Building Details

Building Size 3,914 SF

Stories 1

Construction half-log siding

Listing Agency: Shorewest - Eagle River a***@shorewest.com

Listed By: Ryan Burgy · License #81409 - 94 Show Phone

Source: Birchlandrealty

Added: Jul 9, 2024 Changed: Oct 22 Last Checked: Oct 22 at 2:17PM

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Investment Insights

Based on property information with market context.

This 3,914-square-foot retail building occupies a 2.16-acre parcel and includes four bathrooms, a partial basement, and installed septic. Half-log siding adds a distinct exterior finish. Interior features include food and beverage coolers, a walk-in beer cooler, and six live wells.

The property has approximately 192 feet of frontage on Hwy 51 and 491 feet along Oneida St, which is on a snowmobile trail. DOT traffic counts range from 7,000 to 10,200 vehicles per day on Hwy 51.

Key Highlights

• 3,914‑square‑foot retail building on a 2.16‑acre parcel
• Approximately 192 feet of frontage on Hwy 51
• 491 feet of frontage along Oneida St, on a snowmobile trail

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,225

Cap Rate

8.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,500 $704.5K

Cap Rate 7%

$503,214 $503.2K

Cap Rate 9%

$391,389 $391.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,914 SF

Gross rent

$51.7K $13.20/SF

− Vacancy

−$1.3K −$0.34/SF

EGI

$50.3K $12.86/SF

− OpEx

−$15.1K −$3.86/SF

NOI

$35.2K $9.00/SF

Area

Oneida County, WI

Vacancy

2.60%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,500

Cap Rate 7%

$503,214

Cap Rate 9%

$391,389

Alternative Uses

Best Use

Retail

$503.2K

$440.3K – $587.1K (±1% cap)

NOI $35,225 @ 7.0% cap · market cap 8.82%

Second Best

—

—

no second resolved use

Theoretical Best

Industrial

$1.83M

$1.60M – $2.14M (±1% cap)

NOI $128,235 @ 7.0% cap · market cap 32.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Garden Center Building Supply Cafe & Coffee Shop Tattoo & Piercing Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10,200 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Explore this area Business Placement

Demographics for 54531, WI

1,479

Population

1,546

Households

1

Avg Household Size

57

Median Age

34%

College-Educated

95%

High-School Grad

64.3 sq mi

ZIP Area

23

Density / Sq Mi

$80,000

Median Household Income

$37,000

Median Earnings

$1,045

Median Rent

$322,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Food and beverage coolers, a walk-in beer cooler, and live wells support a specialized retail operation.

Where is this retail space located?

The property is located at 6995 Hwy 51 Hazelhurst, WI.

What is the asking price?

The asking price for this property is $399,500.

What are key features of this property?

This property features: 3,914‑square‑foot retail building on a 2.16‑acre parcel; Approximately 192 feet of frontage on Hwy 51; 491 feet of frontage along Oneida St, on a snowmobile trail