2100 Hall Ave Marinette, WI 54143
- Commercial real estate
- 0.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2100 Hall Ave
- Lot size
- 0.20 lot acres
- Property type
- Commercial real estate
- APN
- 251-02276.000
- APU
- 25102276000
Description
This exceptional 8,526 square-foot commercial building in Marinette, Wisconsin, presents a unique opportunity for entrepreneurs. Situated on a 0.2-acre lot, the property boasts ample space for a variety of business ventures. The expansive interior offers significant flexibility, allowing for customization to suit individual needs. The main level provides a substantial footprint for immediate business operations, while the upstairs area presents a wealth of potential. This upper level is currently unfinished, offering a blank canvas for development. A significant advantage is the potential for creating up to four separate apartments, generating substantial rental income. Preliminary estimates suggest a potential monthly rental income of nearly $5,000 from the upper level alone, significantly enhancing the property's overall return on investment. The building's location in Marinette provides excellent access to local amenities and a thriving community. This is a turnkey opportunity to establish a successful business, with the added benefit of potential passive income from rental units. The property is priced competitively at $209,900, making it an attractive investment for those seeking a substantial and versatile commercial space. Don't miss this chance to transform your business aspirations into reality.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $120,000
- 6.5%
- $130,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $100,000
- Geo Method
- $120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $105,000
- Retail
- $140,000
- Mixed-Use
- $120,000
- Hospitality
- $125,000
- Educational
- $130,000
- Residential Income
- $110,000
- Energy
- $130,000
- Income-Based Land
- $110,000
- Food Service
- $115,000
Location Insight
- Map
- Local Demand
- City
- Marinette
- County
- Marinette
- State
- Wisconsin
- Longitude
- -87.6351
- Latitude
- 45.1
- CBSA code
- 31940
- CBSA name
- MARINETTE, WI-MI MICROPOLITAN STATISTICAL AREA