105 Oak StSparta, WI 54656

  • Other commercial real estate
  • 0.03 AC
For Sale
$425,000 View listing

Property Details for 105 Oak St

Lot size
0.03 AC
Property type
Other commercial real estate
APN
281-01799-0000
APU
281017990000

Description

This exceptional 5,200 square foot mixed-use commercial property, located at 105 W Oak STREET Unit 107 in Sparta, Wisconsin, presents a compelling investment opportunity. Situated on a 0.07-acre lot, the building boasts a ground floor office space currently leased to long-term tenants, providing a consistent stream of commercial income. The upper level features two recently renovated apartments, each showcasing high ceilings, modern finishes, and ample natural light. These apartments are highly attractive to renters, offering the potential for significant residential rental income. The property's prime location within a desirable area further enhances its value and appeal. This turnkey building offers a blend of stable commercial revenue and lucrative residential rental potential, making it an ideal investment for those seeking a diversified income stream. The property is priced at $425,000 and represents a rare opportunity to acquire a well-maintained, income-generating asset in a thriving market. The existing leases on the commercial space ensure immediate cash flow, while the modern apartments provide a strong foundation for long-term rental growth. This property is ready for immediate occupancy and offers significant upside potential for future appreciation. Don't miss this chance to own a truly exceptional mixed-use property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $287,087
    Hospitality
    $262,970
    Educational
    $218,788
    Medical
    $226,312
    Retail
    $340,336
105 Oak St, Sparta, Wisconsin

Location Insight

City
Sparta
County
Monroe
State
Wisconsin
Latitude
43.9432
Longitude
-90.8112

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
$1,097
$9,800
$62,600
$72,400
-
-
-
$71,200

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