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12046 State Hwy 42 1,472 SF Retail Building Ellison Bay, WI 54210 $499,900 ($339.61/SF)
Investment Highlights
- Excellent visibility along State Hwy 42 with strong seasonal tourist traffic
- Ample on-site surface parking directly in front of building
- Charming standalone retail building with cottage-style architecture
- Prominent monument signage for roadside exposure
Executive Summary
Well maintained commercial building located along Highway 42 in charming Ellison Bay. Originally built in 1978, with major remodeling done in 1998 & 2003, in addition to recent updates of fresh paint, new LVP flooring, new well pump/pressure tank & more. Professional landscaping and plenty of paved parking. Versatile interior layout offers excellent potential for a wide range of business uses, whether you’re expanding an existing operation or launching something new. The space includes a spacious lobby/retail area, smaller display area, semi-private retail area/office, utility room w/commercial sink & storage, private bath. Lot size allows space to build a future residence. A great opportunity in a highly visible and prime location with flexibility to suit many commercial & business needs. Real Estate Only. Business is not included. There is a deed restriction on the property that prohibits from leasing or selling to a "Financial Services Institution".
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,472 SF
Building Class
C
Year Built/Renovated
1978/2003
Price
$499,900
Price Per SF
$339.61
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.81 AC
Zoning
Mixed Commercial - Allowing for many commercial and residential uses
Parking
10 Spaces (6.79 Spaces per 1,000 SF Leased)
Frontage
250’ on Highway 42
Amenities
- Conferencing Facility
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 018-0214322822Q | Improvements Assessment | $215,100 |
| Land Assessment | $48,500 | Total Assessment | $263,600 |
Property Taxes
Parcel Number
018-0214322822Q
Land Assessment
$48,500
Improvements Assessment
$215,100
Total Assessment
$263,600
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12046 State Hwy 42