1951 8TH STREET SOUTH Active Save Request In-Person Tour Request Virtual Tour
Wisconsin Rapids,WI 54494
Key Details
Property Type Commercial
Sub Type Restaurant,Tavern/Bar,Retail,Restaurant/Supper Club,Office(s),Grocery,Mixed use,Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,439 sqft
Price per Sqft $121
MLS Listing ID 22401505
Year Built 1976
Annual Tax Amount $9,885
Tax Year 2023
Lot Size 0.810 Acres
Acres 0.81
Property Description
Great investment property! **SELLER FINANCING AVAILABLE AT 6.0% INTEREST RATE!** 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 was recently rented for $3,425/month on a 5 year lease term with 3% annual increase. 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.
Location
State WI
County Wood
Interior
Heating Natural Gas
Cooling Forced Air,Central Air
Exterior
Exterior Feature Brick,Brick/Stone,Stucco
Utilities Available Separate Meter
Waterfront N
Roof Type Composition/Fiberglass
Building
Sewer Municipal Water
New Construction N