Historic Creative
For Sale
Contact for pricing
1408 STRONGS AVENUE Unit 1141 Clark Street, Stevens Point, WI 54481
Flexible interiors include open areas, private offices, storage, and shared community bathrooms.
Property Size1,400 SF
Days on Market9
Property Features for 1408 STRONGS AVENUE Unit 1141 Clark Street
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Additional Details
Property Use
Call Center, Dining Space
Amenities
community bathrooms
storage space
open space
private offices
Building Details
Year Built
1923
Listing Agency:
FIRST WEBER
Listed By:
MANCHESKI & ASSOCIATES, INC. · License #5844490
(715) 498-9197
Source:
Lakecountryflatfee
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:42PM
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 FIRST WEBER
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Investment Insights
Based on property information with market context.
Built in 1923, this historic property offers space configured with open areas, private offices, storage, and community bathrooms. Existing setups include call center and dining areas, with available space ranging from 500 sf to 1,400 sf.
The property is close to the riverfront, public square, and local businesses.
The property is close to the riverfront, public square, and local businesses.
Key Highlights
- Available spaces range from 500 sf to 1,400 sf
- Interior features include open areas, private offices, storage, and community bathrooms
- Built in 1923; close to the riverfront, public square, and local businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,071
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,420
$261.4K
Cap Rate 7%
$186,729
$186.7K
Cap Rate 9%
$145,233
$145.2K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$22.3K $15.96/SF
− Vacancy
−$4.9K −$3.51/SF
EGI
$17.4K $12.45/SF
− OpEx
−$4.4K −$3.11/SF
NOI
$13.1K $9.34/SF
Area
Portage County, WI
Vacancy
22.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,420
Cap Rate 7%
$186,729
Cap Rate 9%
$145,233
Alternative Uses
Best Use
Office B
$186.7K
$163.4K – $217.9K
NOI $13,071 @ 7.0% cap · market cap 326,775.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$272.5K
$238.4K – $317.9K
NOI $19,072 @ 7.0% cap · market cap 476,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
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Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Creative space - Flexible interiors include open areas, private offices, storage, and shared community bathrooms.
Where is this creative space located?
The property is located at 1408 STRONGS AVENUE Unit 1141 Clark Street Stevens Point, WI.
What are key features of this property?
This property features: Available spaces range from 500 sf to 1,400 sf; Interior features include open areas, private offices, storage, and community bathrooms; Built in 1923; close to the riverfront, public square, and local businesses
