Live-Work Building with Full
For Sale
$699,900
1210 Mansfield St, Chippewa Falls, WI 54729
Existing commercial improvements combine office, service, storage, and support areas within a flexible work-oriented property.
Property Size3,704 SF
Price / SF$188.96
Days on Market14
Property Features for 1210 Mansfield St
General Information
Standard status
Active
Size
3,704 SF
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1992
Listing Agency:
Elite Realty Group, LLC
(612) 445-4981
Listed By:
Mary F Rufledt
Source:
Homesminn
Added: Aug 16
Changed: Aug 29
Last Checked: Aug 25 at 4:52AM
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 Elite Realty Group, LLC
Investment Insights
Based on property information with market context.
Built in 1992, this live-work property includes a lobby, florist/workstation area, two offices, storage, a break area, full and half baths, and a chemical room. A full basement provides additional storage, while the existing commercial layout offers multiple defined spaces for work and service functions.
The property is located in the West Hill area of Chippewa Falls near schools, parks, and downtown. Seven existing greenhouses are scheduled for removal, creating additional open area on the site. Water and sewer are available along three sides of the property.
Residential use is subject to conditional use approval from the City of Chippewa Falls. Buyers should independently confirm zoning, permitted uses, approval requirements, and redevelopment options with the city.
The property is located in the West Hill area of Chippewa Falls near schools, parks, and downtown. Seven existing greenhouses are scheduled for removal, creating additional open area on the site. Water and sewer are available along three sides of the property.
Residential use is subject to conditional use approval from the City of Chippewa Falls. Buyers should independently confirm zoning, permitted uses, approval requirements, and redevelopment options with the city.
Key Highlights
- 1992‑built live‑work property in Chippewa Falls’ West Hill area
- Two offices, lobby, florist/workstation area, storage, break area, and chemical room
- Full basement adds substantial storage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,060
$750.1K
Cap Rate 7%
$535,757
$535.8K
Cap Rate 9%
$416,700
$416.7K
Market Conditions
NOI Build-Up for 3,704 SF
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.
Gross rent
$66.7K $18.00/SF
− Vacancy
−$6.7K −$1.80/SF
EGI
$60.0K $16.20/SF
− OpEx
−$22.5K −$6.07/SF
NOI
$37.5K $10.13/SF
Area
Chippewa County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,060
Cap Rate 7%
$535,757
Cap Rate 9%
$416,700
Alternative Uses
Best Use
Mixed Use
$535.8K
$468.8K – $625.1K
NOI $37,503 @ 7.0% cap · market cap 5.36%
Second Best
Office B
$528.9K
$462.8K – $617.0K
NOI $37,021 @ 7.0% cap · market cap 5.29%
Theoretical Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $143,944 @ 7.0% cap · market cap 20.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
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?
Live-work space - Existing commercial improvements combine office, service, storage, and support areas within a flexible work-oriented property.
Where is this live-work space located?
The property is located at 1210 Mansfield St Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 1992‑built live‑work property in Chippewa Falls’ West Hill area; Two offices, lobby, florist/workstation area, storage, break area, and chemical room; Full basement adds substantial storage space
