Mixed-Use Property with Studio
315 S Central Ave, Marshfield, WI 54449
For Sale
New
$229,800
The renovated lower floor combines two open studio areas with reception space and ADA-compliant restrooms.
Property Size1,640 SF
Price / SF$140.12
Days on Market6
Property Features for 315 S Central Ave
General Information
Standard status
Size
Property Condition
Severity
Evidence
Additional Details
Currently Operating
Amenities
front reception area
ADA-compliant bathrooms
new rubber roof
Building Details
Stories
Listing Agency:
BROCK AND DECKER REAL ESTATE, LLC
Listed By:
BROCK & DECKER REAL ESTATE · License #5964190
(715) 305-6096
Source:
Exprealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:29PM
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 BROCK AND DECKER REAL ESTATE, LLC
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Investment Insights
Based on property information with market context.
At 1,640 square feet, this mixed-use property includes a renovated lower level currently used as a yoga studio. Two open studio rooms are complemented by a front reception area and two ADA-compliant bathrooms. A new rubber roof has also been installed.
The upper floor was previously arranged as two apartments and may be renovated for a different configuration. Its plumbing is disconnected, and there is no heat source. The property is in downtown Marshfield at 315 S Central Ave.
The upper floor was previously arranged as two apartments and may be renovated for a different configuration. Its plumbing is disconnected, and there is no heat source. The property is in downtown Marshfield at 315 S Central Ave.
Key Highlights
- 1,640‑square‑foot mixed‑use property in downtown Marshfield
- Renovated lower level has two open studio areas and a reception space
- Two ADA‑compliant bathrooms on the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,605
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,100
$332.1K
Cap Rate 7%
$237,214
$237.2K
Cap Rate 9%
$184,500
$184.5K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$29.5K $18.00/SF
− Vacancy
−$3.0K −$1.80/SF
EGI
$26.6K $16.20/SF
− OpEx
−$10.0K −$6.07/SF
NOI
$16.6K $10.13/SF
Area
Wood County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,100
Cap Rate 7%
$237,214
Cap Rate 9%
$184,500
Alternative Uses
Best Use
Mixed Use
$237.2K
$207.6K – $276.8K
NOI $16,605 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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Business Placement
Demographics for 54449, WI
26,417
Population
12,455
Households
2.1
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
153
Density / Sq Mi
$66,611
Median Household Income
$43,612
Median Earnings
$812
Median Rent
$194,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The renovated lower floor combines two open studio areas with reception space and ADA-compliant restrooms.
Where is this mixed-use property located?
The property is located at 315 S Central Ave Marshfield, WI.
What is the asking price?
The asking price for this property is $229,800.
What are key features of this property?
This property features: 1,640‑square‑foot mixed‑use property in downtown Marshfield; Renovated lower level has two open studio areas and a reception space; Two ADA‑compliant bathrooms on the lower level
