REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 200,000
Est. payment /mo
New
3242 CTH C Medford, WI 54451
4,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business Opportunity w/RE
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $41
MLS Listing ID 22605189
Year Built 2005
Annual Tax Amount $1,674
Tax Year 2025
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Business Opportunity w/RE
Property Description
EXISTING INCOME, UNTAPPED POTENTIAL AND ROOM TO EXPAND! Here's an opportunity for investors looking for an established income-producing property with the added advantage of future growth potential! Situated on a spacious 2-acre parcel along a county road, this 24-unit mini-storage facility offers a combination of existing rental income, available storage capacity and land for possible future expansion. Constructed in 2005, the approximately 4,800 sq. ft. building features durable steel siding, a steel roof and wood-stud construction. The facility includes three 10'x10' units currently renting for $45/month, eighteen 10'x20' units at $70/month and three 10'x30' units at $90/month. An especially appealing feature is the flexibility of the interior layout. Movable partition walls allow unit depths to be adjusted to meet customer needs and changing market demand. Construction details include insulation designed to minimize condensation on interior walls, concrete floors and raised perimeter curbing designed to help prevent surface water from entering the units. Individual overhead doors provide convenient access, while the gravel approach offers room for maneuvering vehicles and trailers. Electric is available at the lot line should a future owner wish to explore additional improvements. Now let's talk potential! The facility is currently approximately 65% occupied despite having had no advertising or marketing efforts over the past two years. With existing tenants already generating income, the vacant units present an opportunity to increase revenue through renewed marketing and increased occupancy. At the current rental rates, full occupancy represents $19,980 in potential annual gross rental income before expenses and vacancies. And there's more! With 2 acres of land, the property offers room to explore additional storage buildings or other complementary uses, subject to zoning and applicable approvals. Rather than starting from scratch, a new owner has the opportunity to build upon an established business while considering future expansion. Whether you're a seasoned investor seeking to diversify your holdings or looking to enter the mini-storage business, this property offers a compelling combination of existing income, adaptable storage space and room for growth. The foundation is already here. The next chapter is yours to write!
Location
State WI
County Taylor County
Area Medford
Rooms
Basement None
Exterior
Roof Type Metal
Building
Story 1
Level or Stories 1
Others
Tax ID 014003420003
Listed by RE/MAX PROPERTY PROS