Historic Mixed-Use
311 W Grand Avenue, Wisconsin Rapids, WI 54495
For Sale
New
Contact for pricing
A partially finished basement provides additional space and storage beyond the building’s main area.
Property Size9,742 SF
Price / SF$0.41
Days on Market4
Property Features for 311 W Grand Avenue
General Information
Standard status
Size
Property subtype
Zoning
Amenities
vault
safety deposit boxes
underground tunnel
Building Details
Building Size
Year Built
Listing Agency:
First Weber
(715) 341-6688
Listed By:
Peter Harris · License #3830390
(715) 498-6688
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.
Built in 1921, this 9,742-square-foot downtown property retains a bank vault and safety deposit boxes from its former use. A partially finished basement provides additional space and storage beyond the stated building area. Commercial zoning is in place.
At 311 W Grand Avenue, the property has an underground tunnel connection to a separate drive-through and walk-up building at 361 W Grand Avenue. That building is also available for lease.
At 311 W Grand Avenue, the property has an underground tunnel connection to a separate drive-through and walk-up building at 361 W Grand Avenue. That building is also available for lease.
Key Highlights
- 9,742‑square‑foot building constructed in 1921
- Former bank vault and safety deposit boxes remain in place
- Partially finished basement adds space and storage beyond the stated building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,578
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,560
$1.4M
Cap Rate 7%
$993,971
$994.0K
Cap Rate 9%
$773,089
$773.1K
Market Conditions
NOI Build-Up for 9,742 SF
Gross rent
$111.1K $11.40/SF
− Vacancy
−$11.7K −$1.20/SF
EGI
$99.4K $10.20/SF
− OpEx
−$29.8K −$3.06/SF
NOI
$69.6K $7.14/SF
Area
Wood County, WI
Vacancy
10.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,560
Cap Rate 7%
$993,971
Cap Rate 9%
$773,089
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,297 @ 7.0% cap · market cap 3,311.56%
Second Best
Mixed Use
$1.41M
$1.23M – $1.64M
NOI $98,638 @ 7.0% cap · market cap 2,469.04%
Theoretical Best
—
—
same as Best Use
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
528
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Dollar General
Shops & Services
5,944 visits/mo
0.3 miles
SUBWAY
Dining
3,777 visits/mo
0.2 miles
BP
Shops & Services
3,462 visits/mo
0.5 miles
Associated Bank
Shops & Services
3,385 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,053 visits/mo
0.3 miles
Demographics for 54495, WI
7,638
Population
3,605
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
104.0 sq mi
ZIP Area
73
Density / Sq Mi
$49,476
Median Household Income
$32,586
Median Earnings
$804
Median Rent
$117,900
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?
Mixed-use property - A partially finished basement provides additional space and storage beyond the building’s main area.
Where is this mixed-use property located?
The property is located at 311 W Grand Avenue Wisconsin Rapids, WI.
What are key features of this property?
This property features: 9,742‑square‑foot building constructed in 1921; Former bank vault and safety deposit boxes remain in place; Partially finished basement adds space and storage beyond the stated building area
