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Butternut Business Center 236 S 2nd St

92,545 SF 13% Leased Industrial Building Butternut, WI 54514 £776,566 (£8/SF)

Investment Highlights

  • Nearly 95,000 SF of Warehousing with renovated office space offered at approximately $10.70/SF.
  • Excellent owner/user property or investment Seller to leaseback 25,000 SF at $2/SF for up to 4 years.
  • Recent upgrades include new LED lighting, upgraded electrical, new roofing, new sprinkler system and new heating.
  • 18 foot clear height, 3 drive in doors, 1 dock high door, 3.5 acres of parking lot

Executive Summary

Discover the exceptional opportunity at 236 S 2nd St, Butternut, WI—a versatile industrial property that seamlessly blends functionality with modern amenities. Spanning approximately 92,545 square feet, this facility has been meticulously upgraded to meet contemporary business needs. Recent renovations include new LED lighting, upgraded electrical systems, new roofing, a state-of-the-art sprinkler system, and enhanced heating, ensuring a safe and efficient working environment. Strategically located along Wisconsin Highway 13, this property offers excellent connectivity for logistics and distribution. The 18-foot clear height, three drive-in doors, and one dock-high door provide ample flexibility for various industrial operations. Additionally, the property boasts a generous 3.5-acre parking lot, accommodating both employees and large vehicles with ease. The thriving business community in Butternut, coupled with the town’s supportive local business alliance, creates a conducive environment for growth and collaboration. Nearby, the natural beauty of Butternut Lake and the North Fork of the Flambeau River offers recreational opportunities, enhancing the quality of life for employees and attracting potential clients. For those considering long-term investment, the seller leaseback option provides a stable income stream, with the seller leasing back 25,000 square feet at $2.00 per square foot for up to four years. This property is not only a practical choice for industrial use but also a sound investment in a community poised for economic growth.

Property Facts

Price £776,566
Price Per SF £8
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Distribution
Building Class B
Lot Size 86.50 AC
Rentable Building Area 92,545 SF
Number of Floors 1
Year Built 1971
Parking Ratio 0.54/1,000 SF
Clear Ceiling Height 18 ft
No. Dock-High Doors/Loading 2
Level Access Doors 3

Amenities

  • Fenced Lot
  • Security System
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting
  • Gas - Natural
  • Water
  • Sewer - City
  • Heating - Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 1,000-20,000 SF
  • Industrial
  • Full Build-Out
  • 30 Days

Great Space! Built out for storage use! Has heating and air conditioning, loading docks (2) and grounded doors (2), as well as LED lighting! Looking for a minimum of 1 year Term!

  • 1st Floor
  • 1,000-30,000 SF
  • Industrial
  • Full Build-Out
  • Now

Great Space! Built out for storage use! Has heating and air conditioning, loading docks (2) and grounded doors (2), as well as LED lighting! Looking for a minimum of 1 year Term!

  • 1st Fl-Ste 1-2 and 3
  • 180 SF
  • Office
  • Full Build-Out
  • Now

Three 180-SF offices for $185 per month per month.

Space Size Space Use Condition Available
1st Floor 1,000-20,000 SF Industrial Full Build-Out 30 Days
1st Floor 1,000-30,000 SF Industrial Full Build-Out Now
1st Fl-Ste 1-2 and 3 180 SF Office Full Build-Out Now

1st Floor

Size
1,000-20,000 SF
Space Use
Industrial
Condition
Full Build-Out
Available
30 Days

1st Floor

Size
1,000-30,000 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl-Ste 1-2 and 3

Size
180 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 1,000-20,000 SF
Space Use Industrial
Condition Full Build-Out
Available 30 Days

Great Space! Built out for storage use! Has heating and air conditioning, loading docks (2) and grounded doors (2), as well as LED lighting! Looking for a minimum of 1 year Term!

1st Floor

Size 1,000-30,000 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Great Space! Built out for storage use! Has heating and air conditioning, loading docks (2) and grounded doors (2), as well as LED lighting! Looking for a minimum of 1 year Term!

1st Fl-Ste 1-2 and 3

Size 180 SF
Space Use Office
Condition Full Build-Out
Available Now

Three 180-SF offices for $185 per month per month.

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Minneapolis
425,403
201
4 h 35 m
Milwaukee
592,025
296
6 h 3 m
Chicago
2,705,994
391
7 h 35 m
Indianapolis
867,125
570
11 h 5 m
Omaha
468,262
583
11 h 33 m
Detroit
672,662
625
12 h 24 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
6,436
Total Labor Force
3,085
Unemployment Rate
2.82%
Median Household Income
$53,167
Warehouse Employees
905
High School Education Or Higher
93.00%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
106-00114-0000
Land Assessment
£9,099
Improvements Assessment
£55,458
Total Assessment
£64,557

zoning

Zoning Code CM (Commercial Manufacturing)
CM (Commercial Manufacturing)
  • Listing ID: 31448354

  • Date on Market: 08/04/2024

  • Last Updated:

  • Address: 236 S 2nd St, Butternut, WI 54514

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