Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    County Hwy B Lot 2 Neillsville, WI 54456

    View on Map
    Claim this Listing
    For Sale
    $47,500

    LAND - Neillsville, WI

    Lot size:
    2.21 Acres
    Added:
    Jan 18, 2026
    Days on Market:
    108
    Last Refresh:
    May 6 at 12:06 pm

    Property Features for County Hwy B Lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    042.0383.00
    Lot size
    2.21 Acres

    Taxes and HOA fees

    Tax Year
    2025

    We can help!

    Listing Contact
    Sheila Johnson

    Listing agent Sheila Johnson License #92463-94

    Listing office Homestead Realty 7734 Hardwood Ave, Milwaukee, WI

    Listing date Jan 18, 2026

    MLS# 1597939 Listing URL

    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.

    HighLights

    • 2.21 Acre Buildable Lot: Ample space for your dream home or vacation cabin.
    • Convenient Location: Less than a mile from the hospital and two minutes from town.
    • Cleared and Elevated Lot: Reduces costs and provides STUNNING panoramic views.
    • Utilities Readily Available: Electricity at the street for cost efficiency.
    • Access to Recreational Activities: Minutes to Lake Snyder, Rock Dam Lake, and Lake Arbutus.
    • Adjacent Lots Available: Expand your property with additional parcels.

    Overview

    Neillsville Buildable Lot For Sale

    This 2.21-acre vacant lot offers country living on the outskirts of Neillsville. The recently surveyed property is mostly open and cleared, reducing driveway installation and building costs. Located on a paved road, the elevated lot provides views of open fields and sunsets. It is situated less than a mile from the hospital and two minutes from town for shopping and essentials. Electricity is available at the street. This site is suitable for a primary residence or vacation cabin, with access to ATV routes and Lake Snyder minutes away. Rock Dam Lake and Lake Arbutus are within a 15-minute drive. The property offers a rural atmosphere with the ability to walk or bike into town. There are also 3 adjacent lots currently available for sale, allowing you the advantage of choosing the specific parcel that best fits your vision for building a home, shop, or get-a-way retreat!
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Neillsville
    County
    Clark
    State
    Wisconsin
    Longitude
    -90.6622
    Latitude
    44.5294

    Nearby Similar for Sale

    • $329,000

      Waterfront Land with Lake Access

      Prime waterfront property with lake access and RV hookups.
      N899 Resewood, Neillsville, WI 54456
      View Details
    • $99,500
      2,200 SF

      Historic Commercial Space For Sale

      Unique commercial property with historic charm and versatile space.
      132 E 4TH STREET, Neillsville, WI 54456
      View Details
    • $169,900
      1,488 SF

      Downtown Neillsville Commercial Property

      Affordable commercial building in downtown Neillsville, Wisconsin.
      212 W 7TH STREET, Neillsville, WI 54454
      View Details
    • $54,500

      2.56 Acre Countryside Lot

      2.56 acre lot suitable for residence, cabin, shop, or business.
      County Hwy B Lot 4, Neillsville, WI 54456
      View Details
    • $49,900

      Steel Building in Neillsville, WI

      Durable 1,064 sq ft steel building for versatile use.
      607 Clay Street, Neillsville, WI 54456
      View Details
    • $149,900

      Commercial Building with Shop, Office

      Versatile commercial building featuring shop, storage, and office space.
      608 West Street, Neillsville, WI 54456
      View Details
    • $459,000

      Waterfront Lot Ready-To-Build

      1.38 acre waterfront lot with immediate recreational use.
      N900 Resewood Avenue, Neillsville, WI 54456
      View Details
    • $59,900

      Buildable Lot Near Neillsville

      2.81-acre buildable lot near hospital with mature trees.
      County Hwy B Lot 1, Neillsville, WI 54456
      View Details
    • $47,500

      Prime Lot in Neillsville, WI

      2.21-acre lot near town with countryside views and easy access.
      County Hwy B Lot 3, Neillsville, WI 54456
      View Details
    • $365,000
      4,985 SF

      Prime Commercial Building in Neillsville

      Commercial building on 1.15 acres, ideal for business.
      700 E Division Street, Neillsville, WI 54456
      View Details
    • $247,000

      Diverse Wooded Land with Hunting Features

      49.73 acres of wooded land with hunting and building potential.
      Hwy 10, Neillsville, WI 54456
      View Details
    • $139,900

      8.24 Acres Wooded Land Neillsville

      8.24 acres of wooded land with private pond.
      8.24 Acres RIDGE ROAD, Neillsville, WI 54456
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.21 acre buildable lot near Neillsville, Wisconsin.
    Where is this residential land & home lot located?
    The property is located at County Hwy B Lot 2 Neillsville, WI.
    What is the asking price?
    The asking price for this property is $47,500.
    What are key features of this property?
    This property features: 2.21 Acre Buildable Lot: Ample space for your dream home or vacation cabin.; Convenient Location: Less than a mile from the hospital and two minutes from town.; Cleared and Elevated Lot: Reduces costs and provides STUNNING panoramic views.
    (715) 896-8042
    We can help!
    Listing Contact
    Sheila Johnson
    Real Estate License ID: 92463-94
    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

    Thank You for Inquiry
    County Hwy B Lot 2, Neillsville, WI 54456
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!