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Key Details
Sold Price $320,000
Property Type Commercial
Sub Type Office(s),Service,Retail,Special Purpose,Wholesale
Listing Status Sold
Purchase Type For Sale
Square Footage 3,820 sqft
Price per Sqft $83
MLS Listing ID 1875357
Sold Date 09/30/24
Year Built 1925
Annual Tax Amount $4,648
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Office(s),Service,Retail,Special Purpose,Wholesale
Property Description
9.51 % Cap rate! 3820 sq ft freestanding multi-tenant office/retail building. Excellent frontage in Tosa's North Ave Business District. Perfect for small businesses seeking affordable office/retail space in this desirable area with a traffic count of 13,200 vehicles per day per WISDOT 8/7/23. Vacancy rates are very low because you don't have to rely on just one tenant! There are 10 office/retail/storage units of various sizes, a shared lobby with a waiting area & 2 convenient bathrooms. Gross rents currently $3,644/month with built-in annual lease increases. Back flat roof just replaced May 2024!
Location
State WI
County Milwaukee
Zoning Comm
Rooms
Basement None / Slab
Interior
Heating Natural Gas
Cooling Central Air, Forced Air
Exterior
Exterior Feature Partial-Wood, Vinyl
Roof Type Composition/Fiberglass,Rubber/Membrane
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
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Bought with First Weber Inc - Delafield
NEARBY SCHOOLS & BUSINESSES
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