Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    321 Forest St Wausau, WI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two lots available in downtown Wausau near key landmarks.

    Type:LAND
    Lot size:
    1.09 Acres
    Added:
    Jul 31, 2024
    Days on Market:
    637
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 321 Forest St

    General Information

    Standard status
    Active
    Lot size
    1.09 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Chris Etmanczyk

    Listing agent Chris Etmanczyk

    Listing office Lee & Associates of Madison

    Listing date Jul 31, 2024

    Source Moodyscre

    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 Lee & Associates of Madison

    Overview

    Downtown Wausau Land Opportunity

    Two lots are available for sale in downtown Wausau, Wisconsin, with sizes of 0.82 and 0.27 acres. The property is located across from the HOM Furniture Store and the new Children’s Imaginarium, and is adjacent to Anytime Fitness, McDonald’s, and the U.S. Post Office. It is near a redevelopment zone and the Marathon County Courthouse. The zoning is DPMU - Downtown Periphery Mixed Use. The property is available for build to suit with drive through and could be demised from 1,600-5,200 sq. ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.6265
    Latitude
    44.9567

    Nearby Similar for Sale

    • $499,900
      12,203 SF

      Wausau Warehouse/Storage Space For Sale

      Versatile warehouse space with loading docks and office area.
      1217 S 3RD AVENUE, Wausau, WI 54401
      View Details
    • $267,000
      3,608 SF

      Wausau Bar and Restaurant Opportunity

      Established bar and restaurant with real estate in Wausau, Wisconsin.
      5512 STEWART AVENUE, Wausau, WI 54401
      View Details
    • $299,000
      4,433 SF

      Wausau Commercial Property For Sale

      Former supper club ready for renovation in Wausau, Wisconsin.
      3901 N 6TH STREET, Wausau, WI 54403
      View Details
    • $450,000
      616 SF

      Prime Commercial Land Opportunity

      Highly visible commercial land with existing retail/office structure.
      151670 COUNTY ROAD NN, Wausau, WI 54401
      View Details
    • $749,900
      4,860 SF

      Historic Wausau Landmark For Sale

      Established in 1880, renovated commercial property near riverfront redevelopment.
      1203 3RD STREET, Wausau, WI 54403
      View Details
    • $467,000

      Updated Duplex Near Wisconsin River

      Turn-key duplex with updated units near downtown Wausau.
      119-121 RIVER STREET, Wausau, WI 54401
      View Details
    • $649,900
      2,486 SF

      Wausau Retail Building For Sale

      Well-maintained retail building with I-39 frontage in Rib Mountain.
      226126 HUMMINGBIRD ROAD, Wausau, WI 54401
      View Details
    • $565,000
      6,800 SF

      Former CBRF Ideal for Redevelopment

      Former Community-Based Residential Facility (CBRF) with redevelopment potential in Wausau.
      5601 SHERMAN STREET, Wausau, WI 54401
      View Details
    • $249,900

      Remodeled Duplex in Wausau, WI

      Turnkey, furnished duplex, ideal for investors or owner-occupants.
      225 N 4TH AVENUE, Wausau, WI 54401
      View Details
    • $61,900
      21,780 SF

      Residential Lot in Scenic Setting

      0.5-acre corner lot in Wausau West School District.
      210 BLUESTONE DRIVE, Wausau, WI 54401
      View Details
    • $40,000

      Wausau Buildable Lot with Views

      0.74 acre wooded lot with Granite Peak views.
      3525 W WAUSAU AVENUE, Wausau, WI 54401
      View Details
    • $120,000

      Residential Land in Quiet Wausau

      3.3-acre lot in Wausau with utilities available.
      CANYON ROAD, Wausau, WI 54403
      View Details

    FAQs

    What type of property is this?
    Land - Two lots available in downtown Wausau near key landmarks.
    Where is this land located?
    The property is located at 321 Forest St Wausau, WI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Prime downtown Wausau location.; Zoning DPMU - Downtown Periphery Mixed Use.; Build to suit with drive through potential.
    (608) 212-3033 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Etmanczyk
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!