3205 Terrace Court, Wausau, WI 54401
South and east visibility supports strong storefront-style signage for an owner-operator or multi-tenant office use.
- Added:
- Jun 9, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 17 at 2:41 am
Property Features for 3205 Terrace Court
General Information
- Standard status
- Active
- Size
- 6,180 SF
- Property subtype
- Office, Mixed Use, Special Purpose
Building Details
- Year Built
- 1980
Listing agent Lisa Bergmann License #66538
Listing office RE/MAX Excel (715) 218-0692
Listing date Jun 9, 2026
Source Crexi
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 RE/MAX Excel
HighLights
- Year built: 1980.
- South and east‑facing sides are highly visible from Stewart Ave and Hwy 29 for storefront‑style signage.
- South‑facing windows offer a view of the Rib Mountain ski area.
- Second‑floor tenant will vacate in early fall 2026; sellers can fill or deliver with second floor or entire building vacant.
- Utilities are paid by sellers as of now: WPSC for gas/electric and Wausau Water Works for sewer/water.
- Second floor is separately metered for utilities; common area maintenance charges are not currently passed to tenants.
Overview
The building’s south and east exposures offer prominent visibility from Stewart Ave and Hwy 29. The second-floor tenant has purchased a larger industrial building and is scheduled to vacate in early fall 2026, creating flexibility to lease the vacancy, deliver the building with the second floor vacant, or deliver it fully vacant if desired.
Current sellers pay all utilities, with gas/electric through WPSC and sewer/water through Wausau Water Works. They do not currently pass on any common area maintenance charges to tenants. With the second floor separately metered, a future tenant could assume utility expenses based on the negotiated terms, while an owner-operator may prefer maintaining the building as multi-tenant with the existing first-floor occupants.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.3k | $17.04 |
| − Vacancy | −$23.2k | −$3.75 |
| EGI | $82.1k | $13.29 |
| − OpEx | −$20.5k | −$3.32 |
| NOI | $61.6k | $9.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6763895
- Latitude
- 44.956517
