Showroom Property with
7967 Hwy 51, Minocqua, WI 54548
For Sale
$1,500,000
Pending
A large display-oriented building pairs with a separate warehouse and a roof installed in 2025.
Property Size13,400 SF
Lot Size2.98 Acres
Days on Market21
Property Features for 7967 Hwy 51
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Warehouse Space
Taxes and HOA fees
Annual Taxes
Amenities
expansive display areas
2 bathrooms
breakroom
front desk area
designer room
Building Details
Building Size
Buildings
Stories
Listing Agency:
Lasier Realty, Inc.
(715) 358-0224
Listed By:
Nicholas Lasier
(715) 614-2530
Source:
Integrityrealtorsllc
Added: Oct 22
Changed: Nov 7
Last Checked: Nov 10 at 7:05PM
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 Lasier Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 13,400-square-foot main building has expansive display areas, a front desk, designer room, breakroom and two bathrooms. A separate 80' x 100' warehouse provides additional enclosed space. The main building received a new roof in 2025.
At 7967 Hwy 51 in Minocqua, the 2.98-acre property has 166 feet of road frontage and sits at the approach to downtown.
At 7967 Hwy 51 in Minocqua, the 2.98-acre property has 166 feet of road frontage and sits at the approach to downtown.
Key Highlights
- 13,400‑square‑foot main building with expansive display areas
- Separate 80' x 100' warehouse
- 2.98‑acre site with 166' of road frontage on Hwy 51
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,597
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,411,940
$2.4M
Cap Rate 7%
$1,722,814
$1.7M
Cap Rate 9%
$1,339,967
$1.3M
Market Conditions
NOI Build-Up for 13,400 SF
Gross rent
$176.9K $13.20/SF
− Vacancy
−$4.6K −$0.34/SF
EGI
$172.3K $12.86/SF
− OpEx
−$51.7K −$3.86/SF
NOI
$120.6K $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%
$2,411,940
Cap Rate 7%
$1,722,814
Cap Rate 9%
$1,339,967
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,597 @ 7.0% cap · market cap 8.04%
Second Best
Warehouse
$697.5K
$610.3K – $813.7K
NOI $48,822 @ 7.0% cap · market cap 3.25%
Theoretical Best
Industrial
$6.27M
$5.49M – $7.32M
NOI $439,028 @ 7.0% cap · market cap 29.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Carpet City Flooring Center Minocqua — 8095 U.S. Hwy 51, Minocqua, WI 54548
Frequently Asked Questions
What type of property is this?
Showroom - A large display-oriented building pairs with a separate warehouse and a roof installed in 2025.
Where is this showroom located?
The property is located at 7967 Hwy 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 13,400‑square‑foot main building with expansive display areas; Separate 80' x 100' warehouse; 2.98‑acre site with 166' of road frontage on Hwy 51
