5541 State Highway 10 East, Stevens Point, WI 54482
0 Acres
$1,130,000
Sold

5541 State Highway 10 East, Stevens Point, WI 54482

$1,130,000

$1,130,000

Features

  • Commercial/Industrial
  • Status: Sold
  • Est. Year Built: 1995
  • Estimated Age: 21+ Years
  • Estimated Square Feet: 5001 or more
  • Square Feet: 7955
  • Est. Acreage: >= 1/2
  • Est. Lot Size: 50000+
  • County: Portage
  • MLS#: 22200538
  • Listing Company: Keller Williams Stevens Point
  • Price/SqFt: $150
  • Zip Code: 54482

Property Description

5541 State Highway 10 East, Stevens Point, WI 54482 - Phenomenal Investment Opportunity With Long Term Leases Already In Place! Noi Of $90,123, Equating To A 7.5% Cap Rate! High Visibility, Easy Access, State Highway 10 Location, With Daily Traffic Counts Of 26,000+. High Quality, Commercial Grade Construction, Featuring Concrete Free Span Floor System. Impeccably Maintained! Building Currently At 100% Rental Capacity With Two Long Term Tenants. Building Is Currently Condo Minimized Into Three Units. Tenant 1 Is A Dental Center With A Nnn Lease For Units 1 & 2( All Main Of Main Floor And Partial Lower Level)until September 2nd 2030, With (2) Five Year Options Available At Maturity. Tenant 2 Is A Counseling Center With A Gross Lease For Unit 3(partial Lower Level) Maturing June 30th, 2023- This Tenant Has Been In Place For 25 Years.,high Quality Professional Office Environment. Main Floor(unit 1- Tenant 1) Designed For Facilitation Of Modern Dental Center With Multiple Exam Rooms(plumbed For Water And Nitrous Oxide), Consultation Room, Waiting And Greeting Area,, Sterilization Station, Two Public Restrooms, Staff Restroom, And Private Office And Bathroom, For A Total Of 3908sf. Unit 2, Also Leased By Tenant 1, Consists Of A Breakroom, Laundry/Changing Room, Raw Storage, And Mechanical Rooms, For A Total Of 1715sf. Unit 3 Has Dual Entry, And Consists Of A Lobby/Greeting Area, Six Offices, And Storage, For A Total Of 2332sf. Building Is Ada Compliant. All Dental Related Equipment And Personal Property Not Included With Sale. Parking Lot Offers 34 Parking Spaces And Was Resealed In 2020. New Roof Shingles Installed In 2017. This Incredible Property Provides The New Investor With Years And Years Of Great Operating Income. Call Today For A Private Showing!

  • Additional features

    Interior Features

    • Heating/Cooling: Central Air, Forced Air Natural Gas
    • Water Waste: Municipal Sewer
    • Misc Interior: Smoke Alarm

    Building and Construction

    • Roof: Composition/Fiberglass, Shingle
    • Construction Type: E

    Land Features

    • Waterfront/Access: N
    • Lot Description: 50000+
  • Property History
    MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
    22200538 Sold Active May 25 2022 12:00AM $1,130,000 49
    22200538 Sold Active May 25 2022 12:00AM $1,130,000 49
    22200538 Active Feb 16 2022 4:09PM $1,200,000 49

Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

Home Valuation Report