Highway 51 Commercial
1571 US HWY 51 N, Woodruff, WI 54568
Income-producing, four-suite commercial property near Minocqua, Wisconsin.
Type:Retail, Mixed Use, Office
Property size:
10,580 SFPrice / SF:
$160/SF- Added:
- May 18, 2026
- Days on Market:
- 11
- Last Refresh:
- May 20 at 4:57 am
Property Features for 1571 US HWY 51 N
General Information
- Standard status
- Active
- Size
- 10,580 SF
- Property subtype
- Retail, Mixed Use, Office
Listing agent Adam Redman License #WI
Listing office Redman Realty Group, LLC
Listing date May 18, 2026
Source Crexi
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
HighLights
- Income‑producing commercial property with a history of full occupancy and Class A commercial leases.
- Prime location on US Hwy 51 with high visibility and easy access, benefiting from a daily traffic count of 9,300.
- Well‑maintained and updated 10,580 sq ft building constructed in 2008.
- Significant blacktopped parking area and a 2‑car detached garage.
- Gross rents totaling $121,223 in 2026, with lease agreements and P&L statements available.
- Features 2 overhead delivery doors, suitable for various commercial uses.
Overview
This commercial property, located on US Highway 51 just north of Minocqua, Wisconsin, presents an income-producing opportunity. Constructed in 2008, the 10,580 square foot building has been well-maintained and updated. The property features four suites and has historically been fully leased with Class A commercial leases. Gross rents are projected to total $121,223 in 2026. Lease agreements and P&L statements are available. The property benefits from high visibility and direct access on Highway 51, which sees an average daily traffic count of 9,300 vehicles. The building includes two overhead delivery doors and a significant blacktopped parking area, as well as a two-car detached garage. The suite sizes are as follows: Suite A is 2,720 square feet, Suite B is 2,430 square feet, Suite C is 2,925 square feet, and Suite D is 2,525 square feet. Neighboring businesses include retail and service providers. The property is located near the Lakeland Airport, schools, hospitals, commerce, and gas stations.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.06M
NOI $95,217 @ 9.00% cap · cautious / downside scenario
Moderate
$1.36M
NOI $95,217 @ 7.00% cap · market / base-case scenario
Aggressive
$1.90M
NOI $95,217 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 |
10,580 SF · lease $13.20/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,217 @ 7.0% cap · market cap 5.60%
Second Best
Mixed Use
$1.11M
$974.8K – $1.30M
NOI $77,985 @ 7.0% cap · market cap 4.59%
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 local authorities.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Woodruff
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.696052
- Latitude
- 45.927275
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Income-producing, four-suite commercial property near Minocqua, Wisconsin.
Where is this mixed-use property located?
The property is located at 1571 US HWY 51 N 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: Income‑producing commercial property with a history of full occupancy and Class A commercial leases.; Prime location on US Hwy 51 with high visibility and easy access, benefiting from a daily traffic count of 9,300.; Well‑maintained and updated **10,580 sq ft building constructed in 2008.**
