For Sale
$1,670,000

230 Grand AveWisconsin Rapids, WI 54495

Historic landmark, 40,000 SF, 13 tenants

Overview

Added:
Dec 11, 2024
Days on market:
123
The Mead Witter Block, a prominent Wisconsin Rapids landmark at 230 W Grand Ave, presents a unique investment opportunity. This 40,000 square foot, two-story shopping center, built in 1924, embodies Gothic Revival architecture and occupies a full city block (0.8 acres) in Wood County, WI 54495. Currently housing 13 tenants under a gross lease structure, this multi-tenant property offers a stable income stream. The asking price is $1,670,000, translating to $41.75 per square foot. Recent maintenance updates contribute to the property's excellent condition. Its prime location and long-standing tenant history minimize investment risk. The property is zoned for commercial use and has served as a vital part of the Wisconsin Rapids commercial landscape for over a century, making it an ideal owner/user investment and a piece of local history. This is a rare chance to acquire a significant piece of Wisconsin Rapids' commercial real estate, offering both strong financial returns and the prestige of owning a historic landmark.

Highlights

  • $1,670,000 asking price for this 40,000 square foot retail property.
  • Located at 230 W Grand Ave, Wisconsin Rapids, WI 54495.
  • This multi-tenant shopping center/storefront features 13 tenants.
  • The property boasts a gross lease structure and is offered as an owner/user opportunity.
  • Built in 1924, this two-story, 40,000 SF building sits on a 0.8-acre lot and is zoned commercial.
  • The price per square foot is $41.75.

Property Details for 230 Grand Ave

Property type
Lifestyle centers, Power centers
Square Feet
40,000 SF
Year Built
1924
Buildings
1
Stories
2
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Wisconsin Rapids
County
Wood
State
Wisconsin
Latitude
44.393079896059
Longitude
-89.828148989769
230 Grand Ave, Wisconsin Rapids, Wisconsin

FAQs

What type of property is this?
Lifestyle center - Historic landmark, 40,000 SF, 13 tenants
Where is the lifestyle center located?
The property is located at 230 Grand Ave Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $1,670,000.
What are key features of this property?
This property features: $1,670,000 asking price for this 40,000 square foot retail property.; Located at 230 W Grand Ave, Wisconsin Rapids, WI 54495.; This multi-tenant shopping center/storefront features 13 tenants.
How can I contact the broker?
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230 Grand Ave
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