1309 Tower Ave - Restaurant FOR SALE


Superior, WI 54880 | 
$399,900 USD
1309 Tower Ave, Superior, WI for Sale
$399,900 USD
Restaurant - FOR SALE
1/30
null | Request Cap Rate

1309 Tower Ave
Superior, WI 54880


HIGHLIGHTS

  • Downtown location with an estimated 8,000 vehicles passing daily.
  • New 800-amp electrical system with panels installed throughout.
  • Elevator shaft prepared for future equipment installation.
  • Front parking plus access to additional city parking at the rear.
  • Structural upgrades include a front I-beam and center support posts.
  • Four furnaces and a 6-inch water line already installed.

OVERVIEW

his downtown Superior property presents an opportunity for an owner-user, developer, or investor to acquire a commercial asset with significant infrastructure improvements already completed. Offering approximately 13,850 square feet of finishable space, the building provides flexibility for a variety of commercial uses, including retail, office, service-oriented businesses, or a mixed-use redevelopment concept. Positioned in the heart of Downtown Superior, the property benefits from strong visibility along a well-traveled corridor with an estimated 8,000 vehicles passing daily. Its central location places future occupants within an established commercial district, supporting customer access, business exposure, and long-term redevelopment potential. The combination of downtown positioning and adaptable interior space creates an opportunity to tailor the property to a wide range of operational or investment objectives. Substantial capital improvements have already been completed, reducing the time and expense often associated with redevelopment projects. The property features a new 800-amp electrical system with panels installed throughout the building, a 6-inch water line, four furnaces, a prepared elevator shaft ready for equipment installation, and structural enhancements including a front I-beam and center support posts. On-site front parking and access to a city parking lot at the rear further enhance accessibility for customers, employees, and tenants. With major infrastructure work already in place and state-approved plans completed, this property offers a head start for buyers seeking to accelerate development timelines and bring a commercial vision to life in a prominent downtown location.

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Elbo Room

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

C4

APN/PARCEL ID

06-806-00522-00

ASK ABOUT THIS PROPERTY

Mike RaivalaRE/MAX ResultsMore Info

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Mike RaivalaRE/MAX ResultsMore Info

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