501 Hewett StNeillsville, WI 54456

  • Other commercial real estate
  • 0.18 AC
For Sale
$295,000 View listing

Property Details for 501 Hewett St

Lot size
0.18 AC
Property type
Other commercial real estate
APN
261.0993.994
APU
2610993994

Description

This exceptional two-story commercial building, situated on a corner lot in downtown Neillsville, Wisconsin (501 Hewett St, 54456), offers 10,000 square feet of prime retail space. The property, zoned for commercial use, features a total of ten units across two stories within a single building. Currently housing two tenants with active, long-term leases, this investment opportunity boasts multiple income streams. The building includes over 20 office spaces, three kitchenette break rooms, and three conference rooms. Restrooms are conveniently located on both floors. Several units offer built-in shelving and sink facilities, ideal for a variety of uses. The building features a stunning lobby and waiting area, connected by a gorgeous stairwell. All mechanical systems are meticulously maintained, including a recently installed rubber roof. Additional amenities include ADA compliance, fiber optic internet access, an adjacent parking lot, secure swipe card entry, a maintenance room, and two air exchangers. Its location on Highway 73 in the historic 500 block of downtown Neillsville provides excellent visibility and accessibility. The versatile layout is suitable for various commercial ventures, including but not limited to: multi-tenant shopping center, dental or medical offices, insurance agency, real estate office, general business offices, or creative studios. This well-maintained property presents a strong investment opportunity with existing income generation.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,650,087
    Hospitality
    $1,511,471
    Educational
    $1,257,526
    Medical
    $1,300,774
    Retail
    $1,956,152
501 Hewett St, Neillsville, Wisconsin

Location Insight

City
Neillsville
County
Clark
State
Wisconsin
Latitude
44.5601
Longitude
-90.596

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
$3,571
$26,000
$119,800
$145,800
-
-
-
$178,400

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