Four-Suite Storefront
New
For Sale
$1,700,000
1571 Hwy 51, Woodruff, WI 54568
The building includes two overhead delivery doors, paved parking, and a detached garage.
Property Size10,580 SF
Price / SF$160.68
Days on Market5
Property Features for 1571 Hwy 51
General Information
Standard status
Active
Size
10,580 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
12 Months
Site & Location
Traffic Count
9,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$121,223
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,457
Amenities
Storage
Building Details
Building Size
10,580 SF
Year Built
2004
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Adam Redman · License #56355 - 90
(715) 892-7325
Source:
Integrityrealtorsllc
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 4:04AM
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 Redman Realty Group, LLC
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Investment Insights
Based on property information with market context.
This four-suite storefront property contains 10,580 square feet, with two overhead delivery doors, paved parking, and a detached two-car garage. The building was constructed in either 2004 or 2008, so the conflicting construction dates are not included here.
Located on US Hwy 51 in Woodruff, the property has direct highway access and an average daily traffic count of 9,300. Nearby businesses include retail and service providers; the Lakeland Airport, schools, hospitals, commerce, and gas stations are also in the surrounding area.
Located on US Hwy 51 in Woodruff, the property has direct highway access and an average daily traffic count of 9,300. Nearby businesses include retail and service providers; the Lakeland Airport, schools, hospitals, commerce, and gas stations are also in the surrounding area.
Key Highlights
- 10,580‑square‑foot building divided into four suites
- Direct access from US Hwy 51; average daily traffic count of 9,300
- Two overhead delivery doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,217
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,904,340
$1.9M
Cap Rate 7%
$1,360,243
$1.4M
Cap Rate 9%
$1,057,967
$1.1M
Market Conditions
NOI Build-Up for 10,580 SF
Gross rent
$139.7K $13.20/SF
− Vacancy
−$3.6K −$0.34/SF
EGI
$136.0K $12.86/SF
− OpEx
−$40.8K −$3.86/SF
NOI
$95.2K $9.00/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,904,340
Cap Rate 7%
$1,360,243
Cap Rate 9%
$1,057,967
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,217 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$4.95M
$4.33M – $5.78M
NOI $346,635 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54568, WI
5,175
Population
3,855
Households
1.3
Avg Household Size
55
Median Age
36%
College-Educated
96%
High-School Grad
71.2 sq mi
ZIP Area
73
Density / Sq Mi
$71,944
Median Household Income
$45,337
Median Earnings
$791
Median Rent
$262,100
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The building includes two overhead delivery doors, paved parking, and a detached garage.
Where is this storefront property located?
The property is located at 1571 Hwy 51 Woodruff, WI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 10,580‑square‑foot building divided into four suites; Direct access from US Hwy 51; average daily traffic count of 9,300; Two overhead delivery doors
