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    Retail Space in Boulder Junction Title is generated by Realmo AI

    10356 MAIN ST, Boulder Junction, WI 54512

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    COMMERCIAL - Boulder Junction, WI

    Lot size:
    0.89 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    153
    Last Refresh:
    May 18 at 6:06 am

    Property Features for 10356 MAIN ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Parking features
    Paved or Surfaced
    Interior features
    Storage
    Exterior features
    Elevator, HandicapAccessible, SprinklerIrrigation
    Accessibility
    Accessible Elevator Installed, Accessible Approach with Ramp
    Standard status
    Active
    APN
    4-1611-3
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 2 3CS80 FKA LOT 2 3CS22 PRT LOT 3 & OL A BLOCK 3 ASSESSOR'S PLAT OF BOULDER JCT
    Tax Annual Amount
    24900

    Utilities

    Heating system
    Natural Gas
    Water source
    Well

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Concrete, Tile
    Building materials
    Frame
    Roof type
    Rubber, Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    CHRIS HILLER
    CHRIS HILLER

    Listing agent CHRIS HILLER License #45291 - 94

    Listing office RE/MAX PROPERTY PROS-MINOCQUA 8612 Hwy 51 PO Box 142, Minocqua, WI

    Listing date Dec 16, 2025

    MLS# 215328

    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

    • Prime location in the heart of Boulder Junction, a top year‑round Northwoods destination.
    • New commercial development (Heritage Square) blending classic Northwoods character with modern appeal.
    • Surrounded by pristine State Land, offering natural beauty and recreational opportunities.
    • Flexible lease options and investment opportunities available.
    • Constructed in 2025, featuring modern amenities such as an elevator, handicap accessibility, and sprinkler irrigation.
    • Interior features include storage, concrete and tile flooring, and natural gas heating.

    Overview

    Located in Boulder Junction, the heart of the Northwoods, this commercial property is surrounded by state land and embodies the charm of a mountain town. Heritage Square, a new commercial development, replaces two historic buildings from 1911 and 1912. The property blends classic Northwoods character with modern appeal, re-anchoring Boulder Junction's vibrant downtown. The property sits on a 0.89-acre lot. This property offers a chance to bring your retail or business vision to life. The location draws visitors and residents from all over the Northwoods, making it a year-round destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder Junction
    County
    Vilas
    State
    Wisconsin
    Longitude
    -89.6412277
    Latitude
    46.1121029

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in the heart of Boulder Junction, Wisconsin.
    Where is this retail space located?
    The property is located at 10356 MAIN ST Boulder Junction, WI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location in the heart of Boulder Junction, a top year‑round Northwoods destination.; New commercial development (Heritage Square) blending classic Northwoods character with modern appeal.; Surrounded by pristine State Land, offering natural beauty and recreational opportunities.
    (715) 892-0078
    We can help!
    Listing Contact
    CHRIS HILLER
    CHRIS HILLER
    Real Estate License ID: 45291 - 94
    Learn More
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    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
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