Retail Suite with Salon
3001 Michigan Avenue #Suite C, Stevens Point, WI 54481
For Sale
New
Contact for pricing
An adaptable interior includes existing styling stations and storage for service-oriented occupancy.
Property Size1,430 SF
Price / SF$1.40
Days on Market4
Property Features for 3001 Michigan Avenue #Suite C
General Information
Standard status
Size
Property subtype
Zoning
Amenities
handicap accessible
storage space
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail suite at 3001 Michigan Avenue, Suite C, in Stevens Point offers an adaptable interior with multiple styling stations and generous storage. The stations may remain or be removed, and the layout can be reconfigured for other business uses. The space is accessible and includes on-site parking near the entrance. The building dates to 1958 and is zoned Industrial.
Key Highlights
- Multiple styling stations are in place and may remain or be removed
- Adaptable floor plan with generous storage
- Accessible space with parking at the entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,264
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,280
$285.3K
Cap Rate 7%
$203,771
$203.8K
Cap Rate 9%
$158,489
$158.5K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$21.5K $15.00/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$20.4K $14.25/SF
− OpEx
−$6.1K −$4.27/SF
NOI
$14.3K $9.98/SF
Area
Portage County, WI
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,280
Cap Rate 7%
$203,771
Cap Rate 9%
$158,489
Alternative Uses
Best Use
Retail
$203.8K
$178.3K – $237.7K
NOI $14,264 @ 7.0% cap · market cap 713.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$278.3K
$243.5K – $324.7K
NOI $19,481 @ 7.0% cap · market cap 974.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Groceries 20%
Dining 4%
Kwik Trip
Shops & Services
25,895 visits/mo
0.3 miles
Save-A-Lot
Groceries
9,919 visits/mo
0.4 miles
BP
Shops & Services
6,088 visits/mo
0.3 miles
Dollar General
Shops & Services
4,728 visits/mo
0.4 miles
SUBWAY
Dining
1,772 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An adaptable interior includes existing styling stations and storage for service-oriented occupancy.
Where is this retail space located?
The property is located at 3001 Michigan Avenue #Suite C Stevens Point, WI.
What are key features of this property?
This property features: Multiple styling stations are in place and may remain or be removed; Adaptable floor plan with generous storage; Accessible space with parking at the entrance
