Two-Story Brick Office
3205 TERRACE COURT, Wausau, WI 54401
For Sale
$670,000
Commercial/Industrial, Wausau, WI
Property Size6,180 SF
Lot Size0.52 Acres
Price / SF$108.41
Days on Market160
Property Features for 3205 TERRACE COURT
General Information
Property type
Property subtype
Zoning description
Lot features
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
REMAX EXCEL · RE/MAX International
(715) 849-5544
Listed By:
LISA BERGMANN · License #66538
(715) 218-0692
Added: Jun 1
Changed: Oct 26
Last Checked: Nov 7 at 1:06AM
MLS# 22602426
Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1980, this 6,180-square-foot office property is a two-story brick building with a multi-tenant configuration that can also accommodate a single occupant. The building includes baseboard and forced-air heating, central air conditioning, a shingle roof, and a newly paved, well-lighted parking lot. South-facing windows provide views toward Rib Mountain ski area, while the exterior sign offers a substantial identification opportunity.
The property is positioned on Terrace Court with visibility and access from Stewart Ave and Hwy 29. More than 20,000 cars view the building and its exterior business sign per day. The second floor is separately metered for gas, electric, sewer, and water. The current upper-floor tenant is expected to vacate in early Fall 2026, and the sellers can deliver the property with that space occupied or vacant, subject to the agreed arrangement.
The property is positioned on Terrace Court with visibility and access from Stewart Ave and Hwy 29. More than 20,000 cars view the building and its exterior business sign per day. The second floor is separately metered for gas, electric, sewer, and water. The current upper-floor tenant is expected to vacate in early Fall 2026, and the sellers can deliver the property with that space occupied or vacant, subject to the agreed arrangement.
Key Highlights
- 6,180‑square‑foot office building on a 0.52‑acre site
- Two‑story brick construction completed in 1980
- Multi‑tenant layout that can be used by a single occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,605
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,100
$1.2M
Cap Rate 7%
$880,071
$880.1K
Cap Rate 9%
$684,500
$684.5K
Market Conditions
NOI Build-Up for 6,180 SF
Gross rent
$105.3K $17.04/SF
− Vacancy
−$23.2K −$3.75/SF
EGI
$82.1K $13.29/SF
− OpEx
−$20.5K −$3.32/SF
NOI
$61.6K $9.97/SF
Area
Marathon County, WI
Vacancy
22.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,100
Cap Rate 7%
$880,071
Cap Rate 9%
$684,500
Alternative Uses
Best Use
Office B
$880.1K
$770.1K – $1.03M
NOI $61,605 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$999.1K – $1.33M
NOI $79,926 @ 7.0% cap · market cap 11.93%
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
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Marathon County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office configuration with adaptable occupancy, dedicated parking, and prominent exposure near Stewart Ave and Hwy 29.
Where is this office building located?
The property is located at 3205 TERRACE COURT Wausau, WI.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 6,180‑square‑foot office building on a 0.52‑acre site; Two‑story brick construction completed in 1980; Multi‑tenant layout that can be used by a single occupant
