Grocery Market with
New
For Sale
$350,000
727 ELM ST, Woodruff, WI 54568
CommercialSale, Woodruff, WI
Property Size1,455 SF
Lot Size0.23 Acres
Price / SF$240.55
Days on Market6
Property Features for 727 ELM ST
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Driveway
Interior features
Storage
Exterior features
Landscaping, Storage
Lot features
Level
Directions
From Minocqua Hwy 51 NORTH for 2.2 miles. Business will be on the LEFT hand side on the corner of Lemma Crk Rd & Hwy 51.
Standard status
Active
APN
04001-0691-0004W
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGE OF WOODRUFF PT E 1/2 BLK B, 100'X120' EXC TPP #1170-19-21-4.07 PCL 48 (WR 2685) SEE SM B7377 (LC DOC 850570 & 856788)
Tax Annual Amount
2436
Legal Description
VILLAGE OF WOODRUFF PT E 1/2 BLK B, 100'X120' EXC TPP #1170-19-21-4.07 PCL 48 (WR 2685) SEE SM B7377 (LC DOC 850570 & 856788)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
open-concept retail area
kitchen
office
storage
walk-in cooler
freezers
gas stove
refrigerator
security system
attached greenhouse
covered porch
shed
raised garden beds
exterior merchandising tables
Building Details
Year built
2011
Floors in Building
1
Flooring type
Concrete
Building materials
Frame
Roof type
Shingle, Composition
Additional Structures
Storage
Listing Agency:
REDMAN REALTY GROUP, LLC
(715) 358-0450
Listed By:
PAT VAN HEFTY · License #49511 - 90
(715) 892-0298
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 6 at 3:06AM
MLS# 219881
Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2011, this 1,455-square-foot grocery and convenience property pairs an open retail area with a separate attached kitchen. Included equipment comprises a walk-in/walk-through cooler, two freezers, a gas stove, and a refrigerator; the building also has an office, storage, and a security system. An attached greenhouse, covered porch, shed, raised garden beds, and outdoor merchandising tables extend the usable space. The parcel contains 0.2289 acres, with driveway parking. Public water and sewer, natural gas forced-air heat, and central air serve the property.
The property is at 727 Elm St in Woodruff, Wisconsin, with access from State Hwy 51. The sale is for the real estate only; the existing business name, business, and inventory are excluded. Certain fixtures and equipment are included with the real estate.
The property is at 727 Elm St in Woodruff, Wisconsin, with access from State Hwy 51. The sale is for the real estate only; the existing business name, business, and inventory are excluded. Certain fixtures and equipment are included with the real estate.
Key Highlights
- 1,455‑square‑foot building constructed in 2011
- 0.2289‑acre parcel at 727 Elm St, Woodruff
- Separate kitchen with walk‑in/walk‑through cooler, two freezers, gas stove, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,132
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,640
$382.6K
Cap Rate 7%
$273,314
$273.3K
Cap Rate 9%
$212,578
$212.6K
Market Conditions
NOI Build-Up for 1,455 SF
Gross rent
$26.2K $18.00/SF
− Vacancy
−$681 −$0.47/SF
EGI
$25.5K $17.53/SF
− OpEx
−$6.4K −$4.38/SF
NOI
$19.1K $13.15/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,640
Cap Rate 7%
$273,314
Cap Rate 9%
$212,578
Alternative Uses
Best Use
Specialty Retail
$273.3K
$239.2K – $318.9K
NOI $19,132 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$187.1K
$163.7K – $218.3K
NOI $13,095 @ 7.0% cap · market cap 3.74%
Theoretical Best
Industrial
$681.0K
$595.9K – $794.5K
NOI $47,671 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
50k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 32%
Home Improvements & Furnishings 29%
Culver's
Dining
19,281 visits/mo
0.1 miles
Woodruff Hardware Inc
Home Improvements & Furnishings
14,646 visits/mo
0.2 miles
BP
Shops & Services
13,672 visits/mo
0.3 miles
BMO Harris Bank
Shops & Services
1,409 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
1,204 visits/mo
0.1 miles
Demographics for 54568, WI
5,175
Population
3,855
Households
1.3
Avg Household Size
55
Median Age
36%
College-Educated
96%
High-School Grad
71.2 sq mi
ZIP Area
73
Density / Sq Mi
$71,944
Median Household Income
$45,337
Median Earnings
$791
Median Rent
$262,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An open retail floor, separate food-preparation area, and attached greenhouse support varied commercial operations.
Where is this grocery and convenience store located?
The property is located at 727 ELM ST Woodruff, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,455‑square‑foot building constructed in 2011; 0.2289‑acre parcel at 727 Elm St, Woodruff; Separate kitchen with walk‑in/walk‑through cooler, two freezers, gas stove, and refrigerator
