Office Building with Highway
New
For Sale
$350,000
7601 Hwy 51, Minocqua, WI 54548
Updated workspace offers private offices, conference and reception areas, a kitchen, and a full bath.
Property Size1,525 SF
Lot Size0.75 Acres
Price / SF$229.51
Days on Market4
Property Features for 7601 Hwy 51
General Information
Standard status
Active
Size
1,525 SF
Lot size
0.75 Acres
Property subtype
Commercial
Zoning
Business B-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,344
Building Details
Building Size
1,525 SF
Buildings
1
Stories
1
Units
1
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 3:05PM
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.
At 7601 Hwy 51, this 1,525-square-foot office building provides three offices, a conference and reception area, a kitchen, a full bath, and a bonus room for storage. The partial basement adds storage and space for utilities. Improvements include the roof, siding, flooring, electrical, plumbing, kitchen, and bathroom. The property also has a drilled well, conventional septic system, and Spectrum Cable at the lot line.
The wooded 0.75-acre parcel has 166 feet of frontage on Hwy 51 and approximately 140 feet along Blue Lake Rd, with direct access to Hwy 51. A prominent business sign is located along the highway. The Town of Minocqua and DOT are working on a southbound turn lane on Blue Lake Rd. B-2 zoning allows potential residential use.
The wooded 0.75-acre parcel has 166 feet of frontage on Hwy 51 and approximately 140 feet along Blue Lake Rd, with direct access to Hwy 51. A prominent business sign is located along the highway. The Town of Minocqua and DOT are working on a southbound turn lane on Blue Lake Rd. B-2 zoning allows potential residential use.
Key Highlights
- 1,525‑square‑foot office building on a wooded 0.75‑acre parcel
- Three offices, conference and reception area, kitchen, full bath, and bonus storage room
- 166' of Hwy 51 frontage and approximately 140' frontage on Blue Lake Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,039
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,780
$260.8K
Cap Rate 7%
$186,271
$186.3K
Cap Rate 9%
$144,878
$144.9K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$22.9K $15.00/SF
− Vacancy
−$5.5K −$3.60/SF
EGI
$17.4K $11.40/SF
− OpEx
−$4.3K −$2.85/SF
NOI
$13.0K $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%
$260,780
Cap Rate 7%
$186,271
Cap Rate 9%
$144,878
Alternative Uses
Best Use
Office B
$186.3K
$163.0K – $217.3K
NOI $13,039 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$713.8K
$624.6K – $832.7K
NOI $49,964 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
83
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
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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?
Office building - Updated workspace offers private offices, conference and reception areas, a kitchen, and a full bath.
Where is this office building located?
The property is located at 7601 Hwy 51 Minocqua, 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: 1,525‑square‑foot office building on a wooded 0.75‑acre parcel; Three offices, conference and reception area, kitchen, full bath, and bonus storage room; 166' of Hwy 51 frontage and approximately 140' frontage on Blue Lake Rd
