Chetek Commercial Building For
202 Kleve Street, Chetek, WI 54728
1,641 SF building suitable for medical or office use.
Type:Commercial/Industrial
Property size:
1,641 SFLot size:
1.88 AcresPrice / SF:
$182/SF- Added:
- Jan 23, 2025
- Days on Market:
- 492
- Last Refresh:
- May 27 at 1:52 pm
Property Features for 202 Kleve Street
General Information
- Standard status
- Active
- Size
- 1,641 SF
- Lot size
- 1.88 Acres
- Property subtype
- Commercial/Industrial
Listing agent Charles Feather License #57513-90 (715) 308-6600
Listing office Feather Real Estate Group~Rice Lake (715) 308-6600
Listing date Jan 23, 2025
Source Exitrealty
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 Feather Real Estate Group~Rice Lake
HighLights
- 1.88 acre commercial site offers room for expansion.
- Move‑in ready and currently vacant.
- Versatile 1,641 SF building suitable for medical or office use.
- Includes a large reception area, bathroom, 3 offices, utility, and storage.
- Located in the 'beautiful city of Chetek'.
- Well‑priced.
Overview
This 1,641 SF commercial building is located in Chetek and is suitable for a variety of uses from medical to office. The building features a large reception area, a bathroom, three offices, and utility and storage spaces. The property is situated on a 1.88-acre commercial site, which offers room for storage buildings or apartments. The building is currently vacant and move-in ready.
Local Financial Insights For Office B
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 | $28.9k | $17.64 |
| − Vacancy | −$6.4k | −$3.88 |
| EGI | $22.6k | $13.76 |
| − OpEx | −$5.6k | −$3.44 |
| NOI | $16.9k | $10.32 |
1,641 SF · lease $17.64/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$241.9K
$211.7K – $282.2K
NOI $16,934 @ 7.0% cap · market cap 5.65%
Second Best
Healthcare Medical
$232.9K
$203.8K – $271.8K
NOI $16,305 @ 7.0% cap · market cap 5.44%
Theoretical Best
Warehouse
$1.32M
$1.15M – $1.54M
NOI $92,295 @ 7.0% cap · market cap 30.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Chetek Veterinary Clinic
Veterinary Clinic
Similar Places Nearby
- Chetek Veterinary Clinic — 202 Kleve St, Chetek, WI 54728
Location Insight
- Map
- Local Demand
- City
- Chetek
- County
- Barron
- State
- Wisconsin
- Longitude
- -91.6522773
- Latitude
- 45.3111082
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 1,641 SF building suitable for medical or office use.
Where is this medical office space located?
The property is located at 202 Kleve Street Chetek, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1.88 acre commercial site offers room for expansion.; Move‑in ready and currently vacant.; Versatile 1,641 SF building suitable for medical or office use.
