3007 Shore Dr Marinette, WI 54143
- Commercial real estate
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3007 Shore Dr
- Lot size
- 0.13 lot acres
- Property type
- Commercial real estate
- APN
- 251-01422.001
- APU
- 25101422001
Description
This exceptional 921-square-foot commercial property located at 3007 Shore Drive, Marinette, WI, presents a compelling investment opportunity. Currently leased to Pollo Master Crunch, the property boasts a stable income stream with a three-year lease in place at a monthly rent of $750. The tenant is responsible for all utilities, lawn care, and snow removal, minimizing owner responsibilities. Situated on a 0.13-acre lot, the stand-alone building features a convenient private parking lot. Its prime location near the local hospital, shopping centers, and residential areas ensures high visibility and accessibility for customers. The property is meticulously maintained and in excellent condition, requiring minimal upkeep. This is an ideal investment for those seeking a low-maintenance, high-return property with a strong, established tenant. The building's excellent condition and strategic location contribute to its significant potential for long-term growth and profitability. This turnkey operation offers a rare chance to acquire a well-established commercial property in a thriving area. The property's current income stream provides immediate returns, making it an attractive option for both seasoned and new investors. Don't miss this chance to secure a valuable asset in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $60,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $85,000
- 6.5%
- $80,000
- 7%
- $85,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $70,000
- Geo Method
- $70,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $70,000
- Retail
- $70,000
- Mixed-Use
- $75,000
- Hospitality
- $70,000
- Educational
- $70,000
- Residential Income
- $85,000
- Energy
- $85,000
- Income-Based Land
- $85,000
- Food Service
- $75,000
Location Insight
- Map
- Local Demand
- City
- Marinette
- County
- Marinette
- State
- Wisconsin
- Longitude
- -87.6197
- Latitude
- 45.0734
- CBSA code
- 31940
- CBSA name
- MARINETTE, WI-MI MICROPOLITAN STATISTICAL AREA