8 Unit Investment Rental Property

1012 - 1016 1st Center Brodhead, WI 53520

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FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$150,000
Last Verified:
May 11, 2017

Highlights

  • Mix of commercial/office & apartments
  • Well kept building
  • Each apartment unit separately metered
  • Main Street of Brodhead

Description

Two well kept historic buildings being sold together that is a mix of commercial/office space with retail window fronts and additional apartments above. Great income opportunity for owner / occupant situation. Commercial spaces have shared bathroom, apartments are separately metered and tenants pay their utilities.

Two well kept historic buildings that are a mix of commercial retail/office space with retail window fronts and additional apartments above. 1st floor is mostly large open space that can be used for either street retail or street office space. Conveniently located in downtown Broadhead with street parking available. Commercial spaces have shared bathroom. Buildings are also for sale.

Located on the main street in Brodhead known as 1st Center Ave or Cnty Hwy 11.


Year Built: 1890
Building Size: 5804.0sq ft
Lot Size: 0.15 acres

Units for Lease

1012 Ste A
Lease Type: Gross
Price Per Sqft/Year: $7.05
1012 Ste B
Lease Type: Gross
Price Per Sqft/Year: $5.49

Map of 1012 - 1016 1st Center, Brodhead, WI, 53520

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.