1202 State StLa Crosse, WI 54601

Property Details for 1202 State St

Lot size

0.23 AC

Property type

Office properties

Property subtype

Office buildings

APN

017-020227-070

APU

17020227070

Description

This exceptional 5,500 square foot commercial building in Downtown La Crosse, WI offers a prime leasing opportunity. Located at 1202 State St, near three college campuses and student housing, this Class C property presents versatile space ideal for various businesses. Currently, 3,500 square feet is immediately available, with an additional 2,000 square feet occupied by month-to-month tenants (a Pilates studio and massage therapy business). The building features a reception area, five perimeter offices, workstations, a breakroom, and two restrooms. The property includes eight parking spaces and is zoned for business commercial use (APN: 017020227070). Leasing options are flexible, allowing for the lease of the entire space or just the immediately available 3,500 square feet. The lease rate is $7.00 per square foot annually, plus taxes, insurance, and CAM (Triple Net). Taxes and insurance are an additional $1.75 per square foot annually. This single-story building offers significant redevelopment potential

• CAP approach

  CAP return

  Valuation

  6%

  $1,656,316

  6.5%

  $1,528,907

  7%

  $1,419,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $513,564

  Geo Method

  $513,564

• Alternative Use

  Use

  Valuation

  Residential

  $1,895,845

  Hospitality

  $1,736,584

  Educational

  $1,444,817

  Medical

  $1,494,507

  Retail

  $2,247,494

Location Insight

City

La Crosse

County

La Crosse

State

Wisconsin

Latitude

43.8125

Longitude

-91.2386

CBSA code

29100

CBSA name

LA CROSSE, WI-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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