Retail Space with
New
For Sale
$399,900
8528 Hwy 51, Minocqua, WI 54548
The interior combines a display window and expansive sales area with a kitchen, office, and restroom.
Property Size2,600 SF
Price / SF$153.81
Days on Market4
Property Features for 8528 Hwy 51
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
7
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,799
Amenities
courtyard
Storage
Handicap Accessible
Building Details
Building Size
2,600 SF
Year Built
1970
Buildings
1
Stories
1
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Christopher Nor · License #95646 - 94
(847) 571-4348
Source:
Integrityrealtorsllc
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:59PM
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
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.
This 2,600-square-foot retail property in Minocqua’s historic Boardwalk Shops was built in 1970. Its layout includes a broad open sales area, display window, kitchen, office, and bathroom. The sale is for the real estate only.
A grass courtyard of approximately 2,000 square feet sits within the property grounds, away from the highway. The site also has 6–7 private parking spaces and frontage along Hwy 51, which carries four lanes of traffic.
A grass courtyard of approximately 2,000 square feet sits within the property grounds, away from the highway. The site also has 6–7 private parking spaces and frontage along Hwy 51, which carries four lanes of traffic.
Key Highlights
- 2,600‑square‑foot retail property
- Approximately 2,000‑square‑foot grass courtyard set back from the highway
- 6–7 private parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,399
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,980
$468.0K
Cap Rate 7%
$334,271
$334.3K
Cap Rate 9%
$259,989
$260.0K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$34.3K $13.20/SF
− Vacancy
−$892 −$0.34/SF
EGI
$33.4K $12.86/SF
− OpEx
−$10.0K −$3.86/SF
NOI
$23.4K $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%
$467,980
Cap Rate 7%
$334,271
Cap Rate 9%
$259,989
Alternative Uses
Best Use
Retail
$334.3K
$292.5K – $390.0K
NOI $23,399 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,185 @ 7.0% cap · market cap 21.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 18%
Hotels & Casinos 16%
Dining 14%
Save More Marketplace
Groceries
14,539 visits/mo
0.0 miles
Dollar Tree
Shops & Services
5,908 visits/mo
0.1 miles
Arby's
Dining
4,722 visits/mo
0.4 miles
Best Western Plus Concord Inn
Hotels & Casinos
4,204 visits/mo
0.4 miles
Verizon
Electronics
1,605 visits/mo
0.1 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The interior combines a display window and expansive sales area with a kitchen, office, and restroom.
Where is this retail space located?
The property is located at 8528 Hwy 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,600‑square‑foot retail property; Approximately 2,000‑square‑foot grass courtyard set back from the highway; 6–7 private parking spaces
