Multi-Suite Office
1571 HWY 51 Woodruff, WI 54568
1571 HWY 51, Woodruff, WI, 54568
$1,700,000
For Sale
$1,700,000
COMMERCIAL - Woodruff, WI
Property Size10,580 SF
Lot Size1.14 Acres
Price / SF$160.68
Days on Market98
Property Features for 1571 HWY 51
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 5, Bathroom 3
- Parking features
- Garage, Driveway
- Interior features
- Storage
- Standard status
- Active
- APN
- 2-982-07
- Lot size
- 1.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PRT GOVT LOT 1
- Tax Annual Amount
- 6457
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl, Concrete, Carpet
- Building materials
- Cedar, Frame, MetalSiding
- Roof type
- Metal
- Additional Structures
- Outbuilding, Storage
Listing agency
REDMAN REALTY GROUP, LLC
(715) 358-0450
Listed by
ADAM REDMAN · License #56355 - 90
(715) 892-7325
Added: Apr 17 Updated: Jul 9 at 3:49AM Checked: Jul 23 at 6:06AM
MLS# 216523
Copyright © 2026 Greater Northwoods MLS. 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.
A 10,580-square-foot, four-suite office property originally constructed in 2008 and described as well maintained and updated. The building has been fully leased, with Class A commercial leases and lease agreements plus P&L statements available. Revenue for 2026 is reported as $121,223 gross rents. Two overhead delivery doors support loading needs, and the property includes a significant area of blacktopped parking along with a 2-car detached garage.
The property is positioned for high visibility and easy, direct access along US Highway 51 with an average daily traffic count of 9,300. Suite A is 2,720 square feet, Suite B is 2,430 square feet, Suite C is 2,925 square feet, and Suite D is 2,525 square feet. Neighboring uses are retail and service providers, and the site is located near Lakeland Airport, schools, hospitals, commerce, and gas stations.
The property is positioned for high visibility and easy, direct access along US Highway 51 with an average daily traffic count of 9,300. Suite A is 2,720 square feet, Suite B is 2,430 square feet, Suite C is 2,925 square feet, and Suite D is 2,525 square feet. Neighboring uses are retail and service providers, and the site is located near Lakeland Airport, schools, hospitals, commerce, and gas stations.
Key Highlights
- 4‑suite commercial building on US Hwy 51, just north of Minocqua, WI
- 10,580 sq ft building with Class A commercial leases and has always been fully leased
- 2026 gross rents total $121,223 (lease agreements and P&L statements on file)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.7k | $15.00 |
| − Vacancy | −$38.1k | −$3.60 |
| EGI | $120.6k | $11.40 |
| − OpEx | −$30.2k | −$2.85 |
| NOI | $90.5k | $8.55 |
10,580 SF · lease $15.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,459 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$4.95M
$4.33M – $5.78M
NOI $346,635 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Four fully leased office suites with overhead delivery doors and blacktop parking off US Highway 51.
Where is this office units located?
The property is located at 1571 HWY 51 Woodruff, WI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4‑suite commercial building on US Hwy 51, just north of Minocqua, WI; 10,580 sq ft building with Class A commercial leases and has always been fully leased; 2026 gross rents total $121,223 (lease agreements and P&L statements on file)
