Solid Brick Office Building with
For Sale
$159,900
104 S Main Street, Marion, WI 54950
Solid brick office building in Marion, WI with a full basement and a newly paved concrete parking lot.
Property Size1,400 SF
Price / SF$114.21
Days on Market29
Property Features for 104 S Main Street
General Information
Standard status
Active
Size
1,400 SF
Building Details
Construction
brick
Listing Agency:
Century 21 Ace Realty
(920) 841-5374
Listed By:
Sandra DuFrane · License #9052028
(920) 841-5374
Source:
Exprealty
Added: Jul 6
Changed: Jul 30
Last Checked: Jul 31 at 6:28PM
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 Century 21 Ace Realty
Investment Insights
Based on property information with market context.
This solid brick office building includes a full basement and approximately 1,400 SF of space. The main level features a front entry/lobby and a spacious lobby area measuring 31 x 27. It also offers multiple offices sized 20 x 11 and 16 x 14, along with two bathrooms.
The property includes a brand new concrete parking lot and provides a convenient, self-contained layout for professional or service uses. The deed is restricted, and additional details are available upon request.
The interior configuration supports flexible tenanting within an office environment, with dedicated rooms for individual offices plus shared lobby and bathroom areas.
The property includes a brand new concrete parking lot and provides a convenient, self-contained layout for professional or service uses. The deed is restricted, and additional details are available upon request.
The interior configuration supports flexible tenanting within an office environment, with dedicated rooms for individual offices plus shared lobby and bathroom areas.
Key Highlights
- Approximately 1,400 SF solid brick office building
- Full basement
- Front entry/lobby and spacious lobby area (31 x 27)
Financial Insights For Healthcare Medical
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 | $21.0k | $15.00 |
| − Vacancy | −$1.7k | −$1.20 |
| EGI | $19.3k | $13.80 |
| − OpEx | −$7.7k | −$5.52 |
| NOI | $11.6k | $8.28 |
1,400 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$219.4K
$192.0K – $256.0K
NOI $15,361 @ 7.0% cap · market cap 9.61%
Second Best
Healthcare Medical
$165.6K
$144.9K – $193.2K
NOI $11,592 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$262.2K
$229.5K – $305.9K
NOI $18,356 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 54950, WI
3,086
Population
1,357
Households
2.3
Avg Household Size
44
Median Age
12%
College-Educated
90%
High-School Grad
81.8 sq mi
ZIP Area
38
Density / Sq Mi
$65,815
Median Household Income
$41,875
Median Earnings
$732
Median Rent
$151,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Solid brick office building in Marion, WI with a full basement and a newly paved concrete parking lot.
Where is this office units located?
The property is located at 104 S Main Street Marion, WI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Approximately 1,400 SF solid brick office building; Full basement; Front entry/lobby and spacious lobby area (31 x 27)
