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Former wood product manufacturing facility in Owen


Building owner Marvin Matejka. Central Wisconsin location, Owen, WI, Interstate Highway 29, 53 miles east of Eau Claire, 130 miles east of St Paul, MN, 47 miles west of Wausau. Owen is the junction of the north/south and east/west rail lines in the State of Wisconsin.

Former wood product manufacturing facility in Owen, WI. The building was formerly a furniture manufacturing facility, but could easily be converted to suit many possibilities. This property is also located in a TIF district. Elaborate Dust Collection System, Lumber Drying Kilns, Lumber Drying Shed, Updated Boiler, Scrap Gutter with belt, 4500 AMP Power System, Office Area, Railroad Access (crossroads for N/S and E/W lines in State of WI), Loading Dock, 20ft highest clearance to ceiling, 12ft lowest clearance, Sprinkler System throughout

Possible uses for this property:

* Investment property
* Manufacturing
* Additional development on the 24 acres
* Distribution warehouse for one or several companies
* General commercial storage
* Site for the largest indoor/outdoor flea market in Wisconsin.

Comparing this site to Milwaukee’s 7 Mile fair @$1.00/sq ft per month, this property would generate indoor income of $888,000 when filled. Then add the outside income. In addition, 7 Mile fair charges a $2.00 per person gate admission. This site is centrally located in Wisconsin and is near 4 lane Highway 29.
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Real Estate taxes: $8,700.00

Replacement cost without land at $60 per sq ft: $4,440,000.00

Roof condition: 80% re-roofed in the past 5 years, 4,000 sq ft needs repair.

Environmental:

All underground tanks have been removed. There are no outstanding DNR cleanup orders. There is asbestos on the old boiler. Seller will remove asbestos. Seller will pay 50% of phase 1 cost. If buyer desires any Phase 2 work, it will be at the buyers expense. The previous custodian of 18 years is available for consultation.
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The Owen area has a large group of ready work force driving 40 miles to other areas for work. Mayor Tim Swiggum says people would line the streets for a chance at $10/hr jobs.

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