522 Sanborn Ave
6,274 SF 65% Leased Retail Building Ashland, WI 54806 $159,900 ($25.49/SF)
INVESTMENT HIGHLIGHTS
- Highway Exposure
- Off Street Parking
- Established Business
EXECUTIVE SUMMARY
Ashland Lock & Key - iconic local business for sale along with the inventory and building that offers endless opportunity and instant exposure. Set on the well traveled corner of HWY112/Sanborn Avenue and HWY137/6th St W this established business and office has off-street parking. The main level has two office spaces with garage access, warehouse space and work space. The upper level of the building is ready to be renovated and converted into living space or more commercial space. Just up the road from Lake Superior and steps away from the Rail Trail this is an excellent business venture!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
6,274 SF
Year Built
1960
Price
$159,900
Price Per SF
$25.49
Percent Leased
65%
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.60 AC
Zoning
Mixed - Mixed Residential/Commercial & Regional Commercial
Parking
10 Spaces (1.59 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 201-04727-0000 | Improvements Assessment | $60,000 |
| Land Assessment | $25,000 | Total Assessment | $85,000 |
