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1571 US Highway 51 N 10,580 SF Retail Building Arbor Vitae, WI 54568 $2,329,697 CAD ($220.20 CAD/SF)
Investment Highlights
- Income Producing Opportunity on HWY 51 in Arbor Vitae.
- Extremely well maintained and updated building.
- Class A Commercial Leases on 4 suites.
Executive Summary
Income producing opportunity on US Hwy 51, just North of Minocqua, Wisconsin. 4 suite commercial property now available for the first time. The 10,580 sq ft building was originally constructed in 2008 and extremely well maintained and updated. Building has always been fully leased. Class A Commercial Leases. 2026 Gross Rents total $121,223. Lease agreements and P&L Statements on file. Property offers high visibility and easy / direct access on Hwy 51, with an average daily traffic count of 9,300. The building features 2 overhead delivery doors. Significant area of blacktopped parking, as well as a 2 car detached garage. Suite A is 2,720 sq ft, Suite B is 2,430 sq ft, Suite C is 2,925 sq ft, and Suite D is 2,525 sq ft. Neighboring business uses are retail and service providers. Located nearby the Lakeland Airport, schools, hospitals, commerce and gas stations.
Property Facts
Sale Type
Investment
Property Type
Building Size
10,580 SF
Building Class
C
Year Built
2002
Price
$2,329,697 CAD
Price Per SF
$220.20 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.13 AC
Zoning
General Business
Parking
20 Spaces (1.89 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2-982-07 | Improvements Assessment | $666,156 CAD |
| Land Assessment | $118,678 CAD | Total Assessment | $784,834 CAD |
Property Taxes
Parcel Number
2-982-07
Land Assessment
$118,678 CAD
Improvements Assessment
$666,156 CAD
Total Assessment
$784,834 CAD
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1571 US Highway 51 N
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