Seller Financing
Address
1624 Tower Ave Superior, WI
Price
$ 450,000
Property Attributes
  • MLS#6095477
  • TypeCommercial
  • CountyDOUGLAS
  • CitySuperior
  • AreaSuperior
  • Zip54880
  • StyleMixed Use
  • Year Built1956
  • Taxes$ 3850
  • Price$ 450,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms2
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
RE/MAX Results
Data Source:
Lake Superior Area of REALTORS (LSAR)
Property Description

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.

Price History
3/22/2021 Listed $450,000

General Features

Cooling Central
Heating Boiler, City Gas
Roof Rubber
School District Superior (WI) #5663

Exterior Features

Latitude 46.718442
Longitude -92.103479
Exterior Concrete Block, Wood

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 54880

Price
AVG $440K
$450K
Taxes
AVG $5,890
$3,850
Visits
AVG 6
14
Year Built
AVG 1947
1956
Walkscore
AVG 50
80
Data Provided by Walkscore ® not using MLS data

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