Osceola Commercial Property

$1,175,000

10,500 sq ft  •  0.28 acres
105 3rd Avenue
Osceola, WI 54020

Once in a lifetime opportunity to own this fire-proof built historic 20-unit building! once the hotel osceola, now a renovated market rate apartment complex. current average in place rents of $662 w/ huge potential to increase rents to market $775 per unit. steam boiler was replaced in 2009, half of the windows replaced in 2010. 12 of the 20 units have been renovated to market standards. two of the remaining eight apts. not renovated are going through a complete demo/renovation set to be completed before a potential closing in ealry spring. seller's motivation in selling is a 1031 tax exchange. see marketing packet for more details. new roof 2020 and parking lot resurfaced 2020

Listing Information

MLS#: 1538204

Status: Active

0.28 Acre Lot

10,500 sq. ft. Above Grade

Lot Size: 0 x 0

Polk County

School District: Osceola

Area: 21 - St.Croix And Pierce

Zoning: Commercial, Residential

Listed By: Mary Yacoub-raad from Keller Williams Realty Integrity/Hudson

Interior Features

Basement: Full

Cooling: Window Units

Foundation: Poured, Stone

Heating: Hot Water

Directions

Hwy 35 into Osceola NW corner of Main and 3rd.

Exterior Features

Water Service: Public

Sewer Service: Public Sewer

 

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