Butternut Business Center 236 S 2nd St 92,545 SF Vacant Industrial Building Butternut, WI 54514 $990,000 ($10.70/SF)
INVESTMENT HIGHLIGHTS
- Nearly 95,000 SF of Warehousing with renovated office space offered at approximately $10.70/SF.
- Excellent owner/user property or investment Seller to leaseback 25,000 SF at $2/SF for up to 4 years.
- Recent upgrades include new LED lighting, upgraded electrical, new roofing, new sprinkler system and new heating.
- 18 foot clear height, 3 drive in doors, 1 dock high door, 3.5 acres of parking lot
EXECUTIVE SUMMARY
Discover the exceptional opportunity at 236 S 2nd St, Butternut, WI—a versatile industrial property that seamlessly blends functionality with modern amenities. Spanning approximately 92,545 square feet, this facility has been meticulously upgraded to meet contemporary business needs. Recent renovations include new LED lighting, upgraded electrical systems, new roofing, a state-of-the-art sprinkler system, and enhanced heating, ensuring a safe and efficient working environment. Strategically located along Wisconsin Highway 13, this property offers excellent connectivity for logistics and distribution. The 18-foot clear height, three drive-in doors, and one dock-high door provide ample flexibility for various industrial operations. Additionally, the property boasts a generous 3.5-acre parking lot, accommodating both employees and large vehicles with ease. The thriving business community in Butternut, coupled with the town’s supportive local business alliance, creates a conducive environment for growth and collaboration. Nearby, the natural beauty of Butternut Lake and the North Fork of the Flambeau River offers recreational opportunities, enhancing the quality of life for employees and attracting potential clients. For those considering long-term investment, the seller leaseback option provides a stable income stream, with the seller leasing back 25,000 square feet at $2.00 per square foot for up to four years. This property is not only a practical choice for industrial use but also a sound investment in a community poised for economic growth.
PROPERTY FACTS
| Price | $990,000 |
| Price Per SF | $10.70 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 86.50 AC |
| Rentable Building Area | 92,545 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 0.54/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | CM - Commercial Manufacturing |
AMENITIES
- Fenced Lot
- Security System
- Storage Space
- Air Conditioning
UTILITIES
- Lighting
- Gas - Natural
- Water
- Sewer - City
- Heating - Gas
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Great Space! Built out for storage use! Has heating and air conditioning, loading docks (2) and grounded doors (2), as well as LED lighting! Looking for a minimum of 1 year Term!
Great Space! Built out for storage use! Has heating and air conditioning, loading docks (2) and grounded doors (2), as well as LED lighting! Looking for a minimum of 1 year Term!
Three 180-SF offices for $185 per month per month.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,000-20,000 SF | Industrial | Full Build-Out | Now |
| 1st Floor | 1,000-30,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl-Ste 1-2 and 3 | 180 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,000-20,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 1,000-30,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 1-2 and 3
| Size |
| 180 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Minneapolis
425,403
201
4 h 35 m
Milwaukee
592,025
296
6 h 3 m
Chicago
2,705,994
391
7 h 35 m
Indianapolis
867,125
570
11 h 5 m
Omaha
468,262
583
11 h 33 m
Detroit
672,662
625
12 h 24 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
6,436
Total Labor Force
3,085
Unemployment Rate
2.82%
Median Household Income
$53,167
Warehouse Employees
905
High School Education Or Higher
93.00%
PROPERTY TAXES
| Parcel Number | 106-00114-0000 | Improvements Assessment | $70,700 |
| Land Assessment | $11,600 | Total Assessment | $82,300 |
