5802 Tower AveSuperior, WI 54880

Property Details for 5802 Tower Ave

Lot size

0.31 AC

Zone code

C2

Property type

Commercial real estate

APN

08-808-00042-00

APU

88080004200

Description

This exceptional 3,500 square foot restaurant building in Superior, Wisconsin, is available for $395,000. Located at 5802 Tower Ave, 54880, this single-unit property offers a turnkey restaurant operation complete with all fixtures, furniture, and equipment (FF&E). Alternatively, the seller will remove the FF&E, presenting a fantastic opportunity for a buyer seeking a prime retail space in a desirable location. The property includes a separate garage and a large parking lot, enhancing its appeal and functionality. The building sits on a corner lot, providing excellent visibility and accessibility. A unique advantage is a private driveway accessible via an alley, which can be easily blocked to minimize drive-through traffic and enhance the property's overall ambiance. This versatile property presents a rare opportunity to acquire a thriving business or a strategically located building in Douglas County, Wisconsin. The property's size, amenities, and location make it an ideal investment for both established businesses and new ventures. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,840,910

  6.5%

  $2,622,370

  7%

  $2,435,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $695,879

  Geo Method

  $695,879

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,178,560

  Retail / Commercial

  $2,652,460

  Mixed-Use / Specialty

  $2,640,590

  Hospitality / Lodging

  $1,934,160

  Office

  $2,622,370

  Institutional / Educational

  $2,744,280

  Residential Income

  $3,210,810

  Multifamily

  $3,864,300

  Automotive / Energy

  $2,352,240

  Parking / Income-Based Land

  $814,123

  Restaurant / Food Service

  $1,368,220

  Healthcare / Senior Housing

  $2,710,360

Location Insight

City

Superior

County

Douglas

State

Wisconsin

Latitude

46.6692

Longitude

-92.1038

CBSA code

20260

CBSA name

DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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