Class A Office
For Sale
$1,250,000
1400 MERRILL AVENUE, Wausau, WI 54401
Well-maintained Class A office building with natural lighting and easy access.
Property Size8,750 SF
Price / SF$142.86
Days on Market199
Property Features for 1400 MERRILL AVENUE
General Information
Standard status
Active
Size
8,750 SF
Property subtype
Industrial
Zoning
Commercial
Building Details
Year Built
1996
Listed By:
Stevens Point Realty Inc.
(715) 544-0419
Source:
Stevenspointre.idxbroker
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 9 at 4:17PM
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 Stevens Point Realty Inc.
Investment Insights
Based on property information with market context.
This attractive, Class A office building, constructed in 1996 and well-maintained, features natural lighting throughout and provides a professional environment. The main level includes a reception area, three conference rooms, one office, file storage, a utility and IT room, and a break room/kitchen area. The second level consists of three executive office suites with access to a deck/balcony, six private offices, and nine cubicles and work alcoves. A two-stall heated garage is present, which could be converted to office or leasable space. The property offers easy highway access on Wausau’s northwest side. The property size is 8,750 square feet.
Key Highlights
- Class A office building offering a professional environment.
- Features nine private offices and additional workspaces.
- Easy highway access on Wausau’s northwest side.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,224
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,480
$1.7M
Cap Rate 7%
$1,246,057
$1.2M
Cap Rate 9%
$969,156
$969.2K
Market Conditions
NOI Build-Up for 8,750 SF
Gross rent
$149.1K $17.04/SF
− Vacancy
−$32.8K −$3.75/SF
EGI
$116.3K $13.29/SF
− OpEx
−$29.1K −$3.32/SF
NOI
$87.2K $9.97/SF
Area
Marathon County, WI
Vacancy
22.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,480
Cap Rate 7%
$1,246,057
Cap Rate 9%
$969,156
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.45M
NOI $87,224 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.41M – $1.89M
NOI $113,164 @ 7.0% cap · market cap 9.05%
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
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained Class A office building with natural lighting and easy access.
Where is this office building located?
The property is located at 1400 MERRILL AVENUE Wausau, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Class A office building offering a professional environment.; Features nine private offices and additional workspaces.; Easy highway access on Wausau’s northwest side.
