US Highway Retail and Showroom
8621 HWY 51, Minocqua, WI 54548
New
- Added:
- Jun 4, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 5 at 12:06 am
Property Features for 8621 HWY 51
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1
- Parking features
- Paved or Surfaced, Driveway
- Interior features
- Storage
- Standard status
- Active
- APN
- MI-2178-10
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Doc 834206/299640 PT G.L. 5 UNRCD MINOC-WOOD PLAT
- Tax Annual Amount
- 1621
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- Frame, LogSiding, WoodSiding
- Roof type
- Composition, Shingle
- Additional Structures
- Storage
Listing agent ADAM REDMAN License #56355 - 90 (715) 892-7325
Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI (715) 358-0450
Listing date Jun 4, 2026
MLS# 217604
Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Nearly 3,000 sq ft building with combination commercial and residential use options, including rental, service, retail, office, or food & beverage.
- US Hwy 51 business location in Minocqua with traffic count over 18,200 average cars/day (per WI‑DOT).
- 225' of Hwy 51 frontage plus 170' frontage on Island Cove Rd, offering strong north and south exposure.
- Building layout includes original area with 3 bedrooms, 1 full bath, kitchen, laundry, living room, and a separate exterior entrance.
- Newer addition features an office, half bath, reception area, and nearly 2,000 sq ft showroom.
- Utilities and services include public water and public sewer; heating is natural gas with central air and window units.
Overview
This commercial building includes an original section and a newer addition, for a total size of nearly 3,000 square feet. The original building features three bedrooms, one full bath, a kitchen, a laundry area, and a living room with a separate exterior entrance. The newer addition includes an office, a half bath, a reception area, and nearly 2,000 square feet of showroom space, supporting a range of business uses.
Set on a prime US Highway 51 business location in Minocqua, Wisconsin, the property offers exceptional north- and south-bound exposure. The site has 225 feet of frontage on Hwy 51 and 170 feet of frontage on Island Cove Rd, along with an additional parking area toward the back of the building. The rear parking leads to a deliver door, providing straightforward access for deliveries and day-to-day operations. WI-DOT data indicates traffic of over 18,200 average cars per day.
With both commercial and residential elements, the layout can fit a variety of operators, from service providers and retail and office users to food and beverage concepts. The presence of dedicated reception and showroom space, combined with the option of separate exterior access from the original portion, may support flexible use scenarios while maintaining practical on-site access via the rear deliver door.
Set on a prime US Highway 51 business location in Minocqua, Wisconsin, the property offers exceptional north- and south-bound exposure. The site has 225 feet of frontage on Hwy 51 and 170 feet of frontage on Island Cove Rd, along with an additional parking area toward the back of the building. The rear parking leads to a deliver door, providing straightforward access for deliveries and day-to-day operations. WI-DOT data indicates traffic of over 18,200 average cars per day.
With both commercial and residential elements, the layout can fit a variety of operators, from service providers and retail and office users to food and beverage concepts. The presence of dedicated reception and showroom space, combined with the option of separate exterior access from the original portion, may support flexible use scenarios while maintaining practical on-site access via the rear deliver door.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $13.20 |
| − Vacancy | −$1.0k | −$0.34 |
| EGI | $38.6k | $12.86 |
| − OpEx | −$11.6k | −$3.86 |
| NOI | $27.0k | $9.00 |
3,000 SF · lease $13.20/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$385.7K
$337.5K – $450.0K
NOI $26,999 @ 7.0% cap · market cap 9.00%
Second Best
Office B
$366.4K
$320.6K – $427.5K
NOI $25,650 @ 7.0% cap · market cap 8.55%
Theoretical Best
Industrial
$1.40M
$1.23M – $1.64M
NOI $98,290 @ 7.0% cap · market cap 32.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar Places Nearby
- Carpet City Flooring Center Minocqua — 8095 U.S. Hwy 51, Minocqua, WI 54548
Location Insight
- Map
- Local Demand
- City
- Minocqua
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.7038359
- Latitude
- 45.882174
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - High-visibility building with extensive US Hwy 51 frontage, showroom space, and back parking with a deliver door.
Where is this showroom 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: Nearly 3,000 sq ft building with combination commercial and residential use options, including rental, service, retail, office, or food & beverage.; US Hwy 51 business location in Minocqua with traffic count over 18,200 average cars/day (per WI‑DOT).; 225' of Hwy 51 frontage plus 170' frontage on Island Cove Rd, offering strong north and south exposure.
