$420,000
1624 Tower Ave, Superior, WI 54880
4 Beds
4 Baths
6,375 SqFt

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Residential rental property upstairs, and Commercial space downstairs with lots of paved parking. It is time to buy this commercial and residential multi unit on Tower Ave. There are 4, residential, 1 bedroom, 1 bathroom rental units above the commercial space. The upper level is 100% leased to four individual tenants. Each upper tenant pay electricity and the leases are month to month. The lower commercial space is divided approximately in half. Each space has a private 1/2 bathroom and private entrance. The back half is slightly larger and contains a storage room and a rear loading area that also contains the utility services and central air handling equipment. There is a large paved parking lot that will hold approximately 10 cars and has easy access to Tower Ave. Located close to shopping, banking, dining and on the bus line. High traffic counts of 16,600 per day will provide great visibility for your growing business. The rubber roof is about 10 years old. There are newer vinyl windows in side and rear upper units and high quality aluminum windows in the front upper units. Hot water baseboard heat for all upper units. The lower commercial space is forced air with central air. The lower commercial space is wired for an alarm system. There are new canvas awnings with LED lighting (2021). The exterior of this building has been freshly painted in the summer of 2021. The rear storage unit has an overhead door that is still installed but the opening is a single entry door currently. It would be easy to remove the single entry door and use the overhead door.
  • Price:
  • $420,000
  • Bedrooms:
  • 4
  • Square Footage:
  • 6,375
  • Acreage:
  • 0.17
  • Year Built:
  • 1956
  • Listing ID #:
  • 6101809
  • Street Address:
  • 1624 Tower Ave
  • City:
  • Superior
  • State:
  • Wisconsin
  • Postal Code:
  • 54880
  • County:
  • Douglas
  • Community:
  • Superior
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
School District: Superior (wi) #5663
  • Construction Type:
  • Concrete Block
  • Dwelling Type:
  • Multi-Family
  • Exterior Features:
  • Concrete Block
  • Finished Above Ground Square Footage:
  • 2125
  • Finished Basement Square Footage:
  • 4250
  • Finished Square Feet:
  • 6375
  • Number Of Units:
  • 4
  • Stories:
  • 2 Story
  • Type Of Roof:
  • Rubber
  • Unit1 Bathrooms:
  • 1
  • Unit1 Half Bathrooms:
  • 1
  • Unit1 Square Footage Range:
  • 1400
  • Unit1 Total Rooms:
  • 3
  • Unit2 Bathrooms:
  • 1
  • Unit2 Half Bathrooms:
  • 1
  • Unit2 Square Footage Range:
  • 600
  • Unit2 Total Rooms:
  • 2
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 1
  • Unit3 Square Footage Range:
  • 450
  • Unit3 Total Rooms:
  • 4
  • Unit4 Bathrooms:
  • 1
  • Unit4 Bedrooms:
  • 1
  • Unit4 Square Footage Range:
  • 450
  • Unit4 Total Rooms:
  • 4
  • Year Built:
  • 1956
  • Days On Market:
  • 188
  • For Sale Or Lease?:
  • For Sale
  • Terms:
  • Cash, Conventional, Mhfa/Wheda, Va/Dva
  • Price Per Square Foot:
  • 65.88
  • Property Taxes:
  • $4,439
  • Tax Year:
  • 2021
  • Existing Water:
  • City
  • Heating:
  • Boiler, Natural Gas
  • Sewage Type:
  • City
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Tom Acton of RE/MAX Results
  • Copyright 2020 – Lake Superior Area REALTORS® MLS – All Rights Reserved DULUTHMN

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