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Highway 51 Commercial Property

1571 US HWY 51 N Woodruff, WI 54568

1571 US HWY 51 N, Woodruff, WI, 54568
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Income-producing, four-suite commercial property near Minocqua, Wisconsin.

Property Size10,580 SF
Price / SF$160.68
AddedMay 18
Days on Market58
Last RefreshJul 5 at 1:22 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 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


Investment Insights

Based on property information with market context.

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.

Key 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.

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
10,580 SF · lease $13.20/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.36M
$1.19M – $1.59M (±1% cap)
NOI $95,217 @ 7.0% cap · market cap 5.60%
Second Best
Mixed Use
$1.11M
$974.8K – $1.30M (±1% cap)
NOI $77,985 @ 7.0% cap · market cap 4.59%
Theoretical Best
Industrial
$4.95M
$4.33M – $5.78M (±1% cap)
NOI $346,635 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Real Estate Agency Building Supply Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Repair Shop Carpet & Flooring Store Catering Service Hair Salon Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

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.**
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