Mixed-Use Property with
New
For Sale
$389,900
325 Knapp Street, Chetek, WI 54728
Office space and an adjoining furnished home provide two distinct components under commercial zoning.
Property Size3,217 SF
Price / SF$121.20
Days on Market3
Property Features for 325 Knapp Street
General Information
Standard status
Active
Size
3,217 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Utilities to Site
Yes
Property Use
Office
Building Details
Building Size
3,217 SF
Year Built
1930
Buildings
1
Listing Agency:
Associated Realty LLC
(715) 234-1111
Listed By:
Cathy Hansen
(715) 234-2151
Source:
Howardandwilliams
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 1:47AM
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 Associated Realty LLC
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Investment Insights
Based on property information with market context.
At 325 Knapp Street in Chetek, this 3,217-square-foot mixed-use property combines office space with an adjoining furnished residence. The office includes a reception area and a room with an alley-facing retractable bank drawer. The residence has three bedrooms and one and a half bathrooms.
Built in 1930 and remodeled in the 1990s, the building has separate gas and electric meters. Commercial zoning applies to the property.
Built in 1930 and remodeled in the 1990s, the building has separate gas and electric meters. Commercial zoning applies to the property.
Key Highlights
- 3,217‑square‑foot mixed‑use building with office and adjoining residence
- Furnished residence with 3 bedrooms and 1 1/2 bathrooms
- Gas and electric utilities are separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,198
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,960
$664.0K
Cap Rate 7%
$474,257
$474.3K
Cap Rate 9%
$368,867
$368.9K
Market Conditions
NOI Build-Up for 3,217 SF
Gross rent
$56.7K $17.64/SF
− Vacancy
−$12.5K −$3.88/SF
EGI
$44.3K $13.76/SF
− OpEx
−$11.1K −$3.44/SF
NOI
$33.2K $10.32/SF
Area
Barron County, WI
Vacancy
22.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,960
Cap Rate 7%
$474,257
Cap Rate 9%
$368,867
Alternative Uses
Best Use
Mixed Use
$634.2K
$554.9K – $739.9K
NOI $44,395 @ 7.0% cap · market cap 11.39%
Second Best
Office B
$474.3K
$415.0K – $553.3K
NOI $33,198 @ 7.0% cap · market cap 8.51%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.02M
NOI $180,934 @ 7.0% cap · market cap 46.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
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Business Placement
Demographics for 54728, WI
6,166
Population
3,491
Households
1.8
Avg Household Size
50
Median Age
22%
College-Educated
96%
High-School Grad
125.6 sq mi
ZIP Area
49
Density / Sq Mi
$71,538
Median Household Income
$40,310
Median Earnings
$897
Median Rent
$214,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office space and an adjoining furnished home provide two distinct components under commercial zoning.
Where is this mixed-use property located?
The property is located at 325 Knapp Street Chetek, WI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 3,217‑square‑foot mixed‑use building with office and adjoining residence; Furnished residence with 3 bedrooms and 1 1/2 bathrooms; Gas and electric utilities are separately metered
