Self-Storage Building with Lake
For Sale
Under Contract
$124,900
2788A 7 5/8 Avenue, Chetek, WI 54728
CommercialSale, Chetek, WI
Property Size1,500 SF
Lot Size8.62 Acres
Price / SF$83.27
Days on Market566
Property Features for 2788A 7 5/8 Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Unzoned
Exterior features
Lighting
Subdivision
Moose Ear Condos
Elementary school district
Chetek-Weyerhaeuser Area
Middle school district
Chetek-Weyerhaeuser Area
High school district
Chetek-Weyerhaeuser Area
Directions
Chetek, East on County D, West (Right) on 7 5/8 Ave to properties on Right.
Standard status
Active Under Contract
APN
012451807000
Size
1,500 SF
Lot size
8.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 7 & 1/15 Int in Common Elements Moose Ear Condominium
Legal Description
Unit 7 & 1/15 Int in Common Elements Moose Ear Condominium
Utilities
Cooling system
Wall Unit(s)
Water source
Well
Water front features
Lake
Water front
1
Building Details
Year built
2026
Building materials
Steel
Listing Agency:
Keller Williams Realty Diversified~Chetek
(715) 924-4806
Listed By:
John Flor Team · License #50595-90
(715) 205-3776
Added: Feb 10, 2025
Changed: Aug 19
Last Checked: Aug 30 at 11:06AM
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.
Investment Insights
Based on property information with market context.
These self-storage buildings are under construction within the Moose Ear Condominium Development and are designed for enclosed storage, workshop, or personal-use applications. Each building contains 1,500 square feet and is constructed with steel, insulation, interior steel and LP finishes, heating, cooling, lighting, and a 14-by-14-foot overhead door. Wall-unit cooling and well water are provided.
The development occupies 8.62 acres in Chetek, Wisconsin, with lake frontage and access to the Chetek Chain of Lakes. Owners may purchase a dock extension for use with the common dock, providing space for a boat or pontoon. Multiple units are available, subject to availability, and the buildings are scheduled for completion in 2026.
The development occupies 8.62 acres in Chetek, Wisconsin, with lake frontage and access to the Chetek Chain of Lakes. Owners may purchase a dock extension for use with the common dock, providing space for a boat or pontoon. Multiple units are available, subject to availability, and the buildings are scheduled for completion in 2026.
Key Highlights
- 1,500‑square‑foot steel storage buildings under construction
- 14‑by‑14‑foot overhead door for each building
- Insulated interiors finished with steel and LP
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,441
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$108,820
$108.8K
Cap Rate 7%
$77,729
$77.7K
Cap Rate 9%
$60,456
$60.5K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$9.0K $6.00/SF
− Vacancy
−$630 −$0.42/SF
EGI
$8.4K $5.58/SF
− OpEx
−$2.9K −$1.95/SF
NOI
$5.4K $3.63/SF
Area
Barron County, WI
Vacancy
7.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$108,820
Cap Rate 7%
$77,729
Cap Rate 9%
$60,456
Alternative Uses
Best Use
Warehouse
$1.21M
$1.05M – $1.41M
NOI $84,365 @ 7.0% cap · market cap 67.55%
Second Best
Industrial
$992.5K
$868.5K – $1.16M
NOI $69,477 @ 7.0% cap · market cap 55.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 54728, WI
6,166
Population
3,491
Households
1.8
Avg Household Size
50
Median Age
22%
College-Educated
96%
High-School Grad
125.6 sq mi
ZIP Area
49
Density / Sq Mi
$71,538
Median Household Income
$40,310
Median Earnings
$897
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - New steel storage units offer insulated, climate-controlled interiors and optional access to a shared dock.
Where is this self storage facility located?
The property is located at 2788A 7 5/8 Avenue Chetek, WI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1,500‑square‑foot steel storage buildings under construction; 14‑by‑14‑foot overhead door for each building; Insulated interiors finished with steel and LP
