7400 Iron River Dam RdIron River, WI 54847

Property Details for 7400 Iron River Dam Rd

Lot size

1.58 AC

Property type

Commercial real estate

APN

04-024-2-47-08-07-3 00-330-02000

APU

9223372036854775807

Description

This exceptional 8,905-square-foot manufacturing facility in Iron River, Wisconsin, presents a compelling investment opportunity. Situated on a 1.58-acre lot, this single-story, 1957-built building boasts 14-foot ceilings and is zoned for commercial use. The property features a versatile layout, including approximately 6,760 square feet of production space and 2,840 square feet of office space. Office amenities are extensive and include multiple configurations, a reception area, conference room, break room, vault, server/office/file room, and multiple bathrooms (one with a shower). The manufacturing area is equipped with 3-phase power, four new gas forced-air furnaces, a natural gas marine-grade floor coating, and freshly painted interiors with new LED lighting. Eight large overhead doors, air compressor lines, and a natural gas forced-air recovery heat system enhance functionality. High-speed internet access is available. The property also includes a 30-space asphalt parking lot, ample for semi-truck loading and maneuvering. The property is currently vacant and ready for immediate occupancy, making it ideal for a business seeking to establish or relocate its operations. The APN is 20750, and corporate ownership is in place. This property offers a unique blend of modern upgrades and functional space, making it a highly attractive investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $14,359,100

  6.5%

  $13,254,600

  7%

  $12,307,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,517,270

  Geo Method

  $3,517,270

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $26,174,600

  Retail / Commercial

  $13,406,700

  Mixed-Use / Specialty

  $13,346,600

  Hospitality / Lodging

  $9,776,060

  Office

  $13,254,600

  Institutional / Educational

  $13,870,700

  Residential Income

  $16,228,800

  Multifamily

  $19,531,800

  Automotive / Energy

  $11,889,200

  Parking / Income-Based Land

  $4,114,920

  Restaurant / Food Service

  $6,915,550

  Healthcare / Senior Housing

  $13,699,300

Location Insight

City

Iron River

County

Bayfield

State

Wisconsin

Latitude

46.566

Longitude

-91.4199

Property Tax & Assessments

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