• 715-571-3510

Learn more about this property

    1951 8TH STREET SOUTH Wisconsin Rapids WI 54494
    $ 659,900.00

    1
    2
    • MLS #: 22401505
    • Date added: 04/26/24
    • Post Updated: 2024-04-26 11:23:06
    • Type:
    • Status:
    • Area: 5439 sq ft
    • Lot Size: 35,475
    • Year built: 1976

    Description

    Great investment property or location for your future business! Located in the heart of Wisconsin Rapids with DOT daily traffic counts of 20,600, this well maintained building offers fantastic exposure. Total building square footage of 5,439 sqft, with the 1,650 sqft northern unit currently rented for $1,650/month on a 5 year lease term with 3% increase at 5 years. The 3,789 sqft southern unit is currently vacant and ready for your future business or tenants. This large space offers a wide variety of possible uses, including restaurant, retail, office, and more. The southern unit was previously utilized as a restaurant with all equipment and inventory available for an additional $60K. The large 0.814 acre lot offers an abundance of parking. Both units are separately metered for all utilities. Landlord covers snow removal, exterior maintenance, taxes, and building insurance. Tenants cover utilities and interior maintenance. Southern unit is also available for lease, see MLS# 22401506.

    Rooms&Units Description

    • Number of Units: 2

    Location Details

    • Municipality: Wisconsin Rapids, City of
    • County: Wood County
    • Directions: From Hwy 54, S on 8th St,
    • Area Desc: Wisconsin Rapids

    Property Details

    • CONSTRUCTION: Brick,Stucco
    • # of Stories: 1
    • # of Buildings: 1
    • Building Sq Ft: 5001-10000
    • Land Sq Ft: 20001-50000
    • Number of Acres: 0.81
    • Sale/Rent: For Sale
    • LEASE TYPE: Gross,Multiple Years,Renewal Options
    • Age: 48
    • POSSIBLE USE: Retail,Restaurant/Bar,Office,Business,Grocery,Mixed Use,Other
    • Present Use: Restaurant/Bar

    Property Features

    • ROOF: Composition
    • HEAT TYPE: Forced Air
    • FUEL TYPE: Natural Gas
    • COOLING: Central
    • Parking: Common
    • WATER/WASTE: Municipal Water

    Fees&Taxes

    • Tax Amount: $ 9.00
    • Tax Year: 2023

    Miscellaneous

    • MISCELLANEOUS: Gas Hot Water Heater,Utility Separate Meter,Inside Storage,Display Window,Security Lighting,High Traffic Location,Handicap Access,High Visibility,Kitchen Area
    • TENANT PAYS: Heat,Air Conditioning,Electric,Water,Sewer,Janitorial

    Courtesy of

    • Office Name: KPR BROKERS, LLC
    • Contact: Phone: 763-228-9349
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