Courtesy: ALTUS Commercial Real Estate, Inc.
608-338-1101
Mixed use investment opportunity in the heart of downtown Albany, Wisconsin. This well maintained and extensively updated building features two income producing units in a highly desirable location along the Sugar River. The commercial space is occupied by an established hemp shop under a long-term 5 year lease, providing stable rental income. The second unit is a fully furnished 2 bedroom, 2 bath Airbnb overlooking the Sugar River and Albany Dam, offering guests stunning water views and a unique destination experience. The residential unit includes in unit laundry and is being offered fully furnished for a seamless transition to new ownership. The property has benefited from numerous capital improvements, including new floor joists and support beams throughout the building, extensive exterior tuckpointing, and separate central forced air HVAC systems for each unit. Additional features include a full basement with approximately 10.5' ceilings and walkout access to the river.
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Albany is located in Wisconsin. Albany, Wisconsin has a population of 1,032. Albany is more family-centric than the surrounding county with 44.44% of the households containing married families with children. The county average for households married with children is 28.42%.
The median household income in Albany, Wisconsin is $63,081. The median household income for the surrounding county is $70,267 compared to the national median of $69,021. The median age of people living in Albany is 37.8 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 9.9 degrees. The average rainfall is approximately 36.7 inches per year, with 37.1 inches of snow per year.
