Two-Story Multi-Tenant Office
For Sale
$670,000
3205 TERRACE COURT, Wausau, WI 54401
COMMERCIAL - Wausau, WI
Property Size6,180 SF
Lot Size0.52 Acres
Price / SF$108.41
Days on Market66
Property Features for 3205 TERRACE COURT
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner, Near Major Highway, Residential Area
Subdivision
Wausau
Standard status
Active
Size
6,180 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7577
Utilities
Heating system
Forced Air, Baseboard
Cooling system
Central Air
Building Details
Year built
1980
Number of units
8
Building materials
Brick, Wood
Roof type
Shingle
Listing Agency:
REMAX EXCEL · RE/MAX International
(715) 849-5544
Listed By:
LISA BERGMANN · License #66538
(715) 218-0692
Added: Jun 1
Changed: Aug 5
Last Checked: Aug 5 at 11:06PM
MLS# 22602426
Copyright © 2026 Central Wisconsin 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.
Built in 1980, this 6,180-square-foot office property occupies 0.52 acres and is arranged across two stories. Brick construction, shingle roofing, forced-air and baseboard heating, and central air conditioning serve the building. The current layout accommodates multiple occupants, while the interior can also be operated by a single tenant or reconfigured for different uses. The second floor has separate meters for all utilities.
The building offers prominent exposure along Stewart Ave and Hwy 29, with access from both corridors. Its newly paved, well-lighted parking lot provides ample parking, and a newer exterior business sign contributes to the property's street presence. The second-floor tenant is expected to vacate in early Fall 2026, with delivery options that include an occupied building, a vacant second floor, or a fully vacant property.
The building offers prominent exposure along Stewart Ave and Hwy 29, with access from both corridors. Its newly paved, well-lighted parking lot provides ample parking, and a newer exterior business sign contributes to the property's street presence. The second-floor tenant is expected to vacate in early Fall 2026, with delivery options that include an occupied building, a vacant second floor, or a fully vacant property.
Key Highlights
- 6,180 SF two‑story office building on 0.52 acres
- Built in 1980 with brick construction and shingle roof
- Multi‑tenant layout can also accommodate a single occupant
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 | $105.3k | $17.04 |
| − Vacancy | −$23.2k | −$3.75 |
| EGI | $82.1k | $13.29 |
| − OpEx | −$20.5k | −$3.32 |
| NOI | $61.6k | $9.97 |
6,180 SF · lease $17.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$880.1K
$770.1K – $1.03M
NOI $61,605 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$999.1K – $1.33M
NOI $79,926 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
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?
Office building - Brick construction, adaptable occupancy, and separate second-floor utility metering support varied operating arrangements.
Where is this office building located?
The property is located at 3205 TERRACE COURT Wausau, WI.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 6,180 SF two‑story office building on 0.52 acres; Built in 1980 with brick construction and shingle roof; Multi‑tenant layout can also accommodate a single occupant
