404 Main AveWheeler, WI 54772

For Sale
$150,000

Historic Downtown Wheeler Commercial Property

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 1,980 square foot commercial building located at 404 Main Avenue in Wheeler, Wisconsin. The property boasts a rich history, having served as a post office for over 40 years, with a current lease in place until 2028, generating a monthly income of $625. The lease includes options to extend the agreement until 2038, providing long-term financial stability. Adding to the income stream is a charming one-bedroom, one-bathroom apartment situated at the rear of the building, currently rented for $350 per month. Recent improvements include the installation of new concrete steps and sidewalks, enhancing curb appeal and accessibility. The apartment features convenient rear parking. This unique property sits on a 0.14-acre lot and is offered at $150,000, presenting a compelling blend of historical significance, consistent rental income, and future growth potential. The combination of a long-term, stable post office lease and a separately rented apartment makes this a truly attractive investment opportunity in the heart of downtown Wheeler. Don't miss this chance to acquire a piece of Wheeler's history and secure a promising financial future.

Property Details for 404 Main Ave

Property type
Other commercial real estate
Square Feet
1,980 SF
Year Built
1938
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Wheeler
County
DUNN
State
Wisconsin
Latitude
45.04422
Longitude
-91.90924
404 Main Ave, Wheeler, Wisconsin

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404 Main Ave
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