Grocery and Convenience Store
For Sale
$350,000
727 ELM ST, Woodruff, WI 54568
CommercialSale, Woodruff, WI
Property Size1,455 SF
Lot Size0.23 Acres
Price / SF$240.55
Days on Market188
Property Features for 727 ELM ST
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Driveway
Interior features
Storage
Exterior features
Landscaping, Storage
Lot features
Level
Directions
From Minocqua Hwy 51 NORTH for 2.2 miles. Business will be on the LEFT hand side on the corner of Lemma Crk Rd & Hwy 51.
Standard status
Active
APN
04001-0691-0004W
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGE OF WOODRUFF PT E 1/2 BLK B, 100'X120' EXC TPP #1170-19-21-4.07 PCL 48 (WR 2685) SEE SM B7377 (LC DOC 850570 & 856788)
Tax Annual Amount
2436
Legal Description
VILLAGE OF WOODRUFF PT E 1/2 BLK B, 100'X120' EXC TPP #1170-19-21-4.07 PCL 48 (WR 2685) SEE SM B7377 (LC DOC 850570 & 856788)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
greenhouse
covered porch
kitchen
walk-through/walk-in cooler
office
storage
open merchandising space
Building Details
Year built
2011
Floors in Building
1
Flooring type
Concrete
Building materials
Frame
Roof type
Shingle, Composition
Additional Structures
Storage
Listing Agency:
REDMAN REALTY GROUP, LLC
(715) 358-0450
Listed By:
PAT VAN HEFTY · License #49511 - 90
(715) 892-0298
Added: Mar 2
Changed: Aug 19
Last Checked: Sep 6 at 1:06AM
MLS# 216415
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.
This 1,455-square-foot commercial building was constructed in 2011 and is currently used as a farm market. The interior combines open merchandising space with an updated kitchen, walk-through/walk-in cooler, office, storage, and a bathroom. A greenhouse and covered porch expand the property’s retail functionality, while concrete flooring, forced-air natural gas heat, central air, public water, and public sewer support day-to-day operations.
The property occupies 0.2289 acres at 727 Elm St in Woodruff, Wisconsin, with access and visibility along State Hwy 51. On-site driveway parking, landscaping, and exterior storage are included. The sale consists of the real estate only; the operating trade name and inventory are excluded.
The property occupies 0.2289 acres at 727 Elm St in Woodruff, Wisconsin, with access and visibility along State Hwy 51. On-site driveway parking, landscaping, and exterior storage are included. The sale consists of the real estate only; the operating trade name and inventory are excluded.
Key Highlights
- 1,455‑square‑foot commercial building constructed in 2011
- 0.2289‑acre property at 727 ELM ST, Woodruff, WI 54568
- Greenhouse and covered porch complement the retail building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,640
$382.6K
Cap Rate 7%
$273,314
$273.3K
Cap Rate 9%
$212,578
$212.6K
Market Conditions
NOI Build-Up for 1,455 SF
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.
Gross rent
$26.2K $18.00/SF
− Vacancy
−$681 −$0.47/SF
EGI
$25.5K $17.53/SF
− OpEx
−$6.4K −$4.38/SF
NOI
$19.1K $13.15/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,640
Cap Rate 7%
$273,314
Cap Rate 9%
$212,578
Alternative Uses
Best Use
Specialty Retail
$273.3K
$239.2K – $318.9K
NOI $19,132 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$187.1K
$163.7K – $218.3K
NOI $13,095 @ 7.0% cap · market cap 3.74%
Theoretical Best
Industrial
$681.0K
$595.9K – $794.5K
NOI $47,671 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
50k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 32%
Home Improvements & Furnishings 29%
Culver's
Dining
19,281 visits/mo
0.1 miles
Woodruff Hardware Inc
Home Improvements & Furnishings
14,646 visits/mo
0.2 miles
BP
Shops & Services
13,672 visits/mo
0.3 miles
BMO Harris Bank
Shops & Services
1,409 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
1,204 visits/mo
0.1 miles
Demographics for 54568, WI
5,175
Population
3,855
Households
1.3
Avg Household Size
55
Median Age
36%
College-Educated
96%
High-School Grad
71.2 sq mi
ZIP Area
73
Density / Sq Mi
$71,944
Median Household Income
$45,337
Median Earnings
$791
Median Rent
$262,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Flexible retail building with greenhouse space, customer parking, and direct exposure along State Hwy 51.
Where is this grocery and convenience store located?
The property is located at 727 ELM ST Woodruff, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,455‑square‑foot commercial building constructed in 2011; 0.2289‑acre property at 727 ELM ST, Woodruff, WI 54568; Greenhouse and covered porch complement the retail building
