Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    240 W Grand Avenue Wisconsin Rapids, WI 54495

    View on Map
    Claim this Listing
    For Sale
    $540,000

    Commercial Sale, Other - Wisconsin Rapids, WI

    Property size:
    15,015 SF
    Lot size:
    0.80 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 17 at 9:06 pm

    Property Features for 240 W Grand Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    15,015 SF
    Lot size
    0.80 Acres

    Building Details

    Year built
    1925
    Architectural style
    Other

    We can help!

    Listing Contact
    JT Sachs

    Listing agent JT Sachs License #50906-94,PersonLicenseNumber

    Listing office NextHome Partners 480 E Grand Ave, WI

    Listing date Apr 3, 2026

    MLS# 22601274 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Downtown Retail/Office Building

    The Mead Witter Block, a two-story Gothic Revival building, has been a commercial real estate landmark in Wisconsin Rapids for 100 years. Located in a prime downtown location, it offers both retail and office spaces. The property has undergone continuous maintenance updates and has a history of long-term tenants. The property is offered as 4 different options. One of the options is 240 W. Grand Ave. (15,015 sq. ft.). Each option includes the main level retail space and the upper-level space directly above. The property is situated on a 0.8-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ZAXX Technology Specialists Electronics & Wireless Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wisconsin Rapids
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.8280408
    Latitude
    44.3933295

    Nearby Similar for Sale

    • $425,000
      7,100 SF

      Industrial Building in Wisconsin Rapids

      7100 SF industrial building with office, warehouse, and storage.
      600 25TH AVENUE NORTH, Wisconsin Rapids, WI 54495
      View Details
    • $415,000
      3,520 SF

      Established Bar with Outdoor Pavilion

      Turnkey bar with strong local following and outdoor pavilion.
      3140 LAKE AVENUE, Wisconsin Rapids, WI 54494
      View Details
    • $550,000

      Iconic Downtown Commercial Space

      Two-story Gothic Revival building in prime downtown location.
      210 W Grand Avenue, Wisconsin Rapids, WI 54495
      View Details
    • $656,470
      7,100 SF

      Established Machine Shop with Equipment

      Machine shop with equipment for sale in Wisconsin Rapids.
      600 25TH AVENUE NORTH, Wisconsin Rapids, WI 54495
      View Details
    • $275,000

      Iconic Downtown Commercial Space

      Two-story Gothic Revival building with retail and office space.
      264 W Grand Avenue, Wisconsin Rapids, WI 54495
      View Details
    • $399,000

      Versatile Commercial Building on 4.46 Acres

      5,565 sq ft commercial building with 3-bedroom apartment.
      7330 Plover Road, Wisconsin Rapids, WI 54494
      View Details
    • $169,900
      1,440 SF

      Move-in Ready Commercial Property

      High-visibility commercial property with flexible space and parking.
      1910 7TH STREET SOUTH, Wisconsin Rapids, WI 54494
      View Details
    • $225,000
      6,800 SF

      Versatile Commercial Building on Highway

      Free-standing commercial building with shop, office, and storage space.
      3019 State Highway 73, Wisconsin Rapids, WI 54495
      View Details
    • $179,900
      1,329 SF

      Commercial Property in Wisconsin Rapids

      Affordable commercial property suitable for offices, studios, and more.
      911 PEPPER AVENUE, Wisconsin Rapids, WI 54494
      View Details
    • $4,742
      3,793 SF

      Prime Retail Space For Sale

      Exceptional retail space on the busiest corner in town.
      1367 S 8th Street, Wisconsin Rapids, WI 54494
      View Details
    • $675,000
      10,800 SF

      Corner Storage Facility For Sale

      Commercial storage units with expansion potential on a 3-acre site.
      9551 State Highway 13, Wisconsin Rapids, WI 54494
      View Details
    • $1,295,000
      40,000 SF

      Iconic Mead Witter Block

      Two-story, 40,000 SF retail and office space for sale.
      230 W Grand Avenue, Wisconsin Rapids, WI 54495
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-story Gothic Revival building in prime downtown location.
    Where is this retail space located?
    The property is located at 240 W Grand Avenue Wisconsin Rapids, WI.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: Prime downtown location in Wisconsin Rapids.; Iconic, 100‑year‑old Gothic Revival building (Mead Witter Block).; Stable investment opportunity with a strong history of long‑term tenants.
    (715) 459-9322
    We can help!
    Listing Contact
    JT Sachs
    Real Estate License ID: 50906-94,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!