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230 W Grand Ave 40,000 SF 100% Leased Retail Building Wisconsin Rapids, WI 54495 $1,420,000 ($35.50/SF)
INVESTMENT HIGHLIGHTS
- Long Term Tenants
- Major Street/Sidewalk Project Complete
- Mostly Year to Year Leases
EXECUTIVE SUMMARY
For 100 years the Mead Witter Block has been an iconic symbol of commercial real estate in Wisconsin Rapids. This two-story, Gothic Revival,spans a full city block and boasts 40,000 square feet of retail and office space. It's desirable location, recent maintenance updates and long-term tenant history makes this a perfect low risk investment, while owning one of the city's most historic landmarks. Contact listing office forfinancials.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
REO Sale
Property Type
Retail
Building Size
40,000 SF
Building Class
B
Year Built
1924
Price
$1,420,000
Price Per SF
$35.50
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.81 AC
Parking
37 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
262’ on W. Grand Ave
AMENITIES
- Corner Lot
- Restaurant
- Storage Space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-02455 | Improvements Assessment | $1,125,500 |
| Land Assessment | $174,100 | Total Assessment | $1,299,600 |
PROPERTY TAXES
Parcel Number
34-02455
Land Assessment
$174,100
Improvements Assessment
$1,125,500
Total Assessment
$1,299,600
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Presented by
NextHome Partners
230 W Grand Ave
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