue in Superior, Wisconsin, presents a unique investment opportunity. Boasting approximately 26,000-27,000 square feet on a 1.03-acre lot, this building offers a blend of established income streams and significant upside potential. The main level currently houses four leased units in good standing, comprising retail space, a laundromat, and a bar. One unit is currently vacant, providing immediate opportunity for expansion or lease to a new tenant. A private parking lot behind the building offers 30 spaces allocated to existing leases, with ample room for additional parking. The building also includes garage space with overhead garage doors, conveniently accessible from the parking lot. The upper level is currently undeveloped, presenting a blank canvas for creative adaptation. This space is ideal for office space conversion or any number of other uses, allowing for significant value enhancement. The existing tenants provide a strong, stable income stream, offsetting costs and mitigating risk while you develop your vision for the upper level. This property is priced at $995,000 and offers a compelling combination of immediate income and long-term growth potential. Don't miss this chance to acquire a substantial commercial property in a desirable location.

Location Insight

City

Superior

County

DOUGLAS

State

Wisconsin

Longitude

-92.1044

Latitude

46.7257