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Mixed-Use Property with Restaurant
New
For Sale
$550,000

227 South Central Avenue, Marshfield, WI 54449

Marshfield, WI

Property Size18,326 SF
Lot Size0.31 Acres
Price / SF$30.01
Days on Market2

Property Features for 227 South Central Avenue

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active
Size 18,326 SF
Lot size 0.31 Acres

Building Details

Year built 1889
Listing Agency: NextHome Hub City
Listed By: Connie Reiter-Miller · License #63359-94,PersonLicenseNumber
Added: Sep 18 Changed: Sep 19 Last Checked: Sep 19 at 7:06PM
MLS# 22604654

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-building mixed-use property includes a restaurant, bar, banquet hall, floral gift shop, and an occupied apartment. The restaurant operation includes a buffet setup, and most restaurant equipment conveys, with certain items leased separately. A large glass display case is included with the floral retail space, while the floral cooler is excluded.

The upper level contains an 1,804-square-foot, three-bedroom, one-bath apartment leased to long-term tenants. Additional vacant upper-level space offers hardwood floors and several partitioned rooms. The property contains 18,326 square feet on 0.31 acres and was built in 1889. Seven rear parking spaces are available, supplemented by municipal parking behind the property and street parking along the front. The address is 227 South Central Avenue in downtown Marshfield, Wisconsin.

Key Highlights

  • Mixed‑use property with restaurant, bar, banquet hall, floral gift shop, and apartment
  • 18,326 square feet across two buildings on 0.31 acres
  • 1,804‑square‑foot, three‑bedroom, one‑bath apartment with long‑term tenants

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service Accounting Firm (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

837
Businesses Nearby
86k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 42% Groceries 32% Dining 13% Home Improvements & Furnishings 10%
Kwik Trip Shops & Services
30,398 visits/mo 0.2 miles
Pick 'n Save Groceries
27,206 visits/mo 0.2 miles
True Value Hardware Home Improvements & Furnishings
6,961 visits/mo 0.3 miles
Little Caesars Pizza Dining
5,801 visits/mo 0.5 miles
Associated Bank Shops & Services
3,618 visits/mo 0.2 miles

Demographics for 54449, WI

26,417
Population
12,455
Households
2.1
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
153
Density / Sq Mi
$66,611
Median Household Income
$43,612
Median Earnings
$812
Median Rent
$194,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-building downtown property combines food service, retail, and residential occupancy.
Where is this mixed-use property located?
The property is located at 227 South Central Avenue Marshfield, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Mixed‑use property with restaurant, bar, banquet hall, floral gift shop, and apartment; 18,326 square feet across two buildings on 0.31 acres; 1,804‑square‑foot, three‑bedroom, one‑bath apartment with long‑term tenants
More about this property
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