a Berkshire Hathaway affiliate

$450,000

1624 Tower Ave, Superior, WI 54880


1624 Tower Ave Superior, WI 54880

For Sale MLS# 6095477

Commercial

Data current as of {{getLocalTime('2021-04-15T08:30:34Z')}}

Details

MLS# 6095477

Description for 1624 Tower Ave, Superior, WI, 54880


Mixed Use Commercial Building. It is time to buy this commercial and residential multi unit on Tower Ave. There are 4, residential, 1 bedroom, 1 bathroom rental units above the commercial space. The upper level is 100% leased to four individual tenants. Each upper tenant pay electricity and the leases are month to month. The lower commercial space is divided approximately in half. Each space has a private 1/2 bathroom and private entrance. The back half is slightly larger and contains a storage room and a rear loading area that also contains the utility services and central air handling equipment. There is a large paved parking lot that will hold approximately 10 cars and has easy access to Tower Ave. Located close to shopping, banking, dining and on the bus line. High traffic counts of 16,600 per day will provide great visibility for your growing business. The rubber roof is about 10 years old. There are newer vinyl windows in side and rear upper units and high quality aluminum windows in the front upper units. Hot water baseboard heat for all upper units. The lower commercial space is forced air with central air. The lower commercial space is wired for an alarm system. There are new canvas awnings with LED lighting (2021). The exterior of this building is scheduled to be painted in the summer of 2021. Buyer could negotiate the painting in part of a transaction if they would rather paint the property themselves. The rear storage unit has an overhead door that is still installed but the opening is a single entry door currently. It would be easy to remove the single entry door and use the overhead door.

Listing Information


Property Type: Commercial

Status: Active

Bathrooms: 1

Lot Size: 0.17 Acres

Square Feet:

Year Built: 1956

Foundation:

Garage: No

Stories: 2

Construction: Concrete Block

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 6

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Douglas

HERS Score:

Construction Status:

School Information


District: Superior (Wi) #5663

Elementary:

Middle:

High:

Room Information


Bathrooms

1/2 Baths: 1

Utilities


Water: City

Sewer: City

Available Utilities:

Other Utilities:

Cooling: Central

Heating: Boiler, City Gas

Exterior / Lot Features


Parking Description: Driveway - Asphalt, On-Street Parking Only, Unassigned, Off Street Parking, Shared Parking

Exterior: Wood, Concrete Block

Roof: Rubber

Lot View:

Lot Dimensions: 140x25 + 50x80

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features: Exterior Loading Docks, Road Frontage - City, Curb/Gutters, Paved, Street Lights, Storm Sewer

Soil Type:

Tillable Acres:

Unit Information


Total Baths: 1

Total Rooms: 3

Total Baths: 1

Total Rooms: 2

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 4

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 4

Monthly Rent: 495

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 4

Monthly Rent: 485

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 4

Driving Directions


South on Tower Ave building on the left.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms: Cash,Conventional,Owner Carry Second,Small Business Admin.,MHFA/WHEDA,VA/DVA

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 07-807-00192-02 and 07-807-00193-00

Tax Amount: $3,851

Tax Year: 2020

HomeStead Description:

Sales History

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Schools nearby 1624 Tower Ave

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings