Mixed-Use Property with
For Sale
$539,900
13941 98th Ave, Chippewa Falls, WI 54729
Two separate lots have individual driveways, wells, conventional septic, and high-speed fiber service.
Property Size3,600 SF
Price / SF$149.97
Days on Market9
Property Features for 13941 98th Ave
General Information
Standard status
Active
Size
3,600 SF
Building Details
Year Built
2011
Listing Agency:
eXp Realty LLC
Listed By:
Victoria Bischel · License #85109-94
(866) 848-6990
Source:
Homcentric
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 4 at 3:53PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
The property comprises two lots with separate driveways and two buildings. One building is insulated and heated, with a bathroom and office; the other is plumbed for in-floor heat and has a bathroom. The property is identified as built in 2011 and includes a koi pond, open fields, and mature trees.
The lots contain 2.5 acres and 3.5 acres, respectively. The property is near Lake Wissota and Chippewa Falls, with access to nearby highways. Existing site features include two wells, conventional septic, and high-speed fiber service.
The source describes agricultural and business uses, as well as potential residential development subject to zoning approvals. It also identifies the buildings for business or personal use.
The lots contain 2.5 acres and 3.5 acres, respectively. The property is near Lake Wissota and Chippewa Falls, with access to nearby highways. Existing site features include two wells, conventional septic, and high-speed fiber service.
The source describes agricultural and business uses, as well as potential residential development subject to zoning approvals. It also identifies the buildings for business or personal use.
Key Highlights
- Two lots: 2.5 acres and 3.5 acres, each with a separate driveway
- Two buildings; one is insulated and heated, with a bathroom and office
- Second building is plumbed for in‑floor heat and includes a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,450
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,000
$729.0K
Cap Rate 7%
$520,714
$520.7K
Cap Rate 9%
$405,000
$405.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$6.5K −$1.80/SF
EGI
$58.3K $16.20/SF
− OpEx
−$21.9K −$6.07/SF
NOI
$36.5K $10.13/SF
Area
Chippewa County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,000
Cap Rate 7%
$520,714
Cap Rate 9%
$405,000
Alternative Uses
Best Use
Mixed Use
$520.7K
$455.6K – $607.5K
NOI $36,450 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,902 @ 7.0% cap · market cap 25.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate lots have individual driveways, wells, conventional septic, and high-speed fiber service.
Where is this mixed-use property located?
The property is located at 13941 98th Ave Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two lots: 2.5 acres and 3.5 acres, each with a separate driveway; Two buildings; one is insulated and heated, with a bathroom and office; Second building is plumbed for in‑floor heat and includes a bathroom
