230 Grand Ave Wisconsin Rapids, WI 54495
- Lifestyle centers
- 40,000 SF
- 0.80 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 230 Grand Ave
- Year built
- 1924
- Lot size
- 0.80 lot acres
- Property size
- 40,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
The Mead Witter Block, a prominent Wisconsin Rapids landmark at 230 W Grand Ave, presents a unique investment opportunity. This 40,000 square foot, two-story shopping center, built in 1924, embodies Gothic Revival architecture and occupies a full city block (0.8 acres) in Wood County, WI 54495. Currently housing 13 tenants under a gross lease structure, this multi-tenant property offers a stable income stream. The asking price is $1,670,000, translating to $41.75 per square foot. Recent maintenance updates contribute to the property's excellent condition. Its prime location and long-standing tenant history minimize investment risk. The property is zoned for commercial use and has served as a vital part of the Wisconsin Rapids commercial landscape for over a century, making it an ideal owner/user investment and a piece of local history. This is a rare chance to acquire a significant piece of Wisconsin Rapids' commercial real estate, offering both strong financial returns and the prestige of owning a historic landmark.
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
- Wisconsin Rapids
- County
- Wood
- State
- Wisconsin
- Longitude
- -89.8281
- Latitude
- 44.3931
