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

    112 E Veterans Pkwy Marshfield, WI 54449

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $324,900

    Unique Marshfield property with endless retail, restaurant, or office opportunities.

    Property size:
    2,108 SF
    Lot size:
    0.12 Acres

    Property Features for 112 E Veterans Pkwy

    General Information

    Standard status
    Active
    Size
    2,108 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1887

    We can help!

    Listing Contact
    Ashley Fredrick
    Ashley Fredrick
    Source: Exitrealty

    Listing Agency: NEXTHOME HUB CITY Listing Agent: Ashley Fredrick

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

    Learn more

    Overview

    Historic Soo Line Depot Available

    This highly visible property, originally the Soo Line Depot, offers a unique opportunity for various business ventures. The Depot was relocated in 1999 due to the construction of Veterans Parkway and renovated into the Royal Tokyo Teppanyaki Steak House in 2000. The renovation included stripping and refinishing the oak wainscotting, original windows, doors, and trim work. Historical features include two frosted 'pickled' windows along the Southeast wall, which were once the engineer's locker rooms and showers. The window opening into the octagon Station Master's room has trim with 'TEX KT' carved into it, referencing a renowned 20th-century hobo. The two large entry doors were recreated to represent the luggage storage area of the original building. The octagon area, once the Station Master's vantage point, still contains his original desk. The property offers endless opportunities for retail, restaurant, or office space. Recent updates include a new roof in 2018, new A/C compressors in 2019 and 2020, two new furnaces in 2024, and a concrete patio in 2020. The property size is 2108 square feet.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshfield
    County
    Wood
    State
    Wisconsin
    Longitude
    -90.172483
    Latitude
    44.6664403

    Nearby Similar for Sale

    • $194,900
      1,727 SF

      Commercial Building in Marshfield, WI

      Commercial building suitable for office, retail, or investment purposes.
      507 S Chestnut Ave, Marshfield, WI 54449
      View Details
    • $529,900
      1.16 Acres

      Turnkey Day Care Facility

      Fully operational day care center in Marshfield, WI for sale.
      1017 W Laurel St, Marshfield, WI 54449
      View Details
    • $249,000
      2,240 SF

      Marshfield Duplex: Investment Opportunity

      Well-maintained duplexes with immediate income potential in a convenient location.
      1820 E Emerald St, Marshfield, WI 54449
      View Details
    • $249,000
      1,120 SF

      Marshfield Duplex Investment Opportunity

      Well-maintained duplexes near high school, offering immediate income potential.
      1814 E Emerald St, Marshfield, WI 54449
      View Details
    • New
      $264,900
      0.82 Acres

      Marshfield Duplex with Daycare

      Well-maintained duplex with long-term tenants and established daycare.
      806-808 E Vilas St, Marshfield, WI 54449
      View Details
    • New
      $259,900

      Marshfield Duplex with Rental Income

      Well-maintained duplex with long-term tenants, great investment opportunity.
      1304-1304a N Hume Ave, Marshfield, WI 54449
      View Details
    • $218,500
      2,384 SF

      Mixed-Use Building in Downtown Marshfield

      Commercial building with apartment in prime downtown location.
      107 S Central Ave, Marshfield, WI 54449
      View Details
    • $299,900
      5,915 SF

      Marshfield Income Property For Sale

      Mixed-use building with retail space and multiple apartments in Marshfield.
      126 S Central Ave, Marshfield, WI 54449
      View Details
    • New
      $189,900

      Marshfield Fourplex For Sale

      Two-story fourplex in Marshfield, Wisconsin.
      1509 S Palmetto Ave, Marshfield, WI 54449
      View Details
    • Contact for pricing
      5 SF

      Marshfield Mall Outlot with Drive-Thru

      Drive-thru building on Marshfield Mall outlot, highly visible and accessible.
      1305 N Central Ave, Marshfield, WI 54449
      View Details
    • $324,900
      2,108 SF

      Marshfield Commercial Gem

      Historic Building, Endless Potential
      112 Veterans Pkwy, Marshfield, WI 54449
      View Details
    • $530,000
      6,000 SF

      Marshfield Industrial Airpark Property

      6,000 SF Commercial Building, 1.65 Acres
      213 Air Park Rd, Marshfield, WI 54449
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Unique Marshfield property with endless retail, restaurant, or office opportunities.
    Where is this conventional restaurant located?
    The property is located at 112 E Veterans Pkwy Marshfield, WI.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: - Highly visible location ideal for business (retail, restaurant, or office).; - Recent updates include new roof (2018), A/C compressors (2019/2020), and furnaces (2024).; - Historical significance as the original Soo Line Depot.
    (715) 207-9300
    Request Owner's contact information
    112 E Veterans Pkwy Marshfield, WI 54449
    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.
    112 E Veterans Pkwy
    Marshfield, WI 54449
    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
    112 E Veterans Pkwy Marshfield, WI 54449
    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

    We can help!
    Listing Contact
    Ashley Fredrick
    Ashley Fredrick
    Real Estate License ID: 7648994
    (715) 207-9300 (715) 898-1060
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!