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Active NEW!
$550,000
/mo Edit
Commercial:  2 Stories
Built 1912
0.08 acres
MLS# 7005751
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    Property Description

    Discover exceptional character and versatility in this historic Tower Avenue building, featuring beautiful hardwood floors, exposed brick, and two bathrooms on the main level, along with a walk-in cooler that will stay with the property. The upper level offers a spacious open area with amazing views of Spirit Mountain - an excellent opportunity for future apartment conversion or additional commercial use. Recent updates include a new roof on the lower portion of the building, forced-air heat, and a new A/C condenser. Building only is for sale; furnishings and all other equipment may be purchased separately. With strong visibility in the business district and close proximity to a high performing hotel, this has outstanding potential for many different concepts. This property is a great opportunity for investors or owner-operators alike.

    Listing

    Contingency: None
    City: Superior
    County: Douglas
    State: WI
    Property Style: 2 Stories
    Zip Code: 54880
    Subdivision Name: West Superior 01 Div 609

    Interior

    Ceiling Height: 16-20
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Air Conditioning: Central Air
    Foundation Size: 3,500 ft2
    Foundation Dimensions: 0
    Handicap Accessible: Fully Wheelchair
    Heating System: Forced Air
    Parking Features: Parking Lot
    Unit Amenities: Other
    Road Frontage: City Street
    Exterior Material: Brick
    Roof Details:
    • Flat
    • Rubber

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.08
    Geolocation: 46.725152, -92.103422
    Inclusions: Building
    Lot Dimensions: 25 x 140
    Zoning: Business/Commercial

    Schools

    School District: 1979
    District Phone: 7153948710

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,975
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $4,975

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 4

    Miscellaneous

    Current Use: Bar/Tavern
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: None Available
    Water System: City Water/Connected
    Power Company Name: SW L&P

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.