1103 Oakes AveSuperior, WI 54880

Property Details for 1103 Oakes Ave

Lot size

1.19 AC

Zone code

M2

Property type

Commercial real estate

APN

06-806-00731-04

APU

68060073104

Description

This exceptional self-storage portfolio in Superior, Wisconsin, presents a compelling investment opportunity. Comprising four locations totaling 118,360 rentable square feet and 708 units, this property boasts consistently high occupancy rates, currently at 85%, and strong year-over-year revenue growth. Built between 1989 and 2014, the portfolio benefits from recent capital improvements exceeding $350,000 over the past two and a half years. These upgrades include enhanced security systems (security cameras and lighting), door replacements, and other curb appeal enhancements. The portfolio's strategic location within the densely populated city of Superior, within the "Twin Ports" area encompassing Duluth, MN, and Superior, WI, offers significant potential for market share expansion. Currently generating a gross potential income of $1,327,248 at existing rental rates, this turnkey operation presents a unique chance to capitalize on below-market rents and attract new tenants at higher rates. The property's substantial size makes it the second-largest portfolio in a growing MSA with a population of 280,000. This is an ideal opportunity for investors seeking a stable, high-performing asset in a thriving market. The addresses are 1103 Oakes Ave, 2030 Elmira Ave, 2634 Elmira Ave, and 2343 Elmira Ave, all in Superior, WI 54880, within Douglas County.

• Alternative Use

  Use

  Valuation

  Residential

  $10,927,067

  Hospitality

  $10,009,134

  Educational

  $8,327,482

  Medical

  $8,613,877

  Retail

  $12,953,861

Location Insight

City

Superior

County

Douglas

State

Wisconsin

Latitude

46.7251

Longitude

-92.1078

CBSA code

20260

CBSA name

DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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