15351 State Highway 32Lakewood, WI 54138

Property Details for 15351 State Highway 32

Lot size

0.32 AC

Property type

Commercial real estate

APN

198732017

APU

198732017

Description

This 2,125 square foot commercial property, situated on a 0.32-acre lot at 15351 State Hwy 32 in Lakewood, WI, presents a unique investment opportunity. Its prime location on Highway 32 ensures high visibility and accessibility, making it ideal for a variety of businesses. The property offers ample parking, catering to both business operations and potential rental tenants. The existing building provides versatile space suitable for a range of commercial uses, with the potential for expansion or modification to suit specific needs. The property's layout allows for separate business and rental areas, maximizing income potential. An additional area at the rear of the property offers space for an outbuilding or garage, further enhancing its functionality and value. This property is well-suited for an owner-operator seeking increased business exposure or an investor looking to add to their portfolio. The seller is open to exploring various transaction options, including a land contract or rental agreement, providing flexibility for potential buyers. This remodeled property is ready for immediate occupancy and offers significant potential for return on investment. The property's location in Lakewood provides easy access to local amenities and a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $2,852,430

  6.5%

  $2,633,010

  7%

  $2,444,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,415,130

  Geo Method

  $1,815,550

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,349,380

  Retail / Commercial

  $2,710,720

  Mixed-Use / Specialty

  $2,675,510

  Hospitality / Lodging

  $1,929,680

  Office

  $2,633,010

  Institutional / Educational

  $2,772,330

  Residential Income

  $3,243,620

  Multifamily

  $4,031,830

  Automotive / Energy

  $2,376,280

  Parking / Income-Based Land

  $845,261

  Restaurant / Food Service

  $1,337,040

  Healthcare / Senior Housing

  $2,769,880

Location Insight

City

Lakewood

County

Oconto

State

Wisconsin

Latitude

45.301

Longitude

-88.5253

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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