2502 Broadway St Menomonie, WI 54751

Property Details for 2502 Broadway St

Lot size

2.27 lot acres

Property size

8,500 SF

Property type

Medical offices

Description

This exceptional 8,500-square-foot commercial property, situated on a 2.27-acre lot in Menomonie, Wisconsin, presents a unique investment opportunity. Built in phases (1995 and 2004), with renovations completed in 2020, including a new steel roof, this Class B building offers versatile space ideal for various uses. Currently vacant, the property is zoned B-2 Local Commercial District, allowing for a range of commercial ventures. Previously configured as a veterinary hospital, the layout is easily adaptable to accommodate multiple tenants, with potential suite sizes ranging from 750 to 2,900 square feet. The property boasts 15 parking spaces and three separate heating units. Its prime location on Highway 25 offers excellent visibility and accessibility, particularly beneficial for businesses serving the surrounding rural areas. The substantial lot size allows for expansion or the addition of ancillary services. The property's history includes owner-occupancy since construction, and a separate structure on the property could be renovated or removed. This offering presents a compelling opportunity for both owner-users and investors seeking a strong return on investment, with a potential CAP rate exceeding 9% at market rates. The asking price is $900,000, translating to $105.88 per square foot. The property address is 2502 Broadway St S, Menomonie, WI 54751.