17887 State Highway 32Townsend, WI 54175

  • Other commercial real estate
  • 0.75 AC
For Sale
$850,000 View listing

Property Details for 17887 State Highway 32

Lot size
0.75 AC
Property type
Other commercial real estate
APN
042232312324H
APU
042232312324H

Description

This exceptional opportunity presents the chance to acquire a well-established and profitable grocery store in the charming town of Townsend, Wisconsin. Located on State Highway 32, this 8,962 square foot business enjoys a prime location with high visibility and traffic, benefiting from its proximity to numerous lakes and recreational trails, attracting both local residents and tourists. Operating successfully for 42 years, this grocery store has cultivated a loyal customer base and a strong reputation within the community. The business offers a diverse range of products, including fresh produce, a full-service butcher shop, freshly baked goods, and a curated selection of beer and liquor. The sale includes all existing equipment, ensuring a truly turnkey operation. This includes refrigeration units, shelving, and a point-of-sale (POS) system, minimizing the initial investment required for a new owner. Financial records demonstrate consistent revenue and profitability, making this a compelling investment opportunity for experienced business owners or aspiring entrepreneurs seeking a well-established, community-focused enterprise. The 0.75-acre lot provides ample space for potential expansion or future development. This is a rare chance to own a thriving business in a desirable location with significant growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,752,036
    Hospitality
    $6,184,829
    Educational
    $5,145,705
    Medical
    $5,322,674
    Retail
    $8,004,430
17887 State Highway 32, Townsend, Wisconsin

Location Insight

City
Townsend
County
Oconto
State
Wisconsin
Latitude
45.3272
Longitude
-88.5894
CBSA code
24580
CBSA name
GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,241
$85,100
$225,300
$310,400
-
-
-
$416,800

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