Two-Story Mixed-Use
For Sale
Contact for pricing
415 S Farwell Street, Eau Claire, WI 54701
Ground-floor commercial space is paired with a two-bedroom apartment above.
Property Size2,925 SF
Price / SF$128.17
Days on Market965
Property Features for 415 S Farwell Street
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Land
Building Details
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Brenizer, Realtors Eau Claire
Listed By:
Zina Obaid · License #WI
Source:
Crexi
Added: Feb 22, 2024
Changed: Oct 11
Last Checked: Oct 12 at 7:43PM
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 Coldwell Banker Brenizer, Realtors Eau Claire
Investment Insights
Based on property information with market context.
This two-story mixed-use property combines commercial space on the ground floor with a two-bedroom apartment on the upper level. The lower level has accommodated a martial arts academy and is described as adaptable for studio, fitness, or storefront use. The upstairs residence adds a separate living component within the building.
Located at 415 S Farwell Street in downtown Eau Claire, the property sits directly across from the new transit station. Its placement on Farwell Street provides proximity to public transportation and the surrounding downtown setting. The combination of commercial and residential components supports multiple occupancy configurations while keeping both uses within one building.
Located at 415 S Farwell Street in downtown Eau Claire, the property sits directly across from the new transit station. Its placement on Farwell Street provides proximity to public transportation and the surrounding downtown setting. The combination of commercial and residential components supports multiple occupancy configurations while keeping both uses within one building.
Key Highlights
- Two‑story mixed‑use building with commercial and residential components
- Ground‑level space has accommodated a martial arts academy
- Upper level includes a two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,718
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,360
$554.4K
Cap Rate 7%
$395,971
$396.0K
Cap Rate 9%
$307,978
$308.0K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$43.9K $15.00/SF
− Vacancy
−$4.3K −$1.46/SF
EGI
$39.6K $13.54/SF
− OpEx
−$11.9K −$4.06/SF
NOI
$27.7K $9.48/SF
Area
Eau Claire County, WI
Vacancy
9.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,360
Cap Rate 7%
$395,971
Cap Rate 9%
$307,978
Alternative Uses
Best Use
Office B
$582.2K
$509.4K – $679.2K
NOI $40,751 @ 7.0% cap · market cap 10.87%
Second Best
Mixed Use
$519.0K
$454.1K – $605.5K
NOI $36,329 @ 7.0% cap · market cap 9.69%
Theoretical Best
Industrial
$3.30M
$2.89M – $3.85M
NOI $231,081 @ 7.0% cap · market cap 61.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
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Business Placement
Demographics for 54701, WI
41,346
Population
17,932
Households
2.3
Avg Household Size
35
Median Age
42%
College-Educated
98%
High-School Grad
86.0 sq mi
ZIP Area
481
Density / Sq Mi
$71,406
Median Household Income
$37,658
Median Earnings
$963
Median Rent
$265,000
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 415 S Farwell Street Eau Claire, WI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two‑story mixed‑use building with commercial and residential components; Ground‑level space has accommodated a martial arts academy; Upper level includes a two‑bedroom apartment
