570 10Th Ave Baldwin, WI 54002
- Commercial real estate
- 5,000 SF
- 0.38 lot acres
Current Use by Public Records
- Snap Fitness Baldwin / Gym
Property Details for 570 10Th Ave
- Year built
- 1930
- Lot size
- 0.38 lot acres
- Property size
- 5,000 SF
- Property type
- Commercial real estate
- APN
- 106104650100
Description
This exceptional mixed-use investment property in Baldwin, Wisconsin, presents a compelling opportunity. Located at 570 10th Ave, this two-story, 5,000 square foot building boasts a strong 9.03% cap rate and 100% occupancy. The property features four units: three fully renovated residential units (one one-bedroom and two two-bedroom apartments) and one commercial unit currently occupied by Snap Fitness. All residential units received complete renovations in 2023, including new flooring, kitchens, appliances, wall A/C units, and updated bathrooms. The Snap Fitness space was renovated in 2016 and received a new A/C unit recently. A new steel roof was installed in 2024. The property sits on a 0.379-acre lot and includes a rear parking lot currently rented out (separate PID), adding to the overall income stream. Tenants are responsible for gas and electric, while the owner covers water, sewer, trash, and snow removal. Ample off-street parking is available. This turn-key investment offers a stable income stream with a strong tenant base and significant recent upgrades. The building is zoned commercial and was constructed in 1930. The asking price is $550,000, translating to $110 per square foot. The property's Net Operating Income (NOI) is $49,685. This is a stabilized investment with five total tenants.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- St. Croix
- State
- Wisconsin
- Longitude
- -92.375006160513
- Latitude
- 44.972522396668
