Lake Tomahawk Multi-Use
7484 DOLHUN DR lot 14 Lake Tomahawk, WI 54539
7484 DOLHUN DR lot 14, Lake Tomahawk, WI, 54539
$399,000
For Sale
$399,000
LAND - Lake Tomahawk, WI
Property Size1,400 SF
Lot Size3.36 Acres
Price / SF$285
Days on Market338
Property Features for 7484 DOLHUN DR lot 14
General Information
- Property type
- Land
- Property subtype
- Other
- Parking features
- Garage
- Exterior features
- GravelDriveway
- Standard status
- Active
- APN
- 04001-2705-0000
- Size
- 1,400 SF
- Lot size
- 3.36 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LANDING BAY 1ST ADDITION LOT 14 3.359SA
- Tax Annual Amount
- 307
Building Details
- Building materials
- Frame
Listing agency
REDMAN REALTY GROUP, LLC
(715) 358-0450
Listed by
GUY POLACEK
(561) 758-6769
Added: Aug 19, 2025 Updated: May 14 at 3:53PM Checked: Jul 22 at 12:06AM
MLS# 213930
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.
This multi-use lot, zoned recreational, offers significant potential. The semi-developed 3.359-acre lot includes a storage building and boasts over 600 feet of frontage on Hwy 47. The location benefits from an estimated 5000 daily traffic count. The existing storage building spans over 1400 square feet and features two 12'x14' overhead electric garage doors, a 14' ceiling, electric installation, and natural gas readiness. This property in Lake Tomahawk, WI, presents an opportunity for home, business, or personal use.
Key Highlights
- Over 3.3 acre lot zoned Recreational with multi‑use potential.
- Over 600 feet of frontage on Hwy 47 with high traffic count (est 5000 daily).
- Existing 1400+ sq ft storage building with 2 - 12'x14' overhead electric garage doors.
Local Financial Insights For Retail
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 | $18.5k | $13.20 |
| − Vacancy | −$480 | −$0.34 |
| EGI | $18.0k | $12.86 |
| − OpEx | −$5.4k | −$3.86 |
| NOI | $12.6k | $9.00 |
1,400 SF · lease $13.20/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$655.3K
$573.4K – $764.5K
NOI $45,869 @ 7.0% cap · market cap 11.50%
Second Best
Retail
$180.0K
$157.5K – $210.0K
NOI $12,600 @ 7.0% cap · market cap 3.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 3.3+ acre lot with storage building on Hwy 47.
Where is this commercial land located?
The property is located at 7484 DOLHUN DR lot 14 Lake Tomahawk, WI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Over 3.3 acre lot zoned Recreational with multi‑use potential.; Over 600 feet of frontage on Hwy 47 with high traffic count (est 5000 daily).; Existing 1400+ sq ft storage building with 2 - 12'x14' overhead electric garage doors.
