2212 5th St Superior, WI 54880-3709
- Commercial real estate
- 0.07 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2212 5th St
- Lot size
- 0.07 lot acres
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 01-801-01545-00
- APU
- 18010154500
Description
This exceptional commercial property, located at 2212 E 5th St in Superior, WI, presents a unique investment opportunity. Priced at $350,000, this well-maintained building sits on a 0.06-acre lot in the heart of the city's east end business district, surrounded by other professional establishments. The main floor offers a highly visible storefront, ideal for a variety of businesses. Features include a prominent display area enhanced by a built-in sound system, a rear office space, and a convenient small bathroom. The building's history includes a long-standing tenure as a kitchen and bath remodeling company, demonstrating its suitability for similar businesses or those requiring a high-traffic location. Adding significant value is a spacious three-bedroom apartment on the second level, complete with its own separate electrical service and laundry facilities. This provides potential for rental income or owner occupancy. Ample off-street parking is available for customers and employees. This property offers a blend of commercial space and residential potential, making it an attractive option for entrepreneurs and investors alike. The building's excellent condition and prime location ensure a strong return on investment. This is a rare opportunity to acquire a well-established and versatile commercial property in a thriving business district.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $355,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $335,000
- Mixed-Use
- $345,000
- Hospitality
- $290,000
- Educational
- $335,000
- Residential Income
- $330,000
- Energy
- $365,000
- Income-Based Land
- $340,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Superior
- County
- Douglas
- State
- Wisconsin
- Longitude
- -92.0502
- Latitude
- 46.7042
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA