Storefront with Fieldstone
New
For Sale
$438,000
7502 Hwy 51, Minocqua, WI 54548
Three separately metered building sections offer flexibility for multiple businesses or offices.
Property Size4,288 SF
Price / SF$102.15
Days on Market4
Property Features for 7502 Hwy 51
General Information
Standard status
Active
Size
4,288 SF
Property subtype
Commercial
Site & Location
Traffic Count
9,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,970
Amenities
wood burning fieldstone fireplace
reception area
overhead delivery door
sidewalks
Landscaping
Building Details
Building Size
4,288 SF
Year Built
1983
Buildings
1
Stories
1
Units
2
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Adam Redman · License #56355 - 90
(715) 892-7325
Source:
Integrityrealtorsllc
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:45PM
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 Redman Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 4,288-square-foot storefront, built in 1983, is arranged as a central entrance and reception area with two adjoining wings of approximately 2,000 square feet each. The three sections have separate meters. A wood-burning fieldstone fireplace anchors the entry, and an overhead delivery door serves the rear of the building.
The property comprises two tax parcels with 200 feet of frontage on US Hwy 51 in Minocqua. The highway corridor carries an average of 9,400 vehicles per day. On-site features include gravel parking and sidewalks.
The property comprises two tax parcels with 200 feet of frontage on US Hwy 51 in Minocqua. The highway corridor carries an average of 9,400 vehicles per day. On-site features include gravel parking and sidewalks.
Key Highlights
- 4,288‑square‑foot building constructed in 1983
- 200 feet of frontage on US Hwy 51; corridor averages 9,400 vehicles per day
- Two tax parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,591
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,820
$771.8K
Cap Rate 7%
$551,300
$551.3K
Cap Rate 9%
$428,789
$428.8K
Market Conditions
NOI Build-Up for 4,288 SF
Gross rent
$56.6K $13.20/SF
− Vacancy
−$1.5K −$0.34/SF
EGI
$55.1K $12.86/SF
− OpEx
−$16.5K −$3.86/SF
NOI
$38.6K $9.00/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,820
Cap Rate 7%
$551,300
Cap Rate 9%
$428,789
Alternative Uses
Best Use
Retail
$551.3K
$482.4K – $643.2K
NOI $38,591 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.01M
$1.76M – $2.34M
NOI $140,489 @ 7.0% cap · market cap 32.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
9,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
MotoMart
Shops & Services
5,832 visits/mo
0.1 miles
BP
Shops & Services
3,565 visits/mo
0.3 miles
Dollar General
Shops & Services
2,316 visits/mo
0.2 miles
Gerber Collision & Glass
Shops & Services
437 visits/mo
0.4 miles
Demographics for 54548, WI
5,406
Population
5,096
Households
1.1
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
99.0 sq mi
ZIP Area
55
Density / Sq Mi
$69,784
Median Household Income
$42,378
Median Earnings
$935
Median Rent
$307,700
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
Frequently Asked Questions
What type of property is this?
Storefront property - Three separately metered building sections offer flexibility for multiple businesses or offices.
Where is this storefront property located?
The property is located at 7502 Hwy 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: 4,288‑square‑foot building constructed in 1983; 200 feet of frontage on US Hwy 51; corridor averages 9,400 vehicles per day; Two tax parcels
