Storefront with Private
For Sale
$189,000
33 E Columbia Street, Chippewa Falls, WI 54729
Open-concept commercial space with a private office, restroom, and covered rear parking.
Property Size1,008 SF
Price / SF$187.50
Days on Market10
Property Features for 33 E Columbia Street
General Information
Standard status
Active
Size
1,008 SF
Taxes and HOA fees
Annual Taxes
$1,593
Listing Agency:
Sugar Key Realty LLC
Listed By:
Sarah Starck · License #6068790
(715) 579-9687
Source:
Exprealty
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 24 at 2:41PM
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 Sugar Key Realty LLC
Investment Insights
Based on property information with market context.
This 1,008-square-foot storefront property features an open interior arrangement, a private office, and a restroom. The space has previously supported retail and yoga studio operations, providing a documented commercial layout suited to flexible business use.
A covered private parking space is located at the rear of the property. The building is positioned in downtown Chippewa Falls at 33 E Columbia Street, offering a compact storefront format with dedicated parking and existing office and restroom components.
A covered private parking space is located at the rear of the property. The building is positioned in downtown Chippewa Falls at 33 E Columbia Street, offering a compact storefront format with dedicated parking and existing office and restroom components.
Key Highlights
- 1,008‑square‑foot storefront property
- Open‑concept interior layout
- Private office and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,309
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,180
$206.2K
Cap Rate 7%
$147,271
$147.3K
Cap Rate 9%
$114,544
$114.5K
Market Conditions
NOI Build-Up for 1,008 SF
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.
Gross rent
$15.1K $15.00/SF
− Vacancy
−$393 −$0.39/SF
EGI
$14.7K $14.61/SF
− OpEx
−$4.4K −$4.38/SF
NOI
$10.3K $10.23/SF
Area
Chippewa County, WI
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,180
Cap Rate 7%
$147,271
Cap Rate 9%
$114,544
Alternative Uses
Best Use
Retail
$147.3K
$128.9K – $171.8K
NOI $10,309 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$559.6K
$489.7K – $652.9K
NOI $39,173 @ 7.0% cap · market cap 20.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
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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Frequently Asked Questions
What type of property is this?
Storefront property - Open-concept commercial space with a private office, restroom, and covered rear parking.
Where is this storefront property located?
The property is located at 33 E Columbia Street Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,008‑square‑foot storefront property; Open‑concept interior layout; Private office and restroom
