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Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Office(s),Retail,Other
Listing Status Sold
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $74
MLS Listing ID 1575303
Sold Date 10/18/23
Year Built 1885
Annual Tax Amount $18,274
Tax Year 2022
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Office(s),Retail,Other
Property Description
Extremely solid income producer with potential for growth! This landmark iconic building has (30) residential units on the 2nd and 3rd floors, and (5) commercial tenants on the first floor, 98% occupancy. One unit is in remodel process. The Marion is situated near the historic district, next to the lake, downtown and the University of Wisconsin-Stout Bell Tower. Near the Mabel Tainter Theatre, Lake Menomin, historic Menomonie downtown. City has many major, manufacturing companies, including 3M, Phillips, Anderson Windows, to name a few. Bike trails, shopping, Mayo Hospital nearby. Many updated improvements including new roof, New windows, fire system, remodeling in some units. Fiber optic internet coming soon. Long term commercial tenants. Annual leases for almost all residential units.
Location
State WI
County Dunn
Zoning Commercial
Rooms
Basement Full, Stone
Interior
Heating Natural Gas
Cooling Other, Hot Water, Radiant
Exterior
Exterior Feature Brick, Stone
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Menomonie
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Bought with Chippewa Valley Real Estate, LLC
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