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570 10th Ave

4,000 SF 100% Leased Retail Building Baldwin, WI 54002 £433,950 (£108/SF) 9.03% Net Initial Yield

Investment Highlights

  • New Steel Roof and Siding
  • Easy to Manage
  • Renovated Units

Executive Summary

Mixed use building - residential and commercial with solid, long-term Snap Fitness tenant and residential units. (1) one-bedroom, (2) 2 bedroom units. Rear parking lot of restaurant next door included in the sale (Separate PID and currently rented). All 3 residential units have been fully renovated with new floor, kitchens, appliances, wall A/C units and updated bathrooms. New A/C unit for Snap Fitness. Snap Fitness was renovated in 2016. New steel roof install in 2024. Tenants pay gas and electric. Owner pays water/sewer, trash and snow removal. Plenty of off-street parking in parking lot. Current Cap Rate of 9.03%
The property includes 2 different parcel numbers.

Attachments

Baldwin Snap Flyer 10.26

Data Room Click Here to Access

  • Offering Memorandum
  • Operating and Financials

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
C
Year Built
1950
Price
£433,950
Price Per SF
£108
Net Initial Yield
9.03%
NOI
£39,186
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.20
Land Acres
0.47 AC
Zoning
Commercial
Frontage
109 ft on 10th Avenue

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning
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PROPERTY TAXES

Parcel Number 106-1046-40-010 Improvements Assessment £0
Land Assessment £7,022 Total Assessment £7,022

PROPERTY TAXES

Parcel Number
106-1046-40-010
Land Assessment
£7,022
Improvements Assessment
£0
Total Assessment
£7,022
(715) 892-4596

  • Listing ID: 29090251

  • Date on Market: 24/07/2023

  • Last Updated:

  • Address: 570 10th Ave, Baldwin, WI 54002

The Retail Property at 570 10th Ave, Baldwin, WI 54002 is currently available For Sale. Contact BRIX Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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570 10th Ave
(715) 892-4596 x

570 10th Ave

Bryon Andrews

(715) 892-4596

(715) 892-4596

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