For Sale: Frederic MLS# 6815117
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Property Description
**Multi-Use Commercial Property in Frederic – Prime Location with Tons of Potential**
Located on nearly 1/2 acre in the Village of Frederic, this versatile property offers a fantastic opportunity for investors or business owners seeking a combination of commercial and residential space. Situated with easy access and prominent frontage on State Road 35, the property is fully leased and includes the following features:
- **Two Apartments:** Generating rental income, the property features two residential apartments:
- *Upstairs Two-Bedroom, One-Bath Apartment*
- *Three-Bedroom, 1, 500 sq.ft. Apartment with One Bath*
- **Office Space:** An 1, 100 sq.ft. office suite includes multiple private offices and a conference room, ideal for professional or business use.
This property offers flexibility for continued rental income or potential redevelopment. Its prime location, close proximity to major roads, and diverse use options make it an excellent investment opportunity. Don't miss the chance to own fully leased, multi-faceted property in the heart of Frederic!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,500
Property Type:
Commercial
City:
Frederic
Garage Spaces:
1
County:
Polk
Year Built:
1950
State:
WI
Property Style:
2 Stories
Zip Code:
54837
Subdivision Name:
Industrial Sub
Interior
Bedrooms:
9
Bathrooms:
3
Flooring:
Carpet, Luxury Vinyl Plank, See Remarks, Tile
Refrigerators:
Two
Appliances Included:
- Dishwasher
- Dryer
- Electric Water Heater
- Exhaust Fan
- Range
- Refrigerator
- Washer
Basement Details:
- Block
- Full
- Shared Access
- Storage Space
- Unfinished
- Walkout
Exterior
Stories:
Two
Garage Spaces:
1
Air Conditioning:
Central Air
Foundation Size:
2,400 ft2
Foundation Dimensions:
40 x 60
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Tuckunder Garage
Unit Amenities:
- Deck
- Ethernet Wired
- Hardwood Floors
- Security System
- Washer/Dryer Hookup
Road Frontage:
State Road
Exterior Material:
- Block
- Frame
Roof Details:
- Age 8 Years or Less
- Metal
- Pitched
Lot & Land
Acres:
0.44
Geolocation:
45.65355, -92.466552
Inclusions:
Building, Business, Land, Leases
Lot Dimensions:
0 x 0 x 0 x 0
Zoning:
Business/Commercial
Lot Description:
- Cleared
- Corner Lot
- Irregular Lot
Schools
School District:
936
District Phone:
7153275630
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,813
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,813
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Professional/Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Northwestern Wisconsin Electric
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Cornerstone.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.