Current Use by Public Records
- Commercial real estate
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.
Value Estimations
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AI approach
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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
