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

    106 Knapp Street Chetek, WI 54728

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Affordable commercial land in a bustling resort town.

    Type:Commercial/Industrial
    Lot size:
    0.07 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 106 Knapp Street

    General Information

    Standard status
    Active
    Lot size
    0.07 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    John Flor Team

    Listing agent John Flor Team License #50595-90

    Listing office Keller Williams Realty Diversified~Chetek

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Keller Williams Realty Diversified~Chetek

    Overview

    Commercial Land in Downtown Chetek

    This commercial land is located a half block from the main street in downtown Chetek, a resort town in Northwestern Wisconsin. The property, formerly the site of the Chetek Youth Center, is situated in the Central Business District. This location may suit business expansion needs or building a shop.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chetek Recreation Arcade & Gaming Center

    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
    Chetek
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.6504
    Latitude
    45.3146

    Nearby Similar for Sale

    • $500,000
      11,214 SF

      Heated Commercial/Industrial Space in Chetek

      Spacious, heated commercial/industrial property in downtown Chetek with income potential.
      521 Knapp Street, Chetek, WI 54728
      View Details
    • $875,000
      1,656 SF

      Resort and Campground on Potato Lake

      Turnkey resort, campground, bar, and restaurant on 2.45 acres.
      N1211 N Potato Lake Road, Chetek, WI 54728
      View Details
    • $599,900
      18,460 SF

      Chetek Industrial/Manufacturing Building For Sale

      18,460 SF industrial/manufacturing building on 2.19 acres in Chetek.
      1110 W Center Street, Chetek, WI 54728
      View Details
    • $23,900

      Chetek Land with Lake Access

      0.59 acre lot with dock slip near Chetek Chain.
      25-25 1/4 Street lot: 6, Chetek, WI 54728
      View Details
    • $129,900

      Commercial Land in Chetek, WI

      0.79-acre commercial parcel with high visibility on well-traveled Hwy SS.
      1844 N Highway Boulevard, Chetek, WI 54728
      View Details
    • $49,900

      Chetek Land: Build Your Dream

      Corner lot near Chetek Chain of Lakes with lake access.
      25-25 1/4 Street lot: 11, Chetek, WI 54728
      View Details
    • $81,999

      Chetek, WI Land For Sale

      Land with no restrictive covenants, near Chetek Chain of Lakes.
      9th Avenue lot: 1, Chetek, WI 54728
      View Details
    • $45,000

      Chetek Golf Course View Lot

      1.11-acre lot with golf course views near Chetek, WI.
      10 1/4 Avenue lot: 13, Chetek, WI 54728
      View Details
    • $385,000

      Chetek Chain of Lakes Land

      5.87-acre wooded lot with 2,200+ feet of lake frontage.
      9 3/4 Avenue, Chetek, WI 54728
      View Details
    • $25,000

      Chetek Land with Lake Access

      0.518-acre lot with shared waterfront access to Lake Pokegama.
      10 & 25 1/4 Avenue lot: 3, Chetek, WI 54728
      View Details
    • $35,000

      Wooded Lot Near Chetek

      One-acre wooded lot near golf course and Chetek Chain.
      10 1/4 Avenue, Chetek, WI 54728
      View Details
    • $60,000

      Chetek, WI Land Opportunity

      4.86 acres of rolling land and woodlands near Chetek, WI.
      N County Road F lot: 1 & 2 Of Csm 1548, Chetek, WI 54728
      View Details

    FAQs

    What type of property is this?
    Commercial land - Affordable commercial land in a bustling resort town.
    Where is this commercial land located?
    The property is located at 106 Knapp Street Chetek, WI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Affordable commercial location in downtown Chetek.; Located a half block off the main street in a bustling resort town.; Very few commercial building spots available in the Central Business District of Chetek.
    (715) 924-4806
    We can help!
    Listing Contact
    John Flor Team
    Real Estate License ID: 50595-90
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!