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

    702 N CHESTNUT Marshfield, WI 54449

    View on Map
    Claim this Listing
    New
    For Sale
    $1,477,500

    Land - Marshfield, WI

    Lot size:
    2.32 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 22 at 8:06 pm

    Property Features for 702 N CHESTNUT

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.32 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    BROCK & DECKER REAL ESTATE

    Listing agent BROCK & DECKER REAL ESTATE License #59641-90

    Listing office BROCK AND DECKER REAL ESTATE, LLC 914 North Central Avenue, Marshfield, WI

    Listing date Apr 17, 2026

    MLS# 22601541 Listing URL

    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.

    Overview

    Prime Marshfield Acres Near Medical

    This 2.32-acre property is located in Marshfield, Wisconsin, offering development opportunities in a central location. Zoned MR-24, the parcel is situated in a park-like setting. Its location provides convenient access to the Medical Complex and shopping centers. A drawing is available for review showcasing a planned 3-phase, 76-unit apartment building. This property offers potential for investors, developers, or those seeking to create a lasting impact in a dynamic community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshfield
    County
    Wood
    State
    Wisconsin
    Longitude
    -90.171073
    Latitude
    44.674183

    Nearby Similar for Sale

    • $925,000

      Marshfield Land Development Opportunity

      2.48-acre commercial land parcel in a growing Marshfield.
      1420 N OAK AVENUE, Marshfield, WI 54449
      View Details
    • $514,900

      Turnkey Day Care Facility

      Fully operational day care center in Marshfield, Wisconsin for sale.
      1017 W Laurel Street, Marshfield, WI 54449
      View Details
    • $264,900

      Marshfield Duplex with Daycare

      Well-maintained duplex with long-term tenants and established daycare.
      806-808 E Vilas Street, Marshfield, WI 54449
      View Details
    • $218,500
      2,384 SF

      Mixed-Use Building in Downtown Marshfield

      Commercial building with apartment in prime downtown location.
      107 S CENTRAL AVENUE, Marshfield, WI 54449
      View Details
    • $2,395,500

      Marshfield Land with Development Potential

      15.97 acres of commercial land in a strategic location.
      10812 COUNTY ROAD A, Marshfield, WI 54449
      View Details
    • $159,900

      Marshfield Triplex For Sale

      Three-unit rental property with positive cash flow in Marshfield.
      703 S CEDAR AVENUE, Marshfield, WI 54449
      View Details
    • $1,375,000

      Marshfield Commercial Development Land

      69.56 acres of commercial development land with high visibility.
      10477 County Road A, Marshfield, WI 54449
      View Details
    • $34,900

      Marshfield Buildable Residential Land

      Residential land for sale near Marshfield, Wisconsin.
      Lot 22 LORENE DRIVE, Marshfield, WI 54449
      View Details
    • $214,999

      Marshfield Land with Rustic Charm

      19.84 acres featuring a shed, silos, and buildable land.
      8188 County Road Ee, Marshfield, WI 54449
      View Details
    • $34,900

      Marshfield Buildable Residential Land

      Buildable lots near Marshfield with no builder restrictions.
      Lot 21 LORENE DRIVE, Marshfield, WI 54449
      View Details
    • $303,210

      Agricultural Land on Highway 13

      33.69 acres of productive land between Marshfield and Spencer.
      33.69 Mol 26th Road, Marshfield, WI 54449
      View Details
    • $750,000
      7,750 SF

      7750 SF Flex Building

      Flex building featuring office and warehouse space for sale.
      1210 S Oak Avenue, Marshfield, WI 54449
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.32 acres in Marshfield near medical complex and shopping.
    Where is this commercial land located?
    The property is located at 702 N CHESTNUT Marshfield, WI.
    What is the asking price?
    The asking price for this property is $1,477,500.
    What are key features of this property?
    This property features: Prime 2.32‑acre development opportunity in the heart of the city.; Close proximity to Medical Complex and shopping centers.; MR‑24 zoning offers a range of development possibilities.
    (715) 305-6096
    We can help!
    Listing Contact
    BROCK & DECKER REAL ESTATE
    Real Estate License ID: 59641-90
    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!