Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Chetek Steel Storage Condominiums Title is generated by Realmo AI

    2788 7 5/8 Avenue, Chetek, WI 54728

    View on Map
    Claim this Listing
    For Sale
    $119,900

    COMMERCIAL - Chetek, WI

    Property size:
    1,500 SF
    Lot size:
    8.62 Acres
    Price / SF:
    $79/SF
    Added:
    Feb 10, 2025
    Days on Market:
    462
    Last Refresh:
    May 18 at 6:06 am

    Property Features for 2788 7 5/8 Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Exterior features
    Lighting
    Standard status
    Active
    APN
    012451806000
    Size
    1,500 SF
    Lot size
    8.62 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Cooling system
    Wall Unit(s)
    Water source
    Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    2025
    Building materials
    Steel

    We can help!

    Listing Contact
    John Flor Team

    Listing agent John Flor Team License #50595-90

    Listing office Keller Williams Realty Diversified~Chetek PO Box 45, 424 2nd St., Eau Claire, WI

    Listing date Feb 10, 2025

    MLS# 1588795

    Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1500 sq ft steel storage building, ideal for personal shop or 'man cave'.
    • Access to the Chetek Chain of Lakes via optional dock extension.
    • Insulated, heated, and cooled units for year‑round use.
    • New construction (2025) in the Moose Ear Condominium Development.
    • Enjoy easy access with the 14x14 overhead door.
    • Steel interior finish for durability.

    Overview

    These 1500 square foot steel storage buildings are located in the new Moose Ear Condominium Development. Each of the nine available units will be outfitted with a 14x14 overhead door and finished inside with steel and LP. The units are insulated, heated, and cooled. These types of units have become popular in other areas of the Midwest and are often used as personal shops. Located in Chetek, WI, the property offers access to the Chetek Chain of Lakes. A dock extension can be purchased to add onto the common dock for boat or pontoon parking. The property is situated on a lot that measures 8.62 acres.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Chetek
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.583932
    Latitude
    45.316057

    Nearby Similar for Sale

    • $500,000
      11,214 SF

      Heated Commercial/Industrial Space in Chetek

      Spacious, heated commercial/industrial property in downtown Chetek with income potential.
      521 Knapp Street, Chetek, WI 54728
      View Details
    • $875,000
      1,656 SF

      Resort and Campground on Potato Lake

      Turnkey resort, campground, bar, and restaurant on 2.45 acres.
      N1211 N Potato Lake Road, Chetek, WI 54728
      View Details
    • $599,900
      18,460 SF

      Chetek Industrial/Manufacturing Building For Sale

      18,460 SF industrial/manufacturing building on 2.19 acres in Chetek.
      1110 W Center Street, Chetek, WI 54728
      View Details
    • $119,900
      1,500 SF

      Upscale Storage Condominium Units Available

      New 1500 SF steel storage units with lake access.
      2788 7 5/8 Avenue, Chetek, WI 54728
      View Details
    • $699,900
      57,620 SF

      Industrial Property with 57,620 SqFt

      Industrial property featuring 57,620 SqFt of space for sale.
      625 4th St, Chetek, WI 54728
      View Details
    • $699,000

      Turn-Key Drive-In Theater Business

      20-acre drive-in theater with restaurant and living quarters.
      995 22nd St, Chetek, WI 54728
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Upscale 1500 SF storage units with lake access potential.
    Where is this self storage facility located?
    The property is located at 2788 7 5/8 Avenue Chetek, WI.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: 1500 sq ft steel storage building, ideal for personal shop or 'man cave'.; Access to the Chetek Chain of Lakes via optional dock extension.; Insulated, heated, and cooled units for year‑round use.
    (715) 205-3776
    We can help!
    Listing Contact
    John Flor Team
    Real Estate License ID: 50595-90
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2788 7 5/8 Avenue, Chetek, WI 54728
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!