5819 Tower AveSuperior, WI 54880

Property Details for 5819 Tower Ave

Lot size

0.08 AC

Zone code

C2

Property type

Commercial real estate

APN

08-808-00027-00

APU

88080002700

Description

This exceptional mixed-use property in Superior, Wisconsin, presents a compelling investment opportunity. Located at 5819 Tower Ave, this two-story building boasts a total of 3,020 square feet and features a main floor retail space currently generating $1,800 per month in rental income. The upper level includes a two-bedroom, one-bathroom apartment, currently leased for $1,200 per month. The main floor also contains an approximately 1000 square foot space that is partially remodeled, offering significant potential for expansion or customization by the new owner. This space requires finishing and licensing. The building, constructed in 1950, benefits from a newer rubber roof (approximately 7 years old) and new siding on the front. Three furnaces and separate gas meters ensure efficient utility management. The property includes two off-street parking spots. Annual property taxes are $2,904.46 (2023). Electric and water are paid by the owner (approximately $250 per month). The property is zoned for commercial use, providing flexibility for future development. This is a rare chance to acquire a well-located, income-producing property with significant upside potential in a thriving Wisconsin community. The asking price is $295,000, representing a price per square foot of $97.68.

• Alternative Use

  Use

  Valuation

  Residential

  $733,396

  Hospitality

  $671,786

  Educational

  $558,918

  Medical

  $578,140

  Retail

  $869,428

Location Insight

City

Superior

County

Douglas

State

Wisconsin

Latitude

46.6687

Longitude

-92.1048

CBSA code

20260

CBSA name

DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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