For Sale
$995,000

1017-1021 Tower AveSuperior, WI 54880

High-return multi-tenant retail building

Overview

Added:
Dec 11, 2024
Days on market:
116
Prime downtown Superior, WI location presents a lucrative investment opportunity. This two-story, 27,000 square foot building boasts four retail units, currently 75% occupied by a diverse mix of tenants including a bar, laundromat, and retail spaces, generating immediate income. One main-level unit is vacant, offering flexibility for expansion or new tenants. The upper floor, approximately half the building's total square footage, provides a blank canvas for creative development, ideal for office space or adaptive reuse. The property includes a private parking lot with 30 allocated spaces and additional room for expansion, plus convenient garage access with overhead doors. Situated on a 1.03-acre lot, zoned C2 - Highway commercial, this property offers significant potential for mixed-use development. The asking price is $995,000, translating to $36.85 per square foot. Existing leases have a remaining term of five years, providing a stable income stream while allowing for long-term strategic planning. The property's APN is 06-806-00220-00, 06-806-00223-01, 06-806-00224-00. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown area with immediate income and significant upside potential.

Highlights

  • Four leased retail spaces (including laundromat and bar) on the main level with strong tenants.
  • One vacant main-level unit plus a completely customizable upper floor.
  • Excellent mixed-use potential.
  • Approx. 26,000-27,000 square feet.
  • On-site garage with overhead doors.
  • Existing rental income offsets operating expenses.

Property Details for 1017-1021 Tower Ave

Property type
Retail properties, Restaurants
Square Feet
27,000 SF
Stories
2
Lot Size (sq. ft)
44,867 SF
Units
4

Location Insight

City
Superior
County
Douglas
State
Wisconsin
Latitude
46.725729
Longitude
-92.104379
1017-1021 Tower Ave, Superior, Wisconsin

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1017-1021 Tower Ave
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