Open-Plan Retail
1509 W McMillan Street, Marshfield, WI 54449
For Sale
New
Contact for pricing
The interior supports either office or retail occupancy.
Property Size1,270 SF
Price / SF$0.01
Days on Market4
Property Features for 1509 W McMillan Street
General Information
Standard status
Size
Class
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Property Use
Amenities
separate utility meters
shared restrooms
Building Details
Building Size
Year Built
Construction
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,270-square-foot commercial space offers an open layout for office or retail use. The 2006 Class B building has a brick exterior, separately metered natural gas and electricity, and shared restrooms.
The property is on W. McMillan Street in northwest Marshfield, one block from Highway 13. The space is adjacent to a gas station/convenience store and a restaurant.
The property is on W. McMillan Street in northwest Marshfield, one block from Highway 13. The space is adjacent to a gas station/convenience store and a restaurant.
Key Highlights
- 1,270 SF of open space for office or retail use
- 2006 Class B building with brick exterior
- Separate natural gas and electricity meters; shared restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,070
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,400
$181.4K
Cap Rate 7%
$129,571
$129.6K
Cap Rate 9%
$100,778
$100.8K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$14.5K $11.40/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$13.0K $10.20/SF
− OpEx
−$3.9K −$3.06/SF
NOI
$9.1K $7.14/SF
Area
Wood County, WI
Vacancy
10.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,400
Cap Rate 7%
$129,571
Cap Rate 9%
$100,778
Alternative Uses
Best Use
Retail
$129.6K
$113.4K – $151.2K
NOI $9,070 @ 7.0% cap · market cap 90,700.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$246.4K
$215.6K – $287.5K
NOI $17,247 @ 7.0% cap · market cap 172,470.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The interior supports either office or retail occupancy.
Where is this retail space located?
The property is located at 1509 W McMillan Street Marshfield, WI.
What are key features of this property?
This property features: 1,270 SF of open space for office or retail use; 2006 Class B building with brick exterior; Separate natural gas and electricity meters; shared restrooms
