Five-Building Industrial
For Sale
$5,400,000
1505 S Central Ave, Marshfield, WI 54449
Industrial facility with multiple buildings and substantial operational space in Marshfield, Wisconsin.
Property Size98,317 SF
Lot Size13.76 Acres
Price / SF$54.92
Days on Market49
Property Features for 1505 S Central Ave
General Information
Standard status
Active
Size
98,317 SF
Lot size
13.76 Acres
Property subtype
Vacant-User
Amenities
Function Industrial Outdoor Storage (IOS)
Long-Standing Industrial Use
Owner-User or Investment Opportunity
Building Details
Building Size
98,317 SF
Year Built
1956
Buildings
5
Listed By:
Sharon Monagas · License #License(s): TX: 796286
(512) 338-7814
Source:
Marcusmillichap
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 5 at 3:09PM
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 Sharon Monagas
Investment Insights
Based on property information with market context.
This industrial property comprises five buildings with a combined 98,317 square feet of facility space. Constructed in 1956, the asset is located at 1505 S Central Ave in Marshfield, Wisconsin, and is identified as vacant in the listing title.
The property sits within a central Wisconsin market served by U.S. Highway 10, State Highway 13, and State Highway 97. Marshfield supports industrial, logistics, healthcare, agricultural, alternative energy, and advanced manufacturing activity, with three industrial parks identified in the surrounding market. The city also serves as the headquarters location for Roehl Transport.
The property sits within a central Wisconsin market served by U.S. Highway 10, State Highway 13, and State Highway 97. Marshfield supports industrial, logistics, healthcare, agricultural, alternative energy, and advanced manufacturing activity, with three industrial parks identified in the surrounding market. The city also serves as the headquarters location for Roehl Transport.
Key Highlights
- Five‑building industrial property
- 98,317‑square‑foot facility
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$425,738
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,514,760
$8.5M
Cap Rate 7%
$6,081,971
$6.1M
Cap Rate 9%
$4,730,422
$4.7M
Market Conditions
NOI Build-Up for 98,317 SF
Gross rent
$645.0K $6.56/SF
− Vacancy
−$36.8K −$0.37/SF
EGI
$608.2K $6.19/SF
− OpEx
−$182.5K −$1.86/SF
NOI
$425.7K $4.33/SF
Area
Wood County, WI
Vacancy
5.70%
Lease Rate
$6.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,514,760
Cap Rate 7%
$6,081,971
Cap Rate 9%
$4,730,422
Alternative Uses
Best Use
Warehouse
$7.39M
$6.46M – $8.62M
NOI $516,967 @ 7.0% cap · market cap 9.57%
Second Best
Industrial
$6.08M
$5.32M – $7.10M
NOI $425,738 @ 7.0% cap · market cap 7.88%
Theoretical Best
Specialty Retail
$19.07M
$16.69M – $22.25M
NOI $1,335,155 @ 7.0% cap · market cap 24.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 54449, WI
26,417
Population
12,455
Households
2.1
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
153
Density / Sq Mi
$66,611
Median Household Income
$43,612
Median Earnings
$812
Median Rent
$194,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial facility with multiple buildings and substantial operational space in Marshfield, Wisconsin.
Where is this industrial property located?
The property is located at 1505 S Central Ave Marshfield, WI.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Five‑building industrial property; 98,317‑square‑foot facility; Built in 1956
