Multiroom Retail
3001 Michigan Avenue #Suite B, Stevens Point, WI 54481
For Sale
New
Contact for pricing
An ADA-compliant interior is arranged across several separate rooms.
Property Size2,500 SF
Price / SF$0.80
Days on Market4
Property Features for 3001 Michigan Avenue #Suite B
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
First Weber
(715) 341-6688
Listed By:
Mancheski & Associates, Inc. · License #5844490
(715) 498-9197
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:59PM
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 First Weber
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Investment Insights
Based on property information with market context.
This 2,500-square-foot retail space at 3001 Michigan Avenue, Suite B, is divided into multiple rooms. The property was built in 1958 and is described as a former quilt shop. ADA compliance is noted, and the stated zoning is Industrial.
Key Highlights
- 2,500 square feet of retail space
- Multiple rooms within the interior
- ADA‑compliant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,342
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,840
$466.8K
Cap Rate 7%
$333,457
$333.5K
Cap Rate 9%
$259,356
$259.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$39.9K $15.96/SF
− Vacancy
−$8.8K −$3.51/SF
EGI
$31.1K $12.45/SF
− OpEx
−$7.8K −$3.11/SF
NOI
$23.3K $9.34/SF
Area
Portage County, WI
Vacancy
22.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,840
Cap Rate 7%
$333,457
Cap Rate 9%
$259,356
Alternative Uses
Best Use
Retail
$356.3K
$311.7K – $415.6K
NOI $24,938 @ 7.0% cap · market cap 1,246.90%
Second Best
Office B
$333.5K
$291.8K – $389.0K
NOI $23,342 @ 7.0% cap · market cap 1,167.10%
Theoretical Best
Specialty Retail
$486.5K
$425.7K – $567.6K
NOI $34,057 @ 7.0% cap · market cap 1,702.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
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Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An ADA-compliant interior is arranged across several separate rooms.
Where is this retail space located?
The property is located at 3001 Michigan Avenue #Suite B Stevens Point, WI.
What are key features of this property?
This property features: 2,500 square feet of retail space; Multiple rooms within the interior; ADA‑compliant space
