2091 State St Superior, WI 54880
- Commercial real estate
- 0.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2091 State St
- Lot size
- 0.19 lot acres
- Property type
- Commercial real estate
- APN
- OL-165-01361-00
- APU
- OL1650136100
Description
This exceptional investment property, situated on a sizable 0.61-acre corner lot in the heart of Oliver, Superior, Wisconsin, presents a rare opportunity for savvy investors. The property features a main storage building comprising twelve individual units, eight measuring 10'x10' and four measuring 5'x10'. All units are currently leased on a month-to-month basis, offering immediate cash flow and flexibility. Adding to the income potential, a two-car garage has been cleverly subdivided to create two additional rental spaces. Further enhancing the property's income-generating capabilities is a 20'x10' metal storage container, also available for lease. Currently generating $950 per month in rental income at existing rates, a market analysis suggests significant potential for increased revenue through adjustments to rental pricing. The property's low-maintenance design and established tenant base make it an ideal "plug-and-play" investment, requiring minimal effort to manage and maximize returns. The property's prime location and diverse rental options ensure a strong and stable income stream. This is a turnkey investment ready for immediate income generation. Don't miss this chance to acquire a profitable and easily managed commercial property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Superior
- County
- Douglas
- State
- Wisconsin
- Longitude
- -92.1982
- Latitude
- 46.6563
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
