1571 HWY 51, Woodruff, WI 54568
COMMERCIAL - Woodruff, WI
- Added:
- Apr 17, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 5 at 6:06 am
Property Features for 1571 HWY 51
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 2
- Parking features
- Garage, Driveway
- Interior features
- Storage
- Standard status
- Active
- APN
- 2-982-07
- Size
- 10,580 SF
- Lot size
- 1.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PRT GOVT LOT 1
- Tax Annual Amount
- 6457
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Concrete, Carpet, Vinyl
- Building materials
- Cedar, Frame, MetalSiding
- Roof type
- Metal
- Additional Structures
- Outbuilding, Storage
Listing agent ADAM REDMAN License #56355 - 90 (715) 892-7325
Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI (715) 358-0450
Listing date Apr 17, 2026
Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10,580 SF 4‑suite commercial building on US Hwy 51, just north of Minocqua, WI
- All suites are leased; class A commercial leases reported with 2026 gross rents totaling $121,223
- Suite sizes: A 2,720 SF, B 2,430 SF, C 2,925 SF, D 2,525 SF
- 2 overhead delivery doors plus blacktopped parking and a 2‑car detached garage
- Year built 2004; metal roof with construction materials including cedar, frame, and metal siding
- Utilities: central air; forced air natural gas and electric heating; well water and public sewer
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.7k | $13.20 |
| − Vacancy | −$3.6k | −$0.34 |
| EGI | $136.0k | $12.86 |
| − OpEx | −$40.8k | −$3.86 |
| NOI | $95.2k | $9.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Woodruff
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.6969803
- Latitude
- 45.9247638
