Current Use by Public Records
- Warehouses
Property Details for 236 2Nd St
- Year built
- 1971
- Lot size
- 86.55 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a nearly 92,545-square-foot warehouse situated on an expansive 86.55-acre lot in Butternut, Wisconsin. Located on Highway 13, this property boasts significant recent upgrades, including a new roof, LED lighting, upgraded electrical systems, a new sprinkler system, and a new heating system. The warehouse features an 18-foot clear ceiling height, one dock-high door, and one loading dock. The property also includes approximately 3.5 acres of parking. Currently, 25% of the space is occupied, with the seller offering a leaseback option of 25,000 square feet at $2 per square foot for up to four years, providing immediate income potential. This presents a rare opportunity for owner-users or investors seeking a substantial industrial property with significant value-add potential in a prime location. The asking price is $990,000, translating to approximately $10.70 per square foot. Built in 1971 and extensively renovated in 2024, this warehouse offers a blend of established infrastructure and modern amenities. The property's size and location along Highway 13 make it an ideal choice for various industrial uses.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Butternut
- County
- Ashland
- State
- Wisconsin
- Longitude
- -90.4945
- Latitude
- 46.011
