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Front Street 407 N Front St 4,800 SF 79% Leased Retail Building Spooner, WI 54801 $399,000 ($83.13/SF) 12% Cap Rate
Investment Highlights
- Great location for a Chiropractor. Living quarters upstairs.
Executive Summary
4 Commercial Units, 2 Bedroom Residential Unit, Full Sprinkler System, Rental Income $3950/month. Public parking lot across the street.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built/Renovated
1900/2024
Price
$399,000
Price Per SF
$83.13
Cap Rate
12%
NOI
$47,880
Percent Leased
79%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.28
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
Commercial
Frontage
53’ on North Front Street
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 65-281-2-39-12-31-515-527-515500 | Improvements Assessment | $192,400 |
| Land Assessment | $26,400 | Total Assessment | $218,800 |
Property Taxes
Parcel Number
65-281-2-39-12-31-515-527-515500
Land Assessment
$26,400
Improvements Assessment
$192,400
Total Assessment
$218,800
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Front Street | 407 N Front St