Retail Space with Flexible
New
For Sale
Contact for pricing
603 - 613 N Central Avenue, Marshfield, WI 54449
Two vacant suites can be leased separately or configured as a larger commercial space, with shared parking and sign availability.
Property Size4,244 SF
Price / SF$0.00
Days on Market2
Property Features for 603 - 613 N Central Avenue
General Information
Standard status
Active
Size
4,244 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
4,244 SF
Year Built
2022
Listing Agency:
Coldwell Banker- Siewert Realtors
(715) 424-4800
Listed By:
John Jr Siewert · License #2993490
(715) 570-4085
Source:
Howardandwilliams
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:03AM
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- Siewert Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 12,314-square-foot retail business center built in 2022 contains seven individual spaces, five of which are leased. Spaces C and D are available at approximately 2,100 square feet each and may be combined into a 4,244-square-foot suite. The stated white-box delivery includes finished drywall, a suspended ceiling with basic light panels, and one ADA bathroom; tenant customization may affect the lease arrangement. The property is zoned Commercial and offers NNN leasing.
The center sits on N Central Avenue in Marshfield, along a main thoroughfare. Kwik Trip, Starbucks, and Marshfield Hospital and Clinics are nearby. A private shared parking lot serves the property, and signage is available on the main sign board and individual leased spaces.
The center sits on N Central Avenue in Marshfield, along a main thoroughfare. Kwik Trip, Starbucks, and Marshfield Hospital and Clinics are nearby. A private shared parking lot serves the property, and signage is available on the main sign board and individual leased spaces.
Key Highlights
- 12,314‑square‑foot center completed in 2022
- Five of seven spaces leased; Spaces C and D are available
- Available spaces are about 2,100 square feet each, or 4,244 square feet combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,311
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,220
$606.2K
Cap Rate 7%
$433,014
$433.0K
Cap Rate 9%
$336,789
$336.8K
Market Conditions
NOI Build-Up for 4,244 SF
Gross rent
$48.4K $11.40/SF
− Vacancy
−$5.1K −$1.20/SF
EGI
$43.3K $10.20/SF
− OpEx
−$13.0K −$3.06/SF
NOI
$30.3K $7.14/SF
Area
Wood County, WI
Vacancy
10.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,220
Cap Rate 7%
$433,014
Cap Rate 9%
$336,789
Alternative Uses
Best Use
Retail
$433.0K
$378.9K – $505.2K
NOI $30,311 @ 7.0% cap · market cap 202,073.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$823.3K
$720.4K – $960.6K
NOI $57,634 @ 7.0% cap · market cap 384,226.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,826
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 34%
Electronics 3%
Beauty & Spa 1%
McDonald's
Dining
32,703 visits/mo
0.4 miles
Kwik Trip
Shops & Services
30,398 visits/mo
0.4 miles
Burger King
Dining
10,930 visits/mo
0.4 miles
Taco John's
Dining
7,350 visits/mo
0.2 miles
Dollar General
Shops & Services
6,063 visits/mo
0.1 miles
Demographics for 54449, WI
26,417
Population
12,455
Households
2.1
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
153
Density / Sq Mi
$66,611
Median Household Income
$43,612
Median Earnings
$812
Median Rent
$194,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Two vacant suites can be leased separately or configured as a larger commercial space, with shared parking and sign availability.
Where is this retail space located?
The property is located at 603 - 613 N Central Avenue Marshfield, WI.
What are key features of this property?
This property features: 12,314‑square‑foot center completed in 2022; Five of seven spaces leased; Spaces C and D are available; Available spaces are about 2,100 square feet each, or 4,244 square feet combined
