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    41 Park Ridge Dr Stevens Point, WI 54481

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    For Sale
    $695,000

    Well-maintained office building near I-39 with flexible suite sizes.

    Property size:
    11,000 SF
    Lot size:
    0.64 Acres

    Property Features for 41 Park Ridge Dr

    General Information

    Size
    11,000 SF
    Lot size
    0.64 Acres

    Source: NAI Pfefferle Agent Greg Hedrich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway 66 Brick Office Building

    Located on Highway 66, near the intersection with Interstate 39 in Stevens Point, this well-maintained brick office building is situated on a 0.64-acre lot. The property offers high visibility and easy access. The building, constructed in the late 1960s, is zoned commercial and contains approximately 11,000 square feet. The building is currently configured for multiple tenants. Over 5,000 square feet in the lower level is leased, leaving over 6,000 square feet available. Suites feature private entrances, natural light, and functional office layouts. Monument signage is available at the road. The location provides proximity to major retailers, including Target, La Quinta, Buffalo Wild Wings, Goodwill, Fleet Farm, Hobby Lobby, Five Below, and Ross Dress for Less. The property is suitable for a variety of professional uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Community Industries Pallet Industrial Equipment Supplier

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Stevens Point
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.5451237
    Latitude
    44.5230215

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building near I-39 with flexible suite sizes.
    Where is this office building located?
    The property is located at 41 Park Ridge Dr Stevens Point, WI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Guaranteed rent for one year by the seller, resulting in a pro forma cap rate of nearly 15.12%.; - Prime location on Highway 66, seconds from I-39, offering high visibility and strong traffic counts.; - Multi-tenant office building suitable for owner-user or value-add investment.
    (920) 968-4700
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    41 Park Ridge Dr Stevens Point, WI 54481
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    Realmo Value Estimation

    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.

    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.

    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
    41 Park Ridge Dr Stevens Point, WI 54481
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