Prime Retail Space in
8528 HWY 51, Minocqua, WI 54548
COMMERCIAL - Minocqua, WI
Type:Retail
Property size:
2,600 SFLot size:
0.20 AcresPrice / SF:
$153/SF- Added:
- Feb 23, 2026
- Days on Market:
- 97
- Last Refresh:
- May 31 at 11:06 am
Property Features for 8528 HWY 51
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Storage
- Exterior features
- HandicapAccessible
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 01601-2179-0040
- Size
- 2,600 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT G.L. 6 .22CA/.22SA SM B1785 EXC HWY V577-368 EXC TRANS PROJ PLAT #1174-10-21-4.06 PCL 206 (DOC #723243)
- Tax Annual Amount
- 1799
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Flooring type
- Mixed
- Building materials
- Frame, Stucco
- Additional Structures
- Storage
Listing agent CHRISTOPHER NOR License #95646 - 94 (847) 571-4348
Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI (715) 358-0450
Listing date Feb 23, 2026
MLS# 215883
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.
HighLights
- High visibility location on four lanes of traffic and near Minocqua Lake.
- Flexible zoning and building layout suitable for retail, coffee shop, restaurant, or other business.
- Large ~2,000 square foot grass courtyard ideal for outdoor dining or recreation.
- Approximately 2,600 square foot commercial building with large display window and open retail space.
- 6‑7 private parking spots for convenient guest parking.
- Located within Minocqua's historic Boardwalk Shops with high foot traffic during summer.
Overview
This commercial building, approximately 2,600 square feet, is located in the heart of Minocqua and offers high visibility from four lanes of traffic and Minocqua lake. Situated within Minocqua's historic Boardwalk Shops, the property's zoning and layout are suited for various business types, including retail, coffee shops, and restaurants. The building features a large display window, a kitchen, a bathroom, an office, and a large open retail space. Additionally, there is a ~2,000 square foot grass courtyard suitable for outdoor dining, entertaining, or recreation. The property includes 6-7 private parking spots. The lot size is 0.203 acres.
Local Financial Insights For Retail
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 | $34.3k | $13.20 |
| − Vacancy | −$892 | −$0.34 |
| EGI | $33.4k | $12.86 |
| − OpEx | −$10.0k | −$3.86 |
| NOI | $23.4k | $9.00 |
2,600 SF · lease $13.20/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$334.3K
$292.5K – $390.0K
NOI $23,399 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,185 @ 7.0% cap · market cap 21.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Minocqua
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.7034361
- Latitude
- 45.8774217
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - High-visibility commercial building in Minocqua's historic Boardwalk Shops.
Where is this retail space located?
The property is located at 8528 HWY 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: High visibility location on four lanes of traffic and near Minocqua Lake.; Flexible zoning and building layout suitable for retail, coffee shop, restaurant, or other business.; Large ~2,000 square foot grass courtyard ideal for outdoor dining or recreation.
