236 2Nd StButternut, WI 54514

For Sale
$990,000

Highway 13 industrial warehouse, renovated.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a nearly 92,545-square-foot warehouse situated on an expansive 86.55-acre lot in Butternut, Wisconsin. Located on Highway 13, this property boasts significant recent upgrades, including a new roof, LED lighting, upgraded electrical systems, a new sprinkler system, and a new heating system. The warehouse features an 18-foot clear ceiling height, one dock-high door, and one loading dock. The property also includes approximately 3.5 acres of parking. Currently, 25% of the space is occupied, with the seller offering a leaseback option of 25,000 square feet at $2 per square foot for up to four years, providing immediate income potential. This presents a rare opportunity for owner-users or investors seeking a substantial industrial property with significant value-add potential in a prime location. The asking price is $990,000, translating to approximately $10.70 per square foot. Built in 1971 and extensively renovated in 2024, this warehouse offers a blend of established infrastructure and modern amenities. The property's size and location along Highway 13 make it an ideal choice for various industrial uses.

Highlights

  • $990,000 asking price for this 92,545 square foot industrial warehouse.
  • Located at 236 S 2nd Street, Butternut, WI 54514.
  • Features 18-foot ceilings, 1 dock-high door, and 1 drive-in door.
  • Sits on an 86.55-acre lot and includes 3.5 acres of parking.
  • Recently renovated in 2024, including new LED lighting, electrical upgrades, roofing, sprinkler system, and heating.
  • Currently 25% occupied, with seller offering a leaseback option.

Property Details for 236 2Nd St

Property type
Other warehouses, Other industrial properties
Square Feet
92,545 SF
Year Built/Renovated
1971/2024
Lot Size (sq. ft)
3,770,118 SF

Location Insight

City
Butternut
County
Ashland
State
Wisconsin
Latitude
46.0110363
Longitude
-90.4945022
236 2Nd St, Butternut, Wisconsin

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236 2Nd St
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