1690 Elm St Cumberland, WI 54829
- Commercial real estate
- 2.66 lot acres
Current Use by Public Records
- Cumberland Stove Works / Store
Property Details for 1690 Elm St
- Lot size
- 2.66 lot acres
- Property type
- Commercial real estate
- APN
- 212-8178-11-005
- APU
- 212817811005
Description
This exceptional commercial property presents a significant investment opportunity in Cumberland, WI. Situated on a generous 7.5-acre lot, this expansive facility boasts 75,000 square feet of versatile space, ideally suited for manufacturing, assembly, warehousing, and office operations. Its strategic location along Highways 63 and 48 ensures excellent accessibility and visibility. The entire plant is fully insulated and heated, offering significant operational efficiency. The interior layout allows for flexible configuration, with the potential to subdivide the space into multiple units for leasing to diverse tenants. Multiple overhead doors and loading docks facilitate efficient material handling, while strategically placed mezzanines maximize storage and workflow. The property also includes several offices, a break room, and a convenient lean-to. A current lease agreement with a local business is in effect until May 2027, providing immediate income potential. Showings require prior arrangement. Please note that a separate 40' x 78' storage shed located on the property is not included in the sale and will be removed prior to closing. This property offers a rare combination of size, location, and existing income, making it an attractive investment for discerning buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $870,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,040,000
- Geo Method
- $1,065,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $920,000
- Retail
- $900,000
- Mixed-Use
- $1,175,000
- Hospitality
- $920,000
- Educational
- $1,140,000
- Residential Income
- $960,000
- Energy
- $1,145,000
- Income-Based Land
- $860,000
- Food Service
- $950,000
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Barron
- State
- Wisconsin
- Longitude
- -92.034
- Latitude
- 45.5325