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Listed by Andrew Martin • Coldwell Banker Commercial~Brenizer
$900,000
Est. payment /mo
8,500 SqFt
Active
2502 Broadway Street South Menomonie, WI 54751
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UPDATED:
12/06/2024 05:27 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $105
MLS Listing ID 1587698
HOA Y/N No
Abv Grd Liv Area 8,500
Annual Tax Amount $12,329
Tax Year 2023
Lot Size 2.270 Acres
Acres 2.27
Property Description
For the right user, this is a phenomenal entry point into the Menomonie market for a veterinarian practice or commercial investment asset.
As a custom-designed vet hospital, the layout is set for a full-service vet with both small and large animal facilities onsite. Plenty of land to expand the operation or diversify into ancillary services on the 2+ acres of land that comes with this sale. Located on the south side of town, access to large farm clients in rural western WI is excellent. Directing customers to the location is also a breeze with frontage on Hwy 25.
As an investment asset, this property has a layout easy to separate into three available suites for tenancy. Potential suites range in size options including 750 sf up to 2,900 sf. with a total rentable square footage of approximately 8400 sf. That puts the proforma CAP rate above 9% at market rates, and that’s before you take into account the extra ACRE of Commercial Land that comes with this purchase.
As a custom-designed vet hospital, the layout is set for a full-service vet with both small and large animal facilities onsite. Plenty of land to expand the operation or diversify into ancillary services on the 2+ acres of land that comes with this sale. Located on the south side of town, access to large farm clients in rural western WI is excellent. Directing customers to the location is also a breeze with frontage on Hwy 25.
As an investment asset, this property has a layout easy to separate into three available suites for tenancy. Potential suites range in size options including 750 sf up to 2,900 sf. with a total rentable square footage of approximately 8400 sf. That puts the proforma CAP rate above 9% at market rates, and that’s before you take into account the extra ACRE of Commercial Land that comes with this purchase.
Location
State WI
County Dunn
Area 15 - Menomonie Schl/City
Rooms
Basement None
Interior
Heating Forced Air, Zoned
Cooling Central Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Menomonie Area
Others
Tax ID 1725122813353400025
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Brad Bemowski
Realtor® and Licensed Real Estate Broker | License ID: WI 60132-90, MN 40900158