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Property profile & analytics
OFF-MARKET
Commercial real estate

507 Summit St Spooner, WI 54801

9,915 SF
Property ID
US92-2195872
Property summary
AI-generated overview

This exceptional 9,915 square foot commercial building located at 507 Summit Street in Spooner, Wisconsin, presents a unique investment opportunity. The property boasts a versatile layout ideal for a variety of uses. Currently featuring 5,360 square feet of finished office space, divided into two distinct areas, the building also includes a substantial 4,500 square foot heated garage area, currently under lease. The garage space is equipped with six overhead doors, providing ample access for vehicles and equipment. Internal amenities include a full kitchen and four full bathrooms, enhancing the functionality and convenience of the space. The building's size and features make it suitable for a large company's headquarters, offering ample room for operations and staff. Alternatively, the property's layout lends itself to conversion into residential apartments, capitalizing on the growing demand for housing. Another viable option is conversion into climate-controlled storage units, a consistently in-demand service. The property is situated in Spooner, WI, offering easy access to local amenities and transportation routes. With its substantial size, versatile design, and prime location, this property presents a compelling investment opportunity with significant potential for future growth and profitability. The asking price is $495,000.

Property profile
Verified
Property type Commercial real estate
Total area 9,915 SF
UPID US92-2195872
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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