Multi-Suite Office
For Sale
$340,000
718 Bay St, Chippewa Falls, WI 54729
Flexible office layout with original woodwork, updated windows, a metal roof, and a kitchen/break area.
Property Size2,410 SF
Price / SF$141.08
Days on Market71
Property Features for 718 Bay St
General Information
Standard status
Active
Size
2,410 SF
Additional Details
Sprinkler System
Yes
Office Units
6
Amenities
original hardwood floors
built-in cabinetry
architectural woodwork
updated kitchen/break area
park-like setting with mature landscaping
Building Details
Year Built
1890
Buildings
1
Listing Agency:
Julie Brown Real Estate Group
Listed By:
Julie Brown · License #6052690
(715) 579-2746
Source:
Homcentric
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 7 at 1:09PM
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 Julie Brown Real Estate Group
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.
Built in 1890, this 2,410-square-foot office building provides up to 6 separate office spaces within a character-rich layout. Original hardwood flooring, built-in cabinetry, and architectural wood detailing remain throughout the interior. A remodeled kitchen and break area, 2 half baths, updated windows, and a new metal roof add practical functionality to the property.
The building occupies a park-like setting with mature landscaping and an in-ground sprinkler system. Its location at 718 Bay St places it in Chippewa Falls, just one block from downtown. The configuration supports office occupancy and may also accommodate a future residential conversion, including the possibility of upgrading one half bath and adding a lower-level laundry hookup.
The building occupies a park-like setting with mature landscaping and an in-ground sprinkler system. Its location at 718 Bay St places it in Chippewa Falls, just one block from downtown. The configuration supports office occupancy and may also accommodate a future residential conversion, including the possibility of upgrading one half bath and adding a lower-level laundry hookup.
Key Highlights
- 2,410‑square‑foot office building constructed in 1890
- Up to 6 separate office spaces
- New metal roof and new windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,088
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,760
$481.8K
Cap Rate 7%
$344,114
$344.1K
Cap Rate 9%
$267,644
$267.6K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$38.5K $15.96/SF
− Vacancy
−$6.3K −$2.63/SF
EGI
$32.1K $13.33/SF
− OpEx
−$8.0K −$3.33/SF
NOI
$24.1K $9.99/SF
Area
Chippewa County, WI
Vacancy
16.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,760
Cap Rate 7%
$344,114
Cap Rate 9%
$267,644
Alternative Uses
Best Use
Office B
$344.1K
$301.1K – $401.5K
NOI $24,088 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,657 @ 7.0% cap · market cap 27.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
6
Office units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout with original woodwork, updated windows, a metal roof, and a kitchen/break area.
Where is this office building located?
The property is located at 718 Bay St Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,410‑square‑foot office building constructed in 1890; Up to 6 separate office spaces; New metal roof and new windows
