Heated Flex Industrial
521 Knapp Street Chetek, WI 54728
For Sale
$450,000
COMMERCIAL - Chetek, WI
Property Size11,214 SF
Lot Size0.80 Acres
Price / SF$40.13
Days on Market295
Property Features for 521 Knapp Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 211148607000
- Size
- 11,214 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lengthy
- Tax Annual Amount
- 8369
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1991
- Building materials
- MetalSiding, Steel
Listing Agency:
Re/Max 4 Seasons, LLC
(715) 635-6500
Listed By:
Jake Anderson · License #75122-94
(715) 635-6500
Added: Oct 3, 2025
Changed: Jun 25
Last Checked: Jul 24 at 7:06AM
MLS# 1596117
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 heated commercial/industrial property provides 11,214 square feet of versatile space in a flexible, owner-occupant layout. The building includes compressed air and heat throughout, three-phase power, and a mechanical exhaust hood. Operational access is supported by six overhead garage doors, along with two finished office spaces that can support front-office and administrative functions alongside shop or storage needs.
Located in downtown Chetek, the property offers convenient regional connectivity just minutes from Highway 53. It is approximately 45 minutes from Eau Claire and less than two hours from the Twin Cities, supporting movement of staff, customers, and goods within the broader market area.
Zoned for both commercial and industrial use, the facility is suitable for a range of businesses including manufacturing, service operations, warehousing, storage, and distribution. The mix of finished office areas and large heated shop space can support day-to-day operations while leaving flexibility to lease additional office or shop space if desired.
Located in downtown Chetek, the property offers convenient regional connectivity just minutes from Highway 53. It is approximately 45 minutes from Eau Claire and less than two hours from the Twin Cities, supporting movement of staff, customers, and goods within the broader market area.
Zoned for both commercial and industrial use, the facility is suitable for a range of businesses including manufacturing, service operations, warehousing, storage, and distribution. The mix of finished office areas and large heated shop space can support day-to-day operations while leaving flexibility to lease additional office or shop space if desired.
Key Highlights
- Over 11,000 sq. ft. of heated commercial/industrial space in downtown Chetek
- Built in 1991 with metal siding and steel construction
- Forced‑air heating and central air, plus compressed air and heat throughout the building
Financial Insights For Flex RnD
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 | $67.3k | $6.00 |
| − Vacancy | −$4.7k | −$0.42 |
| EGI | $62.6k | $5.58 |
| − OpEx | −$21.9k | −$1.95 |
| NOI | $40.7k | $3.63 |
11,214 SF · lease $6.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$9.01M
$7.88M – $10.51M
NOI $630,710 @ 7.0% cap · market cap 140.16%
Second Best
Industrial
$7.42M
$6.49M – $8.66M
NOI $519,408 @ 7.0% cap · market cap 115.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Heated commercial/industrial facility with multiple overhead doors, compressed air, and office space for versatile operations.
Where is this flex space located?
The property is located at 521 Knapp Street Chetek, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Over 11,000 sq. ft. of heated commercial/industrial space in downtown Chetek; Built in 1991 with metal siding and steel construction; Forced‑air heating and central air, plus compressed air and heat throughout the building
