Two-Unit Manufacturing
For Sale
$999,500
150 S 84th Avenue, Wausau, WI 54401
Separate electric and gas services support the building’s two-unit configuration, with one unit leased and the other owner occupied.
Property Size10,500 SF
Lot Size2.23 Acres
Price / SF$95.19
Days on Market9
Property Features for 150 S 84th Avenue
General Information
Standard status
Active
Size
10,500 SF
Lot size
2.23 Acres
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
18 ft
Clear Span
Yes
Warehouse Space
5,000 SF
Dock-High Doors
1
Drive-In Doors
3
Voltage
480 V
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$8,627
Amenities
alarm system
break room
ADA shower
air conditioning
Building Details
Year Renovated
2026
Buildings
1
Tenancy
Multi
Listing Agency:
FIRST WEBER
Listed By:
BRADLEY WOLDT · License #56821-90
(715) 270-0830
Source:
Exprealty
Added: Oct 8
Changed: Oct 16
Last Checked: Oct 16 at 1:56PM
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.
Configured for manufacturing and warehouse use, the 10,500-square-foot building contains two separate units on 2.23 acres. The south unit has 5,500 square feet and is leased to a long-term tenant; it includes two offices, a restroom, and two drive-in doors. The north unit offers 5,000 square feet of clear-span space and is owner occupied, with an office, break and reception area, bathroom with shower, and a drive-in door. The layout can be returned to a single-unit configuration.
Building features include three drive-in doors, a loading dock, three offices, a break room, two restrooms, air conditioning, an alarm system, and ceiling heights ranging from 12 to 18 feet. Electrical service includes 110/220/480 voltage and single- and three-phase power. Municipal services and natural gas serve the property. A new roof and ceiling insulation were installed in 10/2026. Paved parking is provided at both the front and rear, with room on the 2.23-acre site to expand. The property offers access to Highway 29 E and W and Highway 51 N and S.
Building features include three drive-in doors, a loading dock, three offices, a break room, two restrooms, air conditioning, an alarm system, and ceiling heights ranging from 12 to 18 feet. Electrical service includes 110/220/480 voltage and single- and three-phase power. Municipal services and natural gas serve the property. A new roof and ceiling insulation were installed in 10/2026. Paved parking is provided at both the front and rear, with room on the 2.23-acre site to expand. The property offers access to Highway 29 E and W and Highway 51 N and S.
Key Highlights
- Two‑unit manufacturing and warehouse building on 2.23 acres
- South unit has 5,500 square feet and is leased to a long‑term tenant
- North unit has 5,000 square feet of clear‑span space and is owner occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,845
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,900
$1.7M
Cap Rate 7%
$1,212,071
$1.2M
Cap Rate 9%
$942,722
$942.7K
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$107.1K $10.20/SF
− Vacancy
−$7.3K −$0.69/SF
EGI
$99.8K $9.51/SF
− OpEx
−$15.0K −$1.43/SF
NOI
$84.8K $8.08/SF
Area
Marathon County, WI
Vacancy
6.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,900
Cap Rate 7%
$1,212,071
Cap Rate 9%
$942,722
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,845 @ 7.0% cap · market cap 8.49%
Second Best
Industrial
$998.2K
$873.4K – $1.16M
NOI $69,872 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,797 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
69
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Separate electric and gas services support the building’s two-unit configuration, with one unit leased and the other owner occupied.
Where is this manufacturing property located?
The property is located at 150 S 84th Avenue Wausau, WI.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: Two‑unit manufacturing and warehouse building on 2.23 acres; South unit has 5,500 square feet and is leased to a long‑term tenant; North unit has 5,000 square feet of clear‑span space and is owner occupied
