507 Summit St Spooner, WI 54801
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.