Mixed-Use Log
For Sale
$494,900
7563 HWY 51, Minocqua, WI 54548
CommercialSale, Minocqua, WI
Property Size3,120 SF
Lot Size0.68 Acres
Price / SF$158.62
Days on Market50
Property Features for 7563 HWY 51
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Directions
From Downtown Minocqua, Go South on Hwy 51 3 miles. Property is on the Right.
Standard status
Active
APN
MI-2490-26
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Doc 860384/657765 PT NE NE LOT 3 CSM V27 P5581 .68SA T39N R6E S 34
Tax Annual Amount
2544
Legal Description
Doc 860384/657765 PT NE NE LOT 3 CSM V27 P5581 .68SA T39N R6E S 34
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Well
Amenities
Hardwood floors
Stone fireplace
Viking Appliances
6x10 lighted sign
Building Details
Building materials
LogSiding
Roof type
Shingle, Composition
Buildings
1
Listing Agency:
REDMAN REALTY GROUP, LLC
(715) 358-0450
Listed By:
GUY POLACEK
(561) 758-6769
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 9:06AM
MLS# 219476
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.
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Investment Insights
Based on property information with market context.
This mixed-use property provides 3,120 square feet across three floors on a 0.68-acre parcel. The building includes three bedrooms, three bathrooms, a full basement, loft, and several office areas, allowing both residential and commercial functions within the same structure. Interior features include hardwood flooring, a stone fireplace, and Viking appliances. Log siding, a composition and shingle roof, natural gas heat, central air, and a private well serve the property.
Positioned along Hwy 51, the property includes a 6x10 lighted sign and is approximately 3 miles from Downtown Minocqua. Business zoning supports uses identified in the source, including contractor operations, professional offices, home-based office activity, rental use, Airbnb, or residential occupancy. The rear of the parcel also provides room for additional garage space.
Positioned along Hwy 51, the property includes a 6x10 lighted sign and is approximately 3 miles from Downtown Minocqua. Business zoning supports uses identified in the source, including contractor operations, professional offices, home-based office activity, rental use, Airbnb, or residential occupancy. The rear of the parcel also provides room for additional garage space.
Key Highlights
- 3,120 SF mixed‑use building spanning three floors
- 0.68‑acre parcel along Hwy 51
- 6x10 lighted sign on Hwy 51
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,676
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,520
$533.5K
Cap Rate 7%
$381,086
$381.1K
Cap Rate 9%
$296,400
$296.4K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$46.8K $15.00/SF
− Vacancy
−$11.2K −$3.60/SF
EGI
$35.6K $11.40/SF
− OpEx
−$8.9K −$2.85/SF
NOI
$26.7K $8.55/SF
Area
Oneida County, WI
Vacancy
24.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,520
Cap Rate 7%
$381,086
Cap Rate 9%
$296,400
Alternative Uses
Best Use
Office B
$381.1K
$333.5K – $444.6K
NOI $26,676 @ 7.0% cap · market cap 5.39%
Second Best
Mixed Use
$328.5K
$287.5K – $383.3K
NOI $22,998 @ 7.0% cap · market cap 4.65%
Theoretical Best
Industrial
$1.46M
$1.28M – $1.70M
NOI $102,221 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible three-level property with office areas, residential amenities, and business zoning for multiple use options.
Where is this mixed-use property located?
The property is located at 7563 HWY 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: 3,120 SF mixed‑use building spanning three floors; 0.68‑acre parcel along Hwy 51; 6x10 lighted sign on Hwy 51
