522 Sanborn AveAshland, WI 54806

Property Details for 522 Sanborn Ave

Lot size

0.23 AC

Property type

Commercial real estate

APN

201-04727-0000

APU

201047270000

Description

This exceptional offering presents a unique opportunity to acquire a well-established business, Ashland Lock & Key, along with its associated building and inventory. Located at 522 Sanborn Ave, Ashland, WI 54806, this property boasts a prime location with high visibility on HWY 112 and HWY 137, ensuring excellent exposure and convenient access. The single-story building, constructed in 1960, encompasses 2,000 square feet situated on a 0.23-acre lot (APN: 201-04727-0000). The asking price is $99,900, translating to $49.95 per square foot. This represents an owner/user investment opportunity in a Class C building. The business, serving Northern Wisconsin and beyond, enjoys a strong reputation and established clientele. The sale includes all existing inventory, providing a seamless transition for the new owner. Off-street parking is available for customer and employee convenience. This turnkey operation offers immediate income potential and the chance to continue a successful legacy in a thriving community. The property is zoned for business use only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,087,650

  6.5%

  $1,927,060

  7%

  $1,789,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,370

  Geo Method

  $511,370

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,805,490

  Retail / Commercial

  $1,949,170

  Mixed-Use / Specialty

  $1,940,440

  Hospitality / Lodging

  $1,421,320

  Office

  $1,927,060

  Institutional / Educational

  $2,016,640

  Residential Income

  $2,359,470

  Multifamily

  $2,839,700

  Automotive / Energy

  $1,728,550

  Parking / Income-Based Land

  $598,262

  Restaurant / Food Service

  $1,005,440

  Healthcare / Senior Housing

  $1,991,720

Location Insight

City

Ashland

County

Ashland

State

Wisconsin

Latitude

46.5773

Longitude

-90.906

Property Tax & Assessments

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