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Medical Office Building For Sale

123 Northridge St Marshfield, WI 54449

123 Northridge St, Marshfield, WI, 54449
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20,361 SF building with leased and vacant space.

Property Size20,361 SF
Lot Size2.70 Acres
Price / SF$166.99
AddedMay 16
Days on Market61
Last RefreshJul 14 at 6:12 am

Property Features for 123 Northridge St

General Information

Standard status
Active
Size
20,361 SF
Lot size
2.70 Acres
Property subtype
Office

Building Details

Year Built
2001

Listing office Century 21 Gold Key Realty

Listing date May 16, 2026

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 Century 21 Gold Key Realty


Investment Insights

Based on property information with market context.

This 20,361 square foot building presents an investment opportunity. A portion of the building, 10,944 square feet, is currently leased to a tenant. The remaining 9,417 square feet is available for lease or owner occupancy. The building contains over 15 private offices, conference rooms, and a workroom with cubicles. Originally constructed for use as a medical facility, the building is equipped with a full sprinkler system and an alarm system. The property is situated on a 2.7-acre lot, providing ample parking for tenants.

Key Highlights

  • Substantial 20,361 sq ft building with existing tenant.
  • 10,944 sq ft currently leased to a strong tenant.
  • Significant 9,417 sq ft available for lease or owner occupancy.

Local Financial Insights For Healthcare Medical

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 $447.1k $21.96
− Vacancy −$38.0k −$1.87
EGI $409.1k $20.09
− OpEx −$163.6k −$8.04
NOI $245.5k $12.06
20,361 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$3.51M
$3.07M – $4.09M (±1% cap)
NOI $245,473 @ 7.0% cap · market cap 7.22%
Second Best
Office B
$2.59M
$2.26M – $3.02M (±1% cap)
NOI $180,958 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$3.95M
$3.46M – $4.61M (±1% cap)
NOI $276,504 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

DaVita Marshfield At Home Medical Clinic DaVita Marshfield Dialysis Medical Clinic Ascension at Home - Ministry ... Home Health Care Service

Suggested Use

Building Supply Big Box & Wholesale Store HVAC Service Electrical Service Nail Salon Spa & Massage Center Skin Care Clinic Bakery Storage Facility Carpet & Flooring Store

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

FAQs

What type of property is this?
Office building - 20,361 SF building with leased and vacant space.
Where is this office building located?
The property is located at 123 Northridge St Marshfield, WI.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Substantial 20,361 sq ft building with existing tenant.; **10,944 sq ft currently leased to a strong tenant.**; **Significant 9,417 sq ft available for lease or owner occupancy.**
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