Second-Floor Restaurant with
130 N 1st Street, Wausau, WI 54403
For Sale
New
Contact for pricing
A passenger elevator and staircase serve a venue with varied seating areas and space for dining, bar service, and private events.
Property Size5,100 SF
Price / SF$0.78
Days on Market4
Property Features for 130 N 1st Street
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Building Details
Building Size
Year Built
Construction
Listing Agency:
Rock Solid Real Estate
(715) 846-7625
Listed By:
The Waraksa Group · License WI #6014790
(715) 846-1300
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 9 at 3:13PM
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 Rock Solid Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,100-square-foot restaurant occupies the second floor of a brick building constructed in 1973. Access is available by elevator or staircase. Interior features include tall ceilings, south-facing windows, several seating areas, and a small stage. The layout accommodates dining, bar seating, lounging, and private gatherings.
At 130 N 1st Street in downtown Wausau, the property is near shopping, nightlife, and downtown apartments. The 400 Block summer concerts and performances at the Grand Theater are also identified as nearby activity sources.
At 130 N 1st Street in downtown Wausau, the property is near shopping, nightlife, and downtown apartments. The 400 Block summer concerts and performances at the Grand Theater are also identified as nearby activity sources.
Key Highlights
- 5,100‑square‑foot restaurant space on the building’s second floor
- Brick building constructed in 1973
- Elevator and staircase access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,958
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,160
$1.3M
Cap Rate 7%
$942,257
$942.3K
Cap Rate 9%
$732,867
$732.9K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$91.8K $18.00/SF
− Vacancy
−$3.9K −$0.76/SF
EGI
$87.9K $17.24/SF
− OpEx
−$22.0K −$4.31/SF
NOI
$66.0K $12.93/SF
Area
Marathon County, WI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,160
Cap Rate 7%
$942,257
Cap Rate 9%
$732,867
Alternative Uses
Best Use
Specialty Retail
$942.3K
$824.5K – $1.10M
NOI $65,958 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54403, WI
24,712
Population
11,171
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
133.6 sq mi
ZIP Area
185
Density / Sq Mi
$66,040
Median Household Income
$41,670
Median Earnings
$942
Median Rent
$179,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A passenger elevator and staircase serve a venue with varied seating areas and space for dining, bar service, and private events.
Where is this conventional restaurant located?
The property is located at 130 N 1st Street Wausau, WI.
What are key features of this property?
This property features: 5,100‑square‑foot restaurant space on the building’s second floor; Brick building constructed in 1973; Elevator and staircase access
