7860 US Highway 2 Iron River, WI ^$ 439,900

7860 US Highway 2

^$ 439,900

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7860 US Highway 2

Iron River, WI, 54847

^$ 439,900

Studio Baths0.0 Sq 4,226

Monthly Estimate*

^$ 3,073

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Studio

Commercial Property for sale in Iron River, WI

for $439,900. This 4,226 square foot building was built in 1992 on a lot size of 1.22.

Well maintained mixed-use commercial property that includes two office spaces, a garage bay, warehouse/storage space and a 1 bedroom, 1 bathroom apartment. Replacement cost estimated at $800,000 by insurer. Nearly 120' of frontage on US Hwy 2, near banks, restaurants, convenience stores, lodging andother commercial properties, over 145' of frontage on the Tri-County Corridor recreational trail.

Commercial Active

Price

^$ 439,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,231

Style

Warehouse

Lot Size

1.22

Year Built

1992

Town/City

Iron River

County/Region

Bayfield

MLS | Web ID

6489581

Features

General

Sewer City Sewer/Connected

Heating Hot Water Steam

Utilities Heating Separate

Roof Age Over 8 Years Composition

Garage Spaces 0

Construction Materials Aluminum Siding Brick/Stone Other

Year Built 1992

Topography Level

Levels One

Property SubType Warehouse

Tax Year 2023

Current Use Commercial Office Storage Facility Warehouse

Accessibility None

County Bayfield

Property Type Commercial Sale

Contingency None

Directions From Duluth: East on US Hwy 2 property on north side of hwy across from bank

City Iron River

Buyer Agent Compensation 2.70

High School District Maple

Zoning Description Business/Commercial

Total Units 5

Street Name US Highway 2

Land Lease Y/N N

Tax Annual Amount 5231

Additional Parcels Y/N N

Days on Market 2

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement None

Basement (Y/N) N

Ceiling Height 8-10

Fuel Natural Gas

Exterior

Parking Features Paved

Water Source City Water/Connected

Inclusions Building

Lot Size Area 1.22

Building Area Total 4226

Lot Dimensions Acreage

Lot Size Units Acres

Foundation Area 4226

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 7860

* Excluded Features

List By

Keller Williams Premier Realty Lake Minnetonka

Broker

chad.olson@kw.com

Affordability Calculator

$3,509

Per Month

Monthly Principal & Interest: $3,073
Monthly Property Taxes: $436
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Iron River, WI

Average List Price ^$924,780

Percent of Sale Price 110%

About Iron River, WI

598 Population

11% Since 2002

^$50,263 Median Income

54.2 Median Age

15% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048290 Elementary School

3048537 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/15/2024	$439,900		Listed Price

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7860 US Highway 2, Iron River, WI, 54847 is a Commercial Property for sale at $439,900 with 4,226 sqft and a lot size of 1.22. 7860 US Highway 2 is a studio with 0.0 baths and was built in 1992. The property's zip code is 54847 which is in Iron River, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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7860 US Highway 2

Commercial Property for sale in Iron River, WI

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