Mixed-Use Building with
New
For Sale
$299,900
8621 Hwy 51, Minocqua, WI 54548
The property combines commercial areas with a separate residential living space.
Property Size2,892 SF
Price / SF$103.70
Days on Market4
Property Features for 8621 Hwy 51
General Information
Standard status
Active
Size
2,892 SF
Property subtype
Commercial
Site & Location
Traffic Count
18,200 vehicles/day
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$1,621
Amenities
Storage
Building Details
Building Size
2,892 SF
Buildings
1
Stories
1
Units
2
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 2:39PM
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.
This 2,892-square-foot mixed-use property pairs a commercial addition with a residence. The commercial portion includes an office, half bath, reception area, and showroom of nearly 2,000 square feet. The residential area has three bedrooms, one full bath, a kitchen, laundry area, and living room, with its own exterior entrance.
The building fronts 225 feet along US Hwy 51 and 170 feet on Island Cove Rd. A rear parking area leads to a delivery door. The highway carries an average of more than 18,200 cars per day, according to the Wisconsin Department of Transportation.
The building fronts 225 feet along US Hwy 51 and 170 feet on Island Cove Rd. A rear parking area leads to a delivery door. The highway carries an average of more than 18,200 cars per day, according to the Wisconsin Department of Transportation.
Key Highlights
- 2,892‑square‑foot building combining commercial and residential space
- Commercial addition includes nearly 2,000‑square‑foot showroom, office, reception area, and half bath
- Residential section has 3 bedrooms, 1 full bath, kitchen, laundry area, and separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,027
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,540
$520.5K
Cap Rate 7%
$371,814
$371.8K
Cap Rate 9%
$289,189
$289.2K
Market Conditions
NOI Build-Up for 2,892 SF
Gross rent
$38.2K $13.20/SF
− Vacancy
−$993 −$0.34/SF
EGI
$37.2K $12.86/SF
− OpEx
−$11.2K −$3.86/SF
NOI
$26.0K $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%
$520,540
Cap Rate 7%
$371,814
Cap Rate 9%
$289,189
Alternative Uses
Best Use
Retail
$371.8K
$325.3K – $433.8K
NOI $26,027 @ 7.0% cap · market cap 8.68%
Second Best
Mixed Use
$304.5K
$266.5K – $355.3K
NOI $21,317 @ 7.0% cap · market cap 7.11%
Theoretical Best
Industrial
$1.35M
$1.18M – $1.58M
NOI $94,751 @ 7.0% cap · market cap 31.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18,200 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Kwik Trip
Shops & Services
35,003 visits/mo
0.2 miles
McDonald's
Dining
16,966 visits/mo
0.2 miles
Starbucks
Dining
10,699 visits/mo
0.2 miles
Taco Bell
Dining
7,956 visits/mo
0.2 miles
Associated Bank
Shops & Services
5,447 visits/mo
0.2 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?
Mixed-use property - The property combines commercial areas with a separate residential living space.
Where is this mixed-use property located?
The property is located at 8621 Hwy 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,892‑square‑foot building combining commercial and residential space; Commercial addition includes nearly 2,000‑square‑foot showroom, office, reception area, and half bath; Residential section has 3 bedrooms, 1 full bath, kitchen, laundry area, and separate exterior entrance
