7502 HWY 51, Minocqua, WI 54548
COMMERCIAL - Minocqua, WI
- Added:
- Jun 26, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 26 at 4:06 pm
Property Features for 7502 HWY 51
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Paved or Surfaced, Driveway
- Exterior features
- Landscaping
- Standard status
- Active
- APN
- MI-4274 & MI-4275
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PLAT OF SPRUCEWOOD DIV 2, LOTS 4 and 5, BLK 4
- Tax Annual Amount
- 2970
Utilities
- Heating system
- Propane (Heating), Forced Air, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile, Mixed
- Building materials
- Frame, Stone, WoodSiding
- Roof type
- Composition, Shingle
Listing agent ADAM REDMAN License #56355 - 90 (715) 892-7325
Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI (715) 358-0450
Listing date Jun 26, 2026
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.
HighLights
- Highly visible 4,200+ sq ft building on US Hwy 51 with 200' of highway frontage across two tax parcels.
- Originally built in 1983 (The Christmas Chalet); now available following owner retirement.
- Building has three individually metered sections, offering flexibility to run multiple businesses or offices.
- Grand entry includes a wood burning fieldstone fireplace with potential gas hook up; reception area at the front.
- Two wings with approximately 2,000 sq ft in each; overhead delivery door at the back of the building.
- Central air plus propane/forced air/electric heating; well water; gravel parking area and sidewalks onsite.
Overview
The offering includes two tax parcels and approximately 200 feet of frontage on US Hwy 51 in Minocqua, where the corridor sees a reported daily average of 9,400 vehicles. Owners have retired, and the property is available for new uses.
With a strong street presence, reception-centered layout, and an overhead delivery door, this building can work for a range of retail and service concepts, as well as office setups that benefit from separate metering. The configuration across three individually metered sections provides an operational framework for tenants who want greater control over utilities and space usage within the same facility.
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 | $55.4k | $13.20 |
| − Vacancy | −$1.4k | −$0.34 |
| EGI | $54.0k | $12.86 |
| − OpEx | −$16.2k | −$3.86 |
| NOI | $37.8k | $9.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minocqua
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.7191362
- Latitude
- 45.8270305
