Retail Space with Storefront
529 N 3rd Street, Wausau, WI 54403
For Sale
New
Contact for pricing
The finished commercial interior has supported café, bakery, and restaurant operations.
Property Size2,500 SF
Price / SF$1.16
Days on Market3
Property Features for 529 N 3rd Street
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Amaximmo LLC
(715) 841-0015
Listed By:
Elena Naschke · License WI #6441094
(715) 680-0606
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 5:29PM
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 Amaximmo LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,500-square-foot retail space contains finished commercial interiors and large storefront windows. The building dates to 1880, and the property is zoned Commercial. Previous operations at the space included a café, bakery, and restaurant.
The property occupies a corner at McClellan Street and 3rd Street in downtown Wausau. Back When Café and Downtown Grocery are directly across the street.
The property occupies a corner at McClellan Street and 3rd Street in downtown Wausau. Back When Café and Downtown Grocery are directly across the street.
Key Highlights
- 2,500 square feet of finished commercial space
- Large storefront windows
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,148
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$37.5K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$35.9K $14.37/SF
− OpEx
−$10.8K −$4.31/SF
NOI
$25.1K $10.06/SF
Area
Marathon County, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Specialty Retail
$461.9K
$404.2K – $538.9K
NOI $32,333 @ 7.0% cap
Second Best
Retail
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Explore this area
Business Placement
Demographics for 54403, WI
24,712
Population
11,171
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
133.6 sq mi
ZIP Area
185
Density / Sq Mi
$66,040
Median Household Income
$41,670
Median Earnings
$942
Median Rent
$179,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The finished commercial interior has supported café, bakery, and restaurant operations.
Where is this retail space located?
The property is located at 529 N 3rd Street Wausau, WI.
What are key features of this property?
This property features: 2,500 square feet of finished commercial space; Large storefront windows; Commercial zoning
