Office Suite with Conference
815 S 24th Avenue #Suite 400, Wausau, WI 54401
For Sale
New
Contact for pricing
The second-floor space combines private offices, an open work area, reception, and storage.
Property Size2,090 SF
Price / SF$1.32
Days on Market4
Property Features for 815 S 24th Avenue #Suite 400
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Highway Access
Property Use
Amenities
wheelchair lift station
handicapped accessible
monument signage
common area with cabinets, counter, sink, microwave and small refrigerator
led lighting
Building Details
Building Size
Year Built
Listing Agency:
Hocking Real Estate LLC
(715) 571-3510
Listed By:
Karen Hocking · License WI #5203190
(715) 571-1295
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 3:13PM
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 Hocking Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2090-square-foot office suite features four private offices, a reception area, a conference room, and a storage room. The open work area has three half-wall partitions, each able to accommodate two corner desks. Solid birch finishes and LED lighting complement updated electrical, plumbing, and heating systems. A common area provides cabinets, a sink, microwave, and small refrigerator.
Located on Wausau’s West Side near an I-39 exit, the second-floor suite has two stairwells and a wheelchair lift station. The space is handicapped accessible, and monument signage is available.
The flat-fee arrangement includes rent, taxes, heat, electricity, snow removal, sewer, water, and common-area amenities.
Located on Wausau’s West Side near an I-39 exit, the second-floor suite has two stairwells and a wheelchair lift station. The space is handicapped accessible, and monument signage is available.
The flat-fee arrangement includes rent, taxes, heat, electricity, snow removal, sewer, water, and common-area amenities.
Key Highlights
- 2090 Sq. Ft. of office space
- Four private offices, reception area, conference room, and storage
- Open work area with three half‑wall partitions; each can accommodate two corner desks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,834
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,680
$416.7K
Cap Rate 7%
$297,629
$297.6K
Cap Rate 9%
$231,489
$231.5K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$35.6K $17.04/SF
− Vacancy
−$7.8K −$3.75/SF
EGI
$27.8K $13.29/SF
− OpEx
−$6.9K −$3.32/SF
NOI
$20.8K $9.97/SF
Area
Marathon County, WI
Vacancy
22.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,680
Cap Rate 7%
$297,629
Cap Rate 9%
$231,489
Alternative Uses
Best Use
Office B
$297.6K
$260.4K – $347.2K
NOI $20,834 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$386.1K
$337.9K – $450.5K
NOI $27,030 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The second-floor space combines private offices, an open work area, reception, and storage.
Where is this office unit located?
The property is located at 815 S 24th Avenue #Suite 400 Wausau, WI.
What are key features of this property?
This property features: 2090 Sq. Ft. of office space; Four private offices, reception area, conference room, and storage; Open work area with three half‑wall partitions; each can accommodate two corner desks
