809 Thomas St Mellen, WI 54546
- Commercial real estate
- 1.96 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 809 Thomas St
- Lot size
- 1.96 lot acres
- Property type
- Commercial real estate
- APN
- 251-00003-6630
- APU
- 251000036630
Description
This exceptional 2.51-acre commercial property, situated on Highway 13 in Mellen, Wisconsin, presents a unique investment opportunity. The existing structures offer significant potential for a variety of commercial uses. Currently configured as a car sales lot, the property's versatility allows for diverse adaptations. The main shop building features a metal roof and three large access points: two 10-foot-wide overhead doors and one 8-foot-wide sliding barn door, all within a 30' x 90' footprint. A 30' x 30' addition was completed in 2016. Also on the property is a vinyl-sided garage (18' x 22') with asphalt shingles, an 8-foot overhead door, and a 4-foot sliding barn door
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $240,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $220,000
- Mixed-Use
- $260,000
- Hospitality
- $255,000
- Educational
- $225,000
- Residential Income
- $230,000
- Energy
- $215,000
- Income-Based Land
- $240,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Mellen
- County
- Ashland
- State
- Wisconsin
- Longitude
- -90.665
- Latitude
- 46.3172