Sign Up Successful!
You now have access to more from Realmo!
    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

    963 23Rd St Chetek, WI 54728

    Sponsored
    For Sale
    $54,900

    LAND - Chetek, WI

    Lot size:
    1.55 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 24 at 7:06 am

    Property Features for 963 23Rd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    036130009000
    Lot size
    1.55 Acres

    We can help!

    Listing Contact
    Joshua Amys
    Joshua Amys

    Central WI Real Estate Holdings, LLC (715) 514-4265

    Listing agent Joshua Amys (715) 642-0567 License #85884-94

    Listing date Jan 21, 2026

    MLS# 1597838

    Copyright © 2026 Northwestern Wisconsin Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land Near Chetek, WI

    This 1.55-acre residential parcel is located just outside of Chetek, Wisconsin, along a quiet side street off Hwy SS, between Chetek and Cameron. The location provides an easy commute while remaining close to everyday necessities and outdoor recreation. The property, zoned residential, previously had a home on site and features a cleared building area, a roughed-in driveway, and an established fire number. A mix of open space and some mature trees creates a natural buffer, adding privacy. Outdoor enthusiasts will appreciate the close proximity to Pokegama Lake and nearby public boat landings offering access to the Chetek Chain of Lakes, known for its year-round recreation. This parcel offers flexibility, privacy, and an excellent location just minutes from town. It is suitable to build a full-time residence, a getaway retreat, or hold land in a desirable area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Chetek
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.68412
    Latitude
    45.345053

    Nearby Similar for Sale

    • $650,000
      11,214 SF

      Heated Commercial/Industrial Space in Chetek

      Expansive heated commercial/industrial space in downtown Chetek, WI.
      521 Knapp St, Chetek, WI 54728
      View Details
    • $875,000
      1,656 SF

      Resort and Campground on Potato Lake

      Turnkey resort, campground, bar, and restaurant on 2.45 acres.
      N1211 N Potato Lake Rd, Chetek, WI 54728
      View Details
    • $624,900
      18,460 SF

      Chetek Industrial/Manufacturing Building For Sale

      18,460 SF industrial/manufacturing building on 2.19 acres.
      1110 W Center St, Chetek, WI 54728
      View Details
    • $60,000

      Waterfront Condo Lot on Chetek

      Affordable waterfront condo lot with access to Chetek chain lakes.
      1022 Unit 13 St, Chetek, WI 54728
      View Details
    • $119,900
      1,500 SF

      Chetek Steel Storage Condominiums

      Upscale 1500 SF storage units with lake access potential.
      2788 7 5/8 Ave, Chetek, WI 54728
      View Details
    • $119,900

      Upscale Storage Condominium Development

      1500 SF steel storage units with lake access available for sale.
      2788 7 5/8 Ave, Chetek, WI 54728
      View Details
    • $650,000
      18,460 SF

      Chetek Manufacturing Building For Sale

      Large industrial building, 2.19 acres, great location.
      1110 Center St, Chetek, WI 54728
      View Details
    • $1,175,000
      2,158 SF

      Prime Chetek Commercial Property

      Golf Course, Campground, & Home
      1009 1/4 Ave, Chetek, WI 54728
      View Details
    • $825,000
      1,748 SF

      Lakefront Resort - Chetek, WI

      Profitable Turnkey Resort on Potato Lake
      W15010 County Road D, Chetek, WI 54728
      View Details
    • $329,000
      1,641 SF

      Chetek Commercial Building - Move-In Ready

      Prime Commercial Space, 1.88 Acres, Vacant
      202 Kleve St, Chetek, WI 54728
      View Details
    • $749,000
      1,514 SF

      Stardust Drive-In: Chetek, WI

      Turnkey Drive-In Theater & Restaurant
      995 22Nd St, Chetek, WI 54728
      View Details
    • $1,175,000
      71.00 Acres

      Prime Chetek Commercial Property

      Golf Course, Campground & Home Package
      1009 1/4 Ave, Chetek, WI 54728
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.55-acre residential parcel near Chetek with cleared building area.
    Where is this residential land & home lot located?
    The property is located at 963 23Rd St Chetek, WI.
    What is the asking price?
    The asking price for this property is $54,900.
    What are key features of this property?
    This property features: - 1.55-acre residential parcel, ideal for building a full-time residence or getaway.; - Convenient location near Chetek and Cameron, offering an easy commute and access to amenities.; - Cleared building area, roughed-in driveway, and established fire number provide a head start on construction.
    (715) 642-0567
    Request Owner's contact information
    963 23Rd St Chetek, WI 54728
    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.
    963 23Rd St
    Chetek, WI 54728
    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
    963 23Rd St Chetek, WI 54728
    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

    We can help!
    Listing Contact
    Joshua Amys
    Joshua Amys
    Real Estate License ID: 85884-94
    (715) 642-0567
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.