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1001 Union Street, Stevens Point, WI, 54481
Office and Warehouse Flex Property

1001 Union Street Stevens Point, WI 54481

For Sale
Contact for pricing

Renovated office space with warehouse storage on a corner lot, including dedicated parking and loading access.

Property Size5,050 SF
Price / SF$88.91
Days on Market57

Property Features for 1001 Union Street

General Information

Standard status
Active
Size
5,050 SF
Property subtype
Office, Mixed Use

Building Details

Year Built
1918
Listing Agency: eXp Realty
Listed By: Rachel Mizgalski · License #58732-90
Source: Crexi
Added: May 28 Changed: Jul 10 Last Checked: Jul 22 at 10:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty


Investment Insights

Based on property information with market context.

This flex-style commercial property combines professional office space with a functional warehouse/storage area. The main level was renovated for office use in 2001–2002 and includes a formal entry, waiting and reception areas, multiple private offices, a conference room, printer/copy area, kitchenette, two restrooms, and a secondary rear entrance. An unfinished upper level offers expansion flexibility with room for up to three additional offices or storage rooms. The rear portion includes approximately 1,360 square feet of warehouse space used for storage and features a designated workshop room that is currently leased, with the tenant scheduled to vacate prior to closing unless otherwise negotiated. In addition, there is an unfinished lower-level area that can support additional storage or future expansion, totaling approximately 1,722 square feet.

Set on an expansive corner lot, the property provides convenient street parking plus a private paved parking lot with 12 dedicated stalls for employees or clients. The warehouse section has a separate entrance and a loading bay with direct access to Portage Street. Mechanical improvements include an updated boiler system for the in-floor heat, and a separate small electric water heater serving the office bathrooms and kitchenette. The building has 200 AMP electrical service and three separate utility meters.

With B2 – Central Business Transition zoning, the property is positioned to support a variety of permitted commercial uses, and a full list of approved uses is available upon request. The layout and multiple entrances offer practical options for office-plus-warehouse operations, storage-focused users, or segmented occupancy depending on tenant needs.

Key Highlights

  • Corner‑lot commercial building with 3,690 SF renovated main‑level office space plus 1,360 SF warehouse/storage area with loading bay access.
  • Dedicated private paved parking lot with 12 employee/client stalls, plus convenient street parking.
  • 2001–2002 office renovation includes formal entry, waiting area, reception space, multiple private offices, conference room, kitchenette, and two restrooms.

Financial Insights For Warehouse

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 $20.8k $4.11
− Vacancy −$1.1k −$0.21
EGI $19.7k $3.90
− OpEx −$3.0k −$0.59
NOI $16.7k $3.32
5,050 SF · lease $4.11/SF/yr · vacancy 5.10% · expense 15.00%

Alternative Uses

Best Use
Office B
$673.6K
$589.4K – $785.8K (±1% cap)
NOI $47,150 @ 7.0% cap · market cap 10.50%
Second Best
Flex RnD
$654.2K
$572.4K – $763.2K (±1% cap)
NOI $45,791 @ 7.0% cap · market cap 10.20%
Theoretical Best
Specialty Retail
$982.8K
$859.9K – $1.15M (±1% cap)
NOI $68,795 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Glinski Klein Anderson ... Law Firm Glinski Herman J Law Firm

Suggested Use

Real Estate Agency Kitchen & Bath Showroom Accounting Firm Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Barber Shop (Bike/Boat/Book/etc) Store Plumbing Service (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • On Point Catering — 1015 Reserve St Dreyfus, University Center Rm. 340, Stevens Point, WI 54481
  • BroKogi Korean Fusion Restaurant Stevens Point — 108 Division St, Stevens Point, WI 54481

FAQs

What type of property is this?
Flex space - Renovated office space with warehouse storage on a corner lot, including dedicated parking and loading access.
Where is this flex space located?
The property is located at 1001 Union Street Stevens Point, WI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Corner‑lot commercial building with 3,690 SF renovated main‑level office space plus 1,360 SF warehouse/storage area with loading bay access.; Dedicated private paved parking lot with 12 employee/client stalls, plus convenient street parking.; 2001–2002 office renovation includes formal entry, waiting area, reception space, multiple private offices, conference room, kitchenette, and two restrooms.
More about this property
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