Medical Office in Eau
For Sale
$2,999,000
659 W Hamilton Ave, Eau Claire, WI 54701
Move-in ready medical office space in a prime location.
Property Size15,100 SF
Price / SF$199.93
Days on Market210
Property Features for 659 W Hamilton Ave
General Information
Standard status
Active
Size
15,100 SF
Class
A
Property subtype
Office
Building Details
Building Size
15,100 SF
Year Built
2004
Listed By:
Ryan Erickson · License #WI #58263-90
(715) 318-8666
Source:
Naicommonweal
Added: Apr 1
Changed: Oct 25
Last Checked: Oct 26 at 1:56PM
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 Ryan Erickson
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Investment Insights
Based on property information with market context.
This medical office property is located in the heart of the medical district in Eau Claire. The building encompasses just over 15,000 square feet and is designed to support efficient medical operations, featuring a functional layout suited for a variety of clinical uses. The property features high-quality construction, professional finishes, and an inviting environment. Its location within the established healthcare corridor provides convenient access for patients and proximity to other medical services, making it suitable for a growing or relocating practice.
Key Highlights
- Prime location in the heart of Eau Claire's medical district.
- Move‑in ready clinic space suitable for healthcare providers.
- Spacious 15,000+ square foot building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,980
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,179,600
$4.2M
Cap Rate 7%
$2,985,429
$3.0M
Cap Rate 9%
$2,322,000
$2.3M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$360.0K $24.00/SF
− Vacancy
−$81.4K −$5.42/SF
EGI
$278.6K $18.58/SF
− OpEx
−$69.7K −$4.64/SF
NOI
$209.0K $13.93/SF
Area
Eau Claire County, WI
Vacancy
22.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,179,600
Cap Rate 7%
$2,985,429
Cap Rate 9%
$2,322,000
Alternative Uses
Best Use
Office B
$2.99M
$2.61M – $3.48M
NOI $208,980 @ 7.0% cap · market cap 6.97%
Second Best
Healthcare Medical
$2.88M
$2.52M – $3.36M
NOI $201,315 @ 7.0% cap · market cap 6.71%
Theoretical Best
Industrial
$16.93M
$14.81M – $19.75M
NOI $1,185,030 @ 7.0% cap · market cap 39.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical office space in a prime location.
Where is this medical office space located?
The property is located at 659 W Hamilton Ave Eau Claire, WI.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Prime location in the heart of Eau Claire's medical district.; Move‑in ready clinic space suitable for healthcare providers.; Spacious 15,000+ square foot building.
