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Property profile & analytics
OFF-MARKET
Specialty properties

8525 Us Highway 2 South Range, WI 54874

3,952 SF 0.87 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 3,952 SF
Lot 0.87 ac (37,897 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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