109 Main St, Marion, WI 54950-9555
- Commercial real estate
Current Use by Public Records
- Marion Advertiser / Marketing & Advertising / Printing Service
- Brooke Schernecker Photography / Photography Service / (Bike/Boat/Book/etc) Store
- JDM Metal Works, LLC / Industrial Manufacturer
Property Details for 109 Main St
- Property type
- Commercial real estate
- APN
- 32 02 31 16
- APU
- 32023116
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 13, 2022 | $205,000 | Oakbrook Business Rentals LLC | John A Davis | Warranty Deed | $164k · Bank Of Luxemburg |
| Aug 13, 2021 | — | John A Davis | John A Davis | Intrafamily Transfer · related | — |
Description
This exceptional commercial property at 109 S MAIN STREET, Marion, WI, presents a unique investment opportunity. The 10,466 square foot building sits on a 0.6-acre lot and comprises three distinct units, offering diverse income streams and potential for future expansion. Currently, two units are occupied by established businesses: a machine shop and a restoration company. The machine shop operates under a three-year lease expiring in 2025, while the restoration company is on a month-to-month agreement. Both tenants have expressed a strong desire to remain, ensuring immediate and consistent rental income. The monthly rent for the machine shop is $900, and the restoration company pays $850 per month. A third unit is currently vacant but previously rented for $850 per month, presenting an immediate opportunity to increase revenue. The property has recently undergone significant improvements, including a completely repaired roof and a new sloped addition, enhancing its longevity and curb appeal. This combination of stable, long-term tenants, a desirable location in Marion, WI, and recent upgrades makes this a compelling investment prospect with immediate return and significant upside potential. The asking price for this versatile commercial property is $279,900.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Waupaca
- State
- Wisconsin
- Longitude
- -88.8899
- Latitude
- 44.6705
