Drive-Through Restaurant
1501 W McMillan Street, Marshfield, WI 54449
For Sale
New
Contact for pricing
Separately metered space features a service counter, dining area, and shared restrooms.
Property Size1,648 SF
Price / SF$0.01
Days on Market4
Property Features for 1501 W McMillan Street
General Information
Standard status
Size
Property subtype
Site & Location
Drive-Thru
Highway Access
Utilities to Site
Additional Details
Equipment Included
Building Details
Building Size
Year Built
Listing Agency:
Nai Pfefferle
(715) 261-2922
Listed By:
Ark Rhowmine · License #549890
(715) 297-1953
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:58PM
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 Nai Pfefferle
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Investment Insights
Based on property information with market context.
This 1,648 SF restaurant suite, built in 2006, has a drive-through window, service counter, and a large dining area. The Class B building has a brick exterior and tile flooring throughout. Restrooms are shared, and natural gas and electricity are metered separately. The space previously housed a Subway and is offered without restaurant equipment.
The property is in Marshfield, one block from Hwy 13, and next to a gas station and convenience store. Building utilities include natural gas heat, air conditioning, municipal water, and sewer.
The property is in Marshfield, one block from Hwy 13, and next to a gas station and convenience store. Building utilities include natural gas heat, air conditioning, municipal water, and sewer.
Key Highlights
- 1,648 SF restaurant suite with a drive‑through window
- Built in 2006; Class B building with brick exterior and tile flooring
- Service counter and large dining area; shared restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,380
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,600
$447.6K
Cap Rate 7%
$319,714
$319.7K
Cap Rate 9%
$248,667
$248.7K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$31.2K $18.96/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$29.8K $18.11/SF
− OpEx
−$7.5K −$4.53/SF
NOI
$22.4K $13.58/SF
Area
Wood County, WI
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,600
Cap Rate 7%
$319,714
Cap Rate 9%
$248,667
Alternative Uses
Best Use
Specialty Retail
$319.7K
$279.8K – $373.0K
NOI $22,380 @ 7.0% cap · market cap 223,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 67%
Shops & Services 33%
Fleet Farm
Apparel
41,255 visits/mo
0.3 miles
Kwik Trip
Shops & Services
20,552 visits/mo
0.1 miles
Demographics for 54449, WI
26,417
Population
12,455
Households
2.1
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
153
Density / Sq Mi
$66,611
Median Household Income
$43,612
Median Earnings
$812
Median Rent
$194,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Separately metered space features a service counter, dining area, and shared restrooms.
Where is this drive through restaurant located?
The property is located at 1501 W McMillan Street Marshfield, WI.
What are key features of this property?
This property features: 1,648 SF restaurant suite with a drive‑through window; Built in 2006; Class B building with brick exterior and tile flooring; Service counter and large dining area; shared restrooms
