Corner Retail Building with
410 & 412 N Central Ave Marshfield, WI 54449
410 & 412 N Central Ave, Marshfield, WI, 54449
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For Sale
Contact for pricing
Idle former laundromat on a corner lot with existing equipment and flexible redevelopment options.
Property Size1,292 SF
Price / SF$139.24
Days on Market118
Property Features for 410 & 412 N Central Ave
General Information
- Standard status
- Active
- Size
- 1,292 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1963
Listing agency
Century 21 Gold Key Realty
(715) 387-2121
Listed by
Rita Blenker · License #WI
Source
Crexi
Added: Mar 26 Updated: Jul 21 at 5:15AM Checked: Jul 21 at 5:15AM
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 Century 21 Gold Key Realty
Investment Insights
Based on property information with market context.
This property is a former laundromat retail building currently sitting idle. The equipment is reported to still be in place, and the available paths forward include reopening as a laundromat, removing the equipment and remodeling for another business, or tearing down and building new.
The site is described as a corner lot on N Central Ave and includes two addresses: 410 & 412 N Central Ave, in Marshfield, WI.
As offered for sale, the building’s existing setup is tied to the prior laundromat use, while the condition and equipment inventory support multiple redevelopment approaches depending on a buyer’s intended concept.
The site is described as a corner lot on N Central Ave and includes two addresses: 410 & 412 N Central Ave, in Marshfield, WI.
As offered for sale, the building’s existing setup is tied to the prior laundromat use, while the condition and equipment inventory support multiple redevelopment approaches depending on a buyer’s intended concept.
Key Highlights
- Idle former laundromat on a corner lot on Central Ave
- Year built: 1963
- Existing laundromat equipment remains on site
Local Financial Insights For Retail
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 | $14.7k | $11.40 |
| − Vacancy | −$1.5k | −$1.20 |
| EGI | $13.2k | $10.20 |
| − OpEx | −$4.0k | −$3.06 |
| NOI | $9.2k | $7.14 |
1,292 SF · lease $11.40/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$131.8K
$115.4K – $153.8K
NOI $9,228 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$250.6K
$219.3K – $292.4K
NOI $17,545 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Idle former laundromat on a corner lot with existing equipment and flexible redevelopment options.
Where is this retail space located?
The property is located at 410 & 412 N Central Ave Marshfield, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Idle former laundromat on a corner lot on Central Ave; Year built: 1963; Existing laundromat equipment remains on site
