8525 Us Highway 2 South Range, WI 54874
This exceptional commercial property, located at 8525 US Highway 2 in Iron River, Wisconsin, presents a unique investment opportunity. Boasting 3,952 square feet on a 0.87-acre lot, this versatile building offers prime highway frontage with excellent signage potential. The front features a spacious showroom, ideal for retail, along with an office, bathroom, and storage room. A full overhang roof provides ample space for displays or a patio. The attached garage, measuring approximately 46x48 feet, includes three overhead doors (two 8-foot and one 10-foot), 12-foot ceilings, off-peak electric, a new boiler with in-floor heat, a new water heater, 220-volt electric service, workbenches, and additional storage. The property also benefits from city water, a drain field septic system, and natural gas service. Ample parking is available on the gravel driveway. The asking price is $324,900. Please note that rezoning may be required for residential use. This property is zoned for commercial use and offers a multitude of possibilities for a variety of businesses. The location on Highway 2 ensures high visibility and accessibility. The combination of retail space, expansive garage, and ample parking makes this an attractive option for entrepreneurs seeking a well-equipped and strategically located commercial space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.