Completely Renovated Office
For Sale
$150,000
1201 S 11th Ave, Wausau, WI 54401
Completely renovated 1949 concrete block office building with paved side, front, and rear parking and multiple entries.
Property Size1,148 SF
Price / SF$130.66
Days on Market42
Property Features for 1201 S 11th Ave
General Information
Standard status
Active
Size
1,148 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
kitchen/break room
Building Details
Year Built
1949
Buildings
1
Building Size
1,148 SF
Construction
concrete block
Listing Agency:
REMAX EXCEL
(715) 573-5552
Listed By:
MICHAEL WALTERS
(715) 573-5552
Source:
Exprealty
Added: Jun 25
Changed: Jul 30
Last Checked: Jul 31 at 7:10PM
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 REMAX EXCEL
Investment Insights
Based on property information with market context.
This completely renovated concrete block office building was originally built in 1949 and has had both the exterior and interior updated. The building totals 1,148 square feet and is laid out with seven rooms, including a bath and a kitchen/break room, with five separate rooms for offices plus a lobby.
The property offers front and side entries and access off S. 11th Avenue and Bopf Street. Heating and utilities include natural gas forced air heat and central air, along with a natural gas water heater and a 200 Amp electrical service. Floor coverings are laminate and carpet.
Ample parking is provided on the side, front, and rear with all-paved parking areas, supporting convenient client and staff access.
The property offers front and side entries and access off S. 11th Avenue and Bopf Street. Heating and utilities include natural gas forced air heat and central air, along with a natural gas water heater and a 200 Amp electrical service. Floor coverings are laminate and carpet.
Ample parking is provided on the side, front, and rear with all-paved parking areas, supporting convenient client and staff access.
Key Highlights
- Completely renovated exterior and interior of 1949 concrete block office building
- 1,148 SF layout with seven rooms plus bath and kitchen/break room
- Five separate office rooms and a lobby with front and side entries
Financial Insights For Office B
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 | $19.6k | $17.04 |
| − Vacancy | −$4.3k | −$3.75 |
| EGI | $15.3k | $13.29 |
| − OpEx | −$3.8k | −$3.32 |
| NOI | $11.4k | $9.97 |
1,148 SF · lease $17.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$163.5K
$143.1K – $190.7K
NOI $11,444 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$212.1K
$185.6K – $247.5K
NOI $14,847 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
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 - Completely renovated 1949 concrete block office building with paved side, front, and rear parking and multiple entries.
Where is this office units located?
The property is located at 1201 S 11th Ave Wausau, WI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Completely renovated exterior and interior of 1949 concrete block office building; 1,148 SF layout with seven rooms plus bath and kitchen/break room; Five separate office rooms and a lobby with front and side entries
