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1006 Superior Avenue, Tomah, WI 54660 $395,000

Superior location!

J&R Variety Store is in the heart of thriving Tomah on just under 1/4 acre at 1006 Superior Ave.  Superior Ave is Tomah’s main street and becomes State Hwy 131 on the south and Hwy 12 on the north.  PARKING IS NOT AN ISSUE!  There is a HUGE paved public parking lot behind which is maintained by the city complete with snow removal!  The store covers 10,000 square feet+/- on the main level and is well heated by 2 overhead furnaces new in 2019.  There is central air.  There is a good basement under about 80% that is dry with tall ceilings.  Upstairs are 2 large 2 bedroom apartments which are rented under market at $450/each.  All electric including baseboard heat are paid by renters.  There is enough area to add a large studio and 2 other apartments upstairs as well.  The owner of 20 years just never wanted to become a landlord and has done well with the store.  Everything has been well maintained and the business is a solid fixture of downtown Tomah. It is priced 3 ways: 1) the building itself is $395,000 (add $10,000 for shelving and display fixtures).  2) $420,000 for the building, shelving and J&R Variety name.  3) $475,000 for the works including many, many, many 10’s of thousands of dollars of inventory.

 

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