$840,000
$925,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
9832 PLAZA DR Minocqua, WI 54548
8 Baths
11,970 SqFt
Key Details
Sold Price $840,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 11,970 sqft
Price per Sqft $70
MLS Listing ID 193535
Sold Date 01/18/22
HOA Y/N No
Year Built 2008
Annual Tax Amount $8,845
Tax Year 2020
Lot Size 1.190 Acres
Acres 1.1899908
Lot Dimensions 265x194
Property Sub-Type Business
Property Description
Class A Commercial Strip Mall in Minocqua! Now Available for the first time ever. Hands-off Revenue Stream Opportunity. Superb Cap Rate. Built-in Manager. Low expenses. Excellent cash flow with gross annual rents around $120,000. Conveniently located next to Wal-Mart and Trigs off of Hwy 70 West. Consistently 100% occupancy. Current tenants: Papa Murphys, Edward Jones, H&R Block, Cricket Wireless, Kids Closet and Our Place. The nearly 12,000 sq ft building was constructed in 2008 and has been well managed and maintained. Originally permitted and constructed as a 10 unit building, currently designed/utilized as 6 units. The 1.18 Acre Business B-2 zoned parcel offers 52 blacktopped parking spaces, exceptional exposure and easy ingress/egress. Prime investment opportunity in a growing commercial area.
Location
State WI
County Oneida
Community Sidewalks
Direction From Downtown Minocqua: North on Hwy 51 to (L) on Hwy 70 to (R) on Blumenstein Rd to (L) on Plaza Dr to property on (R)
Interior
Interior Features Storage
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Mixed, Tile
Fireplace No
Exterior
Parking Features Paved, Private, Driveway
Community Features Sidewalks
Utilities Available Cable Available, High Speed Internet Connected, Phone Available
Water Access Desc Public
Roof Type Composition,Shingle
Street Surface Paved
Road Frontage Town Road
Building
Lot Description Level
Faces South
Story 1
Sewer Public Sewer
Water Public
Others
Tax ID MI-2155-6
Security Features Fire Alarm
Read Less
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Bought with REDMAN REALTY GROUP, LLC
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