404 Main Ave Wheeler, WI 54772

Property Details for 404 Main Ave

Year built

1938

Lot size

0.14 lot acres

Property size

1,980 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 1,980 square foot commercial building located at 404 Main Avenue in Wheeler, Wisconsin. The property boasts a rich history, having served as a post office for over 40 years, with a current lease in place until 2028, generating a monthly income of $625. The lease includes options to extend the agreement until 2038, providing long-term financial stability. Adding to the income stream is a charming one-bedroom, one-bathroom apartment situated at the rear of the building, currently rented for $350 per month. Recent improvements include the installation of new concrete steps and sidewalks, enhancing curb appeal and accessibility. The apartment features convenient rear parking. This unique property sits on a 0.14-acre lot and is offered at $150,000, presenting a compelling blend of historical significance, consistent rental income, and future growth potential. The combination of a long-term, stable post office lease and a separately rented apartment makes this a truly attractive investment opportunity in the heart of downtown Wheeler. Don't miss this chance to acquire a piece of Wheeler's history and secure a promising financial future.

Location Insight

City

Wheeler

County

DUNN

State

Wisconsin

Longitude

-91.9092

Latitude

45.0442