820 Industrial DrSparta, WI 54656

Property Details for 820 Industrial Dr

Lot size

3.42 AC

Property type

Other commercial real estate

APN

281-02609-1500

APU

281026091500

Description

This exceptional investment opportunity presents a 10,000-square-foot Class C office building located at 820 Industrial Drive in Sparta, Wisconsin. The property, built in 1994, sits on a 3.43-acre lot and boasts 40 parking spaces, ensuring ample convenience for tenants and visitors. Currently operating under a gross lease with a multi-tenant occupancy of 100%, the building offers a stable income stream with a remaining lease term of four years. The asking price is $1,416,977, translating to a price per square foot of $141.70 and a compelling 6.97% capitalization rate. The property's Net Operating Income (NOI) stands at $123,277, demonstrating its strong financial performance. The property is zoned B - Business, allowing for a variety of commercial uses. The Assessor's Parcel Number (APN) is 281-02609-1500. This well-maintained office building presents a rare opportunity to acquire a stable, high-performing asset in a desirable location within Monroe County, Wisconsin, with a zip code of 54656. The property's location offers easy access to major transportation routes and local amenities. This is an ideal investment for those seeking a consistent return on investment with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $30,035,206

  Hospitality

  $27,512,086

  Educational

  $22,889,732

  Medical

  $23,676,946

  Retail

  $35,606,252

Location Insight

City

Sparta

County

Monroe

State

Wisconsin

Latitude

43.9351

Longitude

-90.8295

Property Tax & Assessments

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