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Historic Marshfield Landmark Opportunity

112 E Veterans Pkwy, Marshfield, WI 54449

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For Sale

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Unique, renovated Soo Line Depot with endless business possibilities.

Type:Industrial, Office, Retail

Property size:

2,108 SF

Price / SF:

$154/SF

HighLights

Highly visible location ideal for business (retail, restaurant, or office space).
Historic Soo Line Depot building with unique architectural features and preserved original elements like oak wainscotting, windows, doors, trim.
Recent updates including new roof (2018), A/C compressors (2019/2020), and concrete patio (2020).
Unique historical details such as the Station Master's Octagon room with original desk and 'Tex Kt' signature.
Building renovated in 2000 into a restaurant, demonstrating adaptability and functionality.
Recreated entry doors representing the original luggage storage area.

We can help!

Contact an agent

Ashley Fredrick

For Sale

Contact for pricing

Unique, renovated Soo Line Depot with endless business possibilities.

Type:Industrial, Office, Retail

Property size:

2,108 SF

Price / SF:

$154/SF

Added:: Mar 30, 2024
Days on Market:: 821
Last Refresh:: May 12 at 9:43 pm

Property Features for 112 E Veterans Pkwy

General Information

Standard status: Active
Size: 2,108 SF
Property subtype: Industrial, Office, Retail

Building Details

Year Built: 1887

We can help!

Contact an agent

Ashley Fredrick

Listing office NextHome Hub City

Listing date Mar 30, 2024

Source Crexi

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 space).
Historic Soo Line Depot building with unique architectural features and preserved original elements like oak wainscotting, windows, doors, trim.
Recent updates including new roof (2018), A/C compressors (2019/2020), and concrete patio (2020).
Unique historical details such as the Station Master's Octagon room with original desk and 'Tex Kt' signature.
Building renovated in 2000 into a restaurant, demonstrating adaptability and functionality.
Recreated entry doors representing the original luggage storage area.

Overview

This highly visible property, originally the Soo Line Depot, offers an ideal location for various business ventures. The depot was relocated in 1999 due to the construction of Veterans Parkway and subsequently renovated in 2000 into the Royal Tokyo Teppanyaki Steak House. The renovation preserved historical elements, including oak wainscotting, original windows, doors, and trim work. Two frosted windows along the southeast wall mark the former engineer's locker rooms and showers. The window opening into the octagon station master's room features trim with the inscription 'tex Kt,' a renowned hobo of the 20th century. The two large entry doors were recreated to resemble 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 presents endless opportunities for retail, restaurant, or office space. Recent updates include a new roof in 2018, new A/C compressors in 2019 and 2020, 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

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Marshfield
County: Wood
State: Wisconsin
Longitude: -90.172483
Latitude: 44.6664403

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For sale
Restaurants
WI
Marshfield
54449
112 E Veterans Pkwy

What type of property is this?

Restaurant - Unique, renovated Soo Line Depot with endless business possibilities.

Where is this restaurant located?

The property is located at 112 E Veterans Pkwy 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 space).; Historic Soo Line Depot building with unique architectural features and preserved original elements like oak wainscotting, windows, doors, trim.; Recent updates including new roof (2018), A/C compressors (2019/2020), and concrete patio (2020).