Mixed-Use Commercial | 7860 US Highway 2
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Mixed-Use Commercial 7860 US Highway 2
4,226 SF Flex Building Iron River, WI 54847 $399,000 ($94/SF)
Investment Highlights
- High traffic counts
- Access to Tri-County Corridor Recreational Trail
- Mixed-use commercial with 1 bedroom, 1 bathroom apartment
Executive Summary
Well maintained mixed-use commercial property that includes two office spaces, a garage bay, warehouse/storage space and a 1 bedroom, 1 bathroom apartment. Replacement cost estimated at $800,000 by insurer. Nearly 120' of frontage on US Highway 2, near banks, restaurants, convenience stores, lodging and other commercial properties, over 145' of frontage on the Tri-County Corridor recreational trail. Offices have been rented at $750 & $650 per month, owner kept rents stable and below market rates over the life of the tenancies. Garage & Storage area rented at $650 per month. Apartment was never rented. Listing agent is related to the seller.
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 Under Contract
| Price | $399,000 | Lot Size | 1.22 AC |
| Price Per SF | $94 | Rentable Building Area | 4,226 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 1992 |
| Price | $399,000 |
| Price Per SF | $94 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Lot Size | 1.22 AC |
| Rentable Building Area | 4,226 SF |
| No. Stories | 1 |
| Year Built | 1992 |
Amenities
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
1 of 1
PROPERTY TAXES
| Parcel Number | 04-024-2-47-08-07-4-01-000-08000 | Total Assessment | $280,000 |
| Land Assessment | $57,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $222,100 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
04-024-2-47-08-07-4-01-000-08000
Land Assessment
$57,900
Improvements Assessment
$222,100
Total Assessment
$280,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | Commercial |
| Commercial |
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Mixed-Use Commercial | 7860 US Highway 2
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.