219 State St
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219 State St
3,243 SF 100% Leased Retail Building Algoma, WI 54201 $199,900 ($62/SF)
Investment Highlights
- Heavy Traffic
- High Visibility
Executive Summary
Nicely updated property in the heart of Algoma! Location is key as you are near winery, brewery, recreational and cultural properties. Updates to the building include facade, exterior lighting, overhead door and interior finishing. Property is currently used as an outfitter retail store, and includes plenty of showroom lighting, bathrooms, changing rooms, zoned heating and storage. Property is situated in a high visibility location just off of the intersection of 4th and Navarino, with traffic counts of nearly 4,000 vehicles daily per WisDot Data.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,243 SF
Building Class
C
Year Built/Renovated
1959/2002
Price
$199,900
Price Per SF
$62
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.50 AC
Zoning
C-1 - commercial
Parking
30 Spaces (9.19 Spaces per 1,000 SF Leased)
Frontage
63 FT on State St
Amenities
- Corner Lot
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 201-00330-0680 | Total Assessment | $116,100 |
| Land Assessment | $26,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $89,300 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
201-00330-0680
Land Assessment
$26,800
Improvements Assessment
$89,300
Total Assessment
$116,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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219 State St
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