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

    700 E Division Street Neillsville, WI 54456

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $365,000

    Commercial building on 1.15 acres, ideal for business.

    Type:Commercial/Industrial
    Property size:
    4,985 SF
    Lot size:
    1.15 Acres
    Price / SF:
    $73/SF
    Added:
    Mar 12, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 5 at 9:03 pm

    Property Features for 700 E Division Street

    General Information

    Standard status
    Active
    Size
    4,985 SF
    Lot size
    1.15 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1981

    We can help!

    Listing Contact
    RITA A BLENKER
    RITA A BLENKER

    Listing agent RITA A BLENKER License #28287-90

    Listing office CENTURY 21 GOLD KEY

    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 CENTURY 21 GOLD KEY

    Overview

    Prime Commercial Building in Neillsville

    This commercial building, situated on 1.15 acres, offers a location suitable for various business operations. The brick building features a reception area, five private offices, a large conference room, several cubicles, and a kitchen area. A new monument sign enhances visibility. The property is currently under a lease with Tricor that goes through November 15, 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Neillsville
    County
    Clark
    State
    Wisconsin
    Longitude
    -90.588
    Latitude
    44.5526

    Nearby Similar for Sale

    • $329,000

      Waterfront Land with Lake Access

      Prime waterfront property with lake access and RV hookups.
      N899 Resewood, Neillsville, WI 54456
      View Details
    • $99,500
      2,200 SF

      Historic Commercial Space For Sale

      Unique commercial property with historic charm and versatile space.
      132 E 4TH STREET, Neillsville, WI 54456
      View Details
    • $169,900
      1,488 SF

      Downtown Neillsville Commercial Property

      Affordable commercial building in downtown Neillsville, Wisconsin.
      212 W 7TH STREET, Neillsville, WI 54454
      View Details
    • $49,900

      Steel Building in Neillsville, WI

      Durable 1,064 sq ft steel building for versatile use.
      607 Clay Street, Neillsville, WI 54456
      View Details
    • $149,900

      Commercial Building with Shop, Office

      Versatile commercial building featuring shop, storage, and office space.
      608 West Street, Neillsville, WI 54456
      View Details
    • $74,900

      Downtown Neillsville Commercial Space

      Multi-use commercial space in downtown Neillsville, Wisconsin.
      631 Hewett Street, Neillsville, WI 54456
      View Details
    • $249,500
      2,450 SF

      Highway 10 Office Building

      Office building on Highway 10 with ample parking.
      7 Tiff Avenue, Neillsville, WI 54456
      View Details
    • $249,000
      7,900 SF

      Class A Professional Building

      High-quality, versatile office building in Neillsville's business district.
      501 Hewett Street, Neillsville, WI 54456
      View Details
    • $74,900
      1,540 SF

      Downtown Neillsville Commercial Space

      Multi-use commercial space in downtown Neillsville.
      631 Hewett St, Neillsville, WI 54456
      View Details
    • $69,900
      2,184 SF

      Mixed-Use Property in Neillsville

      Commercial space with upstairs apartment in a strategic location.
      118 W 6th Street, Neillsville, WI 54456
      View Details
    • $365,000
      4,985 SF

      Prime Commercial Building For Sale

      Commercial building with offices, conference room, and kitchen area.
      700 E Divison St, Neillsville, WI 54456
      View Details
    • $824,900
      9,480 SF

      Versatile Commercial Property with Repair Bays

      9,480 sq ft commercial building with auto repair capabilities.
      W6916 Ridge Rd, Neillsville, WI 54456
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial building on 1.15 acres, ideal for business.
    Where is this office building located?
    The property is located at 700 E Division Street Neillsville, WI.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Prime location in Neillsville.; Large 1.15 acre lot.; Brick building with professional reception area.
    (715) 387-2121
    We can help!
    Listing Contact
    RITA A BLENKER
    RITA A BLENKER
    Real Estate License ID: 28287-90
    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!