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For sale
Conventional restaurants
WI
Marshfield
54449
112 E Veterans Parkway

Historic Soo Line Depot Available

112 E Veterans Parkway, Marshfield, WI 54449

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For Sale

$324,900

Unique Marshfield property with endless retail, restaurant, or office opportunities.

Type:Commercial/Industrial

Property size:

2,108 SF

Lot size:

0.12 Acres

Price / SF:

$154/SF

HighLights

Highly visible location ideal for business (retail, restaurant, or office).
Recent updates include new roof (2018), A/C compressors (2019/2020), and furnaces (2024).
Historical significance as the original Soo Line Depot.
Unique architectural features: original windows, doors, trim work, and octagon Station Master's room with original desk.
Renovated in 2000 into current use.
Notable historical detail: trim with 'TEX KT' carving.

We can help!

Listing Contact

ASHLEY FREDRICK

For Sale

$324,900

Unique Marshfield property with endless retail, restaurant, or office opportunities.

Type:Commercial/Industrial

Property size:

2,108 SF

Lot size:

0.12 Acres

Price / SF:

$154/SF

Added:: Jun 4, 2022
Days on Market:: 1467
Last Refresh:: May 20 at 2:12 am

Property Features for 112 E Veterans Parkway

General Information

Standard status: Active
Size: 2,108 SF
Lot size: 0.12 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1887

We can help!

Listing Contact

ASHLEY FREDRICK

Listing agent ASHLEY FREDRICK License #76489-94

Listing office NEXTHOME HUB CITY

Listing date Jun 4, 2022

Source Exitrealty

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 NEXTHOME HUB CITY

HighLights

Highly visible location ideal for business (retail, restaurant, or office).
Recent updates include new roof (2018), A/C compressors (2019/2020), and furnaces (2024).
Historical significance as the original Soo Line Depot.
Unique architectural features: original windows, doors, trim work, and octagon Station Master's room with original desk.
Renovated in 2000 into current use.
Notable historical detail: trim with 'TEX KT' carving.

Overview

This highly visible property, originally the Soo Line Depot, offers a unique opportunity for various business ventures. The Depot was relocated in 1999 due to the construction of Veterans Parkway and renovated into the Royal Tokyo Teppanyaki Steak House in 2000. The renovation included stripping and refinishing the oak wainscotting, original windows, doors, and trim work. Historical features include two frosted 'pickled' windows along the Southeast wall, which were once the engineer's locker rooms and showers. The window opening into the octagon Station Master's room has trim with 'TEX KT' carved into it, referencing a renowned 20th-century hobo. The two large entry doors were recreated to represent the luggage storage area of the original building. The octagon area, once the Station Master's vantage point, still contains his original desk. The property offers endless opportunities for retail, restaurant, or office space. Recent updates include a new roof in 2018, new A/C compressors in 2019 and 2020, two new furnaces in 2024, and a concrete patio in 2020. The property size is 2108 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$40.0k	$18.96
− Vacancy	−$1.8k	−$0.85
EGI	$38.2k	$18.11
− OpEx	−$9.5k	−$4.53
NOI	$28.6k	$13.58

2,108 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$409.0K

$357.8K – $477.1K (±1% cap)

NOI $28,627 @ 7.0% cap · market cap 8.81%

Second Best

Office B

$267.6K

$234.2K – $312.3K (±1% cap)

NOI $18,735 @ 7.0% cap · market cap 5.77%

Theoretical Best

—

same as Best Use

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

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Marshfield
County: Wood
State: Wisconsin
Longitude: -90.1725
Latitude: 44.6664

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Historic Marshfield Landmark Opportunity

Unique, renovated Soo Line Depot with endless business possibilities.

112 E Veterans Pkwy, Marshfield, WI 54449

View Details

For sale
Conventional restaurants
WI
Marshfield
54449
112 E Veterans Parkway

What type of property is this?

Conventional restaurant - Unique Marshfield property with endless retail, restaurant, or office opportunities.

Where is this conventional restaurant located?

The property is located at 112 E Veterans Parkway Marshfield, WI.

What is the asking price?

The asking price for this property is $324,900.

What are key features of this property?

This property features: Highly visible location ideal for business (retail, restaurant, or office).; Recent updates include new roof (2018), A/C compressors (2019/2020), and furnaces (2024).; Historical significance as the original Soo Line Depot.