731 8Th StWisconsin Rapids, WI 54494

Property Details for 731 8Th St

Lot size

0.42 AC

Property type

Commercial real estate

APN

3407482

APU

3407482

Description

This exceptional 4,050 square foot auto shop, situated on a highly visible 0.42-acre corner lot at 731 8th St S in Wisconsin Rapids, WI 54494, presents a lucrative investment opportunity. Boasting 100% occupancy, this NNN-leased property benefits from its prime location on 8th Street S, known for its highest traffic counts in the city's business district. Built in 1960 and extensively renovated in 2009, the building features three convenient access points, prominent signage, and ample visibility. The space is divided into 2,605 square feet of shop space with a 13-foot ceiling, a 10x16 overhead door, a 3-phase 150-amp electrical system, pneumatic lines, and a fuel oil furnace. An additional 1,397 square feet of office space includes a gas/forced air furnace, air conditioning, and the potential for a second restroom. The seller is open to negotiating the sale of existing mechanic's tools and equipment, and a sale-leaseback option with a 5-7 year lease is also available. This property is zoned commercial and offers excellent potential for continued success in a high-demand location. The asking price is $280,000, with a price per square foot of $69.14.

• Alternative Use

  Use

  Valuation

  Residential

  $3,781,099

  Hospitality

  $3,463,466

  Educational

  $2,881,563

  Medical

  $2,980,665

  Retail

  $4,482,432

Location Insight

City

Wisconsin Rapids

County

Wood

State

Wisconsin

Latitude

44.3842

Longitude

-89.8168

CBSA code

49220

CBSA name

WISCONSIN RAPIDS-MARSHFIELD, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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