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Key Details
Sold Price $615,000
Property Type Commercial
Sub Type Retail,Restaurant/Supper Club,Office(s),Shopping Center,Recreation/Health Club,Grocery,Beauty/barber shop,Mixed use
Listing Status Sold
Purchase Type For Sale
Square Footage 40,220 sqft
Price per Sqft $15
MLS Listing ID 22106800
Sold Date 06/15/22
Year Built 1983
Annual Tax Amount $26,028
Tax Year 2021
Lot Size 3.400 Acres
Acres 3.4
Property Sub-Type Retail,Restaurant/Supper Club,Office(s),Shopping Center,Recreation/Health Club,Grocery,Beauty/barber shop,Mixed use
Property Description
This shopping center is in an ideal location to capitalize on the recent road construction as well as the ongoing economic development in the Village of Plover. This building is a great investment opportunity for those looking to get into commercial real estate. All three units are occupied with long time tenant. With a Gross Rent Margin of 5.68 and a 2021 Cap Rate of 8.66%, this building is priced to move quickly. Financials are available upon request.
Location
State WI
County Portage
Zoning Commercial
Interior
Interior Features Smoke Alarm
Heating Natural Gas
Cooling Forced Air, Central Air
Exterior
Exterior Feature Concrete
Utilities Available Separate Meter
Roof Type Rubber/Membrane
Building
Sewer Municipal Water
New Construction N
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Bought with SCHULTZ REAL ESTATE GROUP
NEARBY SCHOOLS & BUSINESSES
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