Flex Space with Loading
For Sale
$650,000
15 E Walnut St, Chippewa Falls, WI 54729
Commercial facility combines warehouse functionality with dedicated office and meeting space.
Property Size5,560 SF
Lot Size0.51 Acres
Price / SF$116.91
Days on Market49
Property Features for 15 E Walnut St
General Information
Standard status
Active
Size
5,560 SF
Lot size
0.51 Acres
Additional Details
Highway Access
Yes
Amenities
conference room
Building Details
Year Built
1940
Building Size
5,560 SF
Listing Agency:
Align Real Estate
Listed By:
Caleb Stelter
(715) 937-8238
Source:
Danrealtygroup
Added: Aug 20
Changed: Sep 14
Last Checked: Oct 5 at 10:47PM
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 Align Real Estate
Investment Insights
Based on property information with market context.
This 5,560-square-foot flex building occupies a 0.51-acre parcel and offers a practical mix of operational and administrative areas. The interior includes a loading dock, two overhead garage doors, dedicated office space, a conference room, one full bathroom, and two partial bathrooms. These features support a range of commercial, warehouse, showroom, industrial, and mixed-use configurations.
The property is next to newly developed pickleball and basketball courts and near the Chippewa River and Riverfront Park. Access to Business 53, Highways 29, 124, and 178 connects the site with surrounding communities, while downtown is only minutes away. The building’s combination of service access, office improvements, and adaptable commercial space accommodates both operating businesses and owner-users.
The property is next to newly developed pickleball and basketball courts and near the Chippewa River and Riverfront Park. Access to Business 53, Highways 29, 124, and 178 connects the site with surrounding communities, while downtown is only minutes away. The building’s combination of service access, office improvements, and adaptable commercial space accommodates both operating businesses and owner-users.
Key Highlights
- 5,560‑square‑foot flex building on a 0.51‑acre parcel
- Loading dock plus two overhead garage doors
- Dedicated office, conference room, and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,524
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,480
$1.0M
Cap Rate 7%
$721,771
$721.8K
Cap Rate 9%
$561,378
$561.4K
Market Conditions
NOI Build-Up for 5,560 SF
Gross rent
$83.4K $15.00/SF
− Vacancy
−$5.7K −$1.02/SF
EGI
$77.7K $13.98/SF
− OpEx
−$27.2K −$4.89/SF
NOI
$50.5K $9.09/SF
Area
Chippewa County, WI
Vacancy
6.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,480
Cap Rate 7%
$721,771
Cap Rate 9%
$561,378
Alternative Uses
Best Use
Warehouse
$3.09M
$2.70M – $3.60M
NOI $216,071 @ 7.0% cap · market cap 33.24%
Second Best
Industrial
$2.54M
$2.22M – $2.97M
NOI $177,941 @ 7.0% cap · market cap 27.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Current Catering — 36 W Spring St, Chippewa Falls, WI 54729
Frequently Asked Questions
What type of property is this?
Flex space - Commercial facility combines warehouse functionality with dedicated office and meeting space.
Where is this flex space located?
The property is located at 15 E Walnut St Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,560‑square‑foot flex building on a 0.51‑acre parcel; Loading dock plus two overhead garage doors; Dedicated office, conference room, and three bathrooms
