Senior Housing Facility
5601 Sherman St Wausau, WI 54401
5601 Sherman St, Wausau, WI, 54401
$565,000
For Sale
$565,000
Former CBRF offers 12 bedrooms, multiple baths, full commercial kitchen, office, and gathering/meditation rooms with strong on-site improvements.
Property Size6,800 SF
Price / SF$83.09
Days on Market281
Property Features for 5601 Sherman St
General Information
- Standard status
- Active
- Size
- 6,800 SF
Listing agency
REMAX EXCEL
(715) 218-9666
Listed by
LORA BLADOW · License #66286-94
(715) 218-9666
Source
Exprealty
Added: Oct 14, 2025 Updated: Jul 21 at 2:13AM Checked: Jul 21 at 2:13AM
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 REMAX EXCEL
Investment Insights
Based on property information with market context.
This former community-based residential facility is a purpose-built senior housing/assisted living style property with 12 bedrooms and multiple bathroom fixtures, including four full baths and two half baths. The interior includes a full commercial kitchen, office area, gathering area, and meditation room. The building is constructed on a slab and includes on-site laundry with two washers and two dryers. Additional property amenities include a security system and sprinkler system, plus a detached two-car garage.
The property is located on Wausau’s west side near Highway 29 and the industrial park, with parking available for on-site operations and access to major routes.
Recent updates noted by the seller include a new roof in 2012, AC motors replaced in 2024, two boilers (one new in 2024 and one with new pressure tank and spiral vents in 2024), and a stainless commercial refrigerator new in 2025, along with City of Wausau garbage/recycling services.
The property is located on Wausau’s west side near Highway 29 and the industrial park, with parking available for on-site operations and access to major routes.
Recent updates noted by the seller include a new roof in 2012, AC motors replaced in 2024, two boilers (one new in 2024 and one with new pressure tank and spiral vents in 2024), and a stainless commercial refrigerator new in 2025, along with City of Wausau garbage/recycling services.
Key Highlights
- Former CBRF on Wausau’s west side near Hwy 29 with 12 bedrooms and multiple bath areas (4 full, 2 half).
- Includes a full commercial kitchen plus office, gathering area, and meditation room.
- On‑site laundry with 2 washers and 2 dryers, security system, and sprinkler system.
Local Financial Insights For Apartment 5plus
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 | $97.9k | $14.40 |
| − Vacancy | −$4.7k | −$0.69 |
| EGI | $93.2k | $13.71 |
| − OpEx | −$41.9k | −$6.17 |
| NOI | $51.3k | $7.54 |
6,800 SF · lease $14.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$732.4K
$640.9K – $854.5K
NOI $51,271 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $87,944 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Assisted living facility - Former CBRF offers 12 bedrooms, multiple baths, full commercial kitchen, office, and gathering/meditation rooms with strong on-site improvements.
Where is this assisted living facility located?
The property is located at 5601 Sherman St Wausau, WI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Former CBRF on Wausau’s west side near Hwy 29 with 12 bedrooms and multiple bath areas (4 full, 2 half).; Includes a full commercial kitchen plus office, gathering area, and meditation room.; On‑site laundry with 2 washers and 2 dryers, security system, and sprinkler system.
