Live-Work Property with
For Sale
$699,900
1210 Mansfield Street, Chippewa Falls, WI 54729
CommercialSale, Chippewa Falls, WI
Property Size3,704 SF
Lot Size3.47 Acres
Price / SF$188.96
Days on Market17
Property Features for 1210 Mansfield Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Residential, Residential-Multifamily
Rooms
Basement
Interior features
Storage
Elementary school district
Chippewa Falls Area Unified
Middle school district
Chippewa Falls Area Unified
High school district
Chippewa Falls Area Unified
Directions
Get on US-53 N in Altoona, Follow US-53 N to US-53 ALT/WI-29 BUS E in Chippewa Falls. Take exit 96 from US-53 N, Continue on US-53 ALT/WI-29 BUS E. Drive to Mansfield St, 1210 Mansfield St, Chippewa Falls, WI 54729
Standard status
Active
APN
22809-0113-07500000
Size
3,704 SF
Lot size
3.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
855/537 402/001 ACRES: 3.470 SEC 01, T 28 N, R 09 W, SW 1/4 of NE 1/4 SW NE THE W 279.5' OF THE E 724.5' OF THE S 1/2 EX CITY STREET (CHRISTENSEN FLORAL)
Tax Annual Amount
5560
Legal Description
855/537 402/001 ACRES: 3.470 SEC 01, T 28 N, R 09 W, SW 1/4 of NE 1/4 SW NE THE W 279.5' OF THE E 724.5' OF THE S 1/2 EX CITY STREET (CHRISTENSEN FLORAL)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Flooring type
Carpet
Building materials
VinylSiding
Additional Structures
Storage
Listing Agency:
Elite Realty Group, LLC
(715) 830-1001
Listed By:
Mary Rufledt · License #55432-90
(715) 830-1001
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 30 at 1:06AM
MLS# 1604227
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,704-square-foot live-work property includes a lobby, florist/workstation area, three offices, two storage rooms, a break area, full and half baths, a chemical room, and a full basement. The building was constructed in 1992 with vinyl siding, carpet flooring, forced-air heat, central air, public water, and public sewer. The prior greenhouse improvements are slated for removal, leaving a 3.47-acre site for future planning.
Located at 1210 Mansfield Street in Chippewa Falls, the property is in the West Hill area near schools, parks, and downtown. A residential or multi-unit concept is being explored, although residential use would require conditional use approval from the City of Chippewa Falls. Zoning, permitted uses, approval requirements, and redevelopment options should be verified with the city.
Located at 1210 Mansfield Street in Chippewa Falls, the property is in the West Hill area near schools, parks, and downtown. A residential or multi-unit concept is being explored, although residential use would require conditional use approval from the City of Chippewa Falls. Zoning, permitted uses, approval requirements, and redevelopment options should be verified with the city.
Key Highlights
- 3.47‑acre property at 1210 Mansfield Street, Chippewa Falls, WI 54729
- 3,704‑square‑foot commercial building constructed in 1992
- Interior includes three offices, two storage rooms, break area, full and half baths, and a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,060
$750.1K
Cap Rate 7%
$535,757
$535.8K
Cap Rate 9%
$416,700
$416.7K
Market Conditions
NOI Build-Up for 3,704 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.7K $18.00/SF
− Vacancy
−$6.7K −$1.80/SF
EGI
$60.0K $16.20/SF
− OpEx
−$22.5K −$6.07/SF
NOI
$37.5K $10.13/SF
Area
Chippewa County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,060
Cap Rate 7%
$535,757
Cap Rate 9%
$416,700
Alternative Uses
Best Use
Mixed Use
$535.8K
$468.8K – $625.1K
NOI $37,503 @ 7.0% cap · market cap 5.36%
Second Best
Office B
$528.9K
$462.8K – $617.0K
NOI $37,021 @ 7.0% cap · market cap 5.29%
Theoretical Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $143,944 @ 7.0% cap · market cap 20.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercial building with office, storage, bath, and basement areas suited to combined business and residential planning.
Where is this live-work space located?
The property is located at 1210 Mansfield Street Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3.47‑acre property at 1210 Mansfield Street, Chippewa Falls, WI 54729; 3,704‑square‑foot commercial building constructed in 1992; Interior includes three offices, two storage rooms, break area, full and half baths, and a full basement
