220,000 SF Retail
For Sale
$34,000,000
3165 Old Town Hall Rd, Eau Claire, WI 54701
Built in 2018, strategically positioned near Interstate 94.
Property Size220,000 SF
Lot Size24.00 Acres
Price / SF$154.55
Days on Market213
Property Features for 3165 Old Town Hall Rd
General Information
Standard status
Active
Size
220,000 SF
Lot size
24.00 Acres
Property subtype
Retail
Building Details
Year Built
2018
Listed By:
Ryan Erickson · License #WI #58263-90
(715) 318-8666
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Oct 4 at 8:17AM
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 Ryan Erickson
Investment Insights
Based on property information with market context.
Built in 2018, this 220,000 SF retail property is strategically positioned along Interstate 94 and just moments from Oakwood Mall and other national retailers. The site offers excellent visibility, high traffic counts, and access to a strong regional trade area. Situated on over 24 acres at 3165 Old Town Hall Road, the property includes a full-service retail store with a garden center, auto service department, fuel station, and car wash, creating multiple customer draw points and durable long term demand.
Key Highlights
- 220,000 SF retail property built in 2018
- Located along Interstate 94, near Oakwood Mall and other national retailers
- Situated on over 24 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,047,062
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$60,941,240
$60.9M
Cap Rate 7%
$43,529,457
$43.5M
Cap Rate 9%
$33,856,244
$33.9M
Market Conditions
NOI Build-Up for 220,000 SF
Gross rent
$4.17M $18.96/SF
− Vacancy
−$108.5K −$0.49/SF
EGI
$4.06M $18.47/SF
− OpEx
−$1.02M −$4.62/SF
NOI
$3.05M $13.85/SF
Area
Eau Claire County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$60,941,240
Cap Rate 7%
$43,529,457
Cap Rate 9%
$33,856,244
Alternative Uses
Best Use
Industrial
$248.29M
$217.26M – $289.67M
NOI $17,380,440 @ 7.0% cap · market cap 51.12%
Second Best
Specialty Retail
$43.53M
$38.09M – $50.78M
NOI $3,047,062 @ 7.0% cap · market cap 8.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54701, WI
41,346
Population
17,932
Households
2.3
Avg Household Size
35
Median Age
42%
College-Educated
98%
High-School Grad
86.0 sq mi
ZIP Area
481
Density / Sq Mi
$71,406
Median Household Income
$37,658
Median Earnings
$963
Median Rent
$265,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Shoppes at Oakwood — 4665 Keystone Crossing, Eau Claire, WI 54701, United States
- Oak Pointe Plaza — 4076 Commonwealth Ave, Eau Claire, WI 54701
Frequently Asked Questions
What type of property is this?
Shopping center - Built in 2018, strategically positioned near Interstate 94.
Where is this shopping center located?
The property is located at 3165 Old Town Hall Rd Eau Claire, WI.
What is the asking price?
The asking price for this property is $34,000,000.
What are key features of this property?
This property features: 220,000 SF retail property built in 2018; Located along Interstate 94, near Oakwood Mall and other national retailers; Situated on over 24 acres
