Retail-Showroom Building with
8621 HWY 51 Minocqua, WI 54548
8621 HWY 51, Minocqua, WI, 54548
$299,900
For Sale
$299,900
COMMERCIAL - Minocqua, WI
Property Size3,000 SF
Lot Size0.27 Acres
Price / SF$99.97
Days on Market47
Property Features for 8621 HWY 51
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2
- 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 Agency
REDMAN REALTY GROUP, LLC
(715) 358-0450
231 Oneida St PO Box 1287, Minocqua, WI
Listed by
ADAM REDMAN · License #56355 - 90
(715) 892-7325
Added: Jun 4 Checked: Jul 20 at 4:06 am
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.
Investment Insights
Based on property information with market context.
This commercial property includes a nearly 3,000 sq ft building configured for mixed business uses. The original portion features three bedrooms, one full bath, a kitchen, laundry area, and a living room with a separate exterior entrance. A newer addition adds an office, a half bath, a reception area, and a nearly 2,000 sq ft showroom.
The property is located on US Hwy 51 in Minocqua with strong north and south-bound exposure. It offers 225 feet of Hwy 51 frontage and 170 feet of frontage on Island Cove Rd, along with additional parking at the rear of the building that leads to a deliver door. Public remarks indicate traffic of over 18,200 average cars per day per WI-DOT.
With frontage and on-site rear parking, the building supports a range of retail, office, service, and food-and-beverage concepts, and it is described as combining commercial and residential uses.
The property is located on US Hwy 51 in Minocqua with strong north and south-bound exposure. It offers 225 feet of Hwy 51 frontage and 170 feet of frontage on Island Cove Rd, along with additional parking at the rear of the building that leads to a deliver door. Public remarks indicate traffic of over 18,200 average cars per day per WI-DOT.
With frontage and on-site rear parking, the building supports a range of retail, office, service, and food-and-beverage concepts, and it is described as combining commercial and residential uses.
Key Highlights
- Nearly 3,000 sq ft building with combined commercial and residential uses
- 225' of US Hwy 51 frontage plus 170' frontage on Island Cove Rd with north and south‑bound exposure
- Traffic count over 18,200 average cars/day per WI‑DOT
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
Similar Off Market Nearby
- Carpet City Flooring Center Minocqua — 8095 U.S. Hwy 51, Minocqua, WI 54548
FAQs
What type of property is this?
Showroom - Nearly 3,000 sq ft building offers highway frontage, back parking, and a showroom addition with office and reception space.
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 combined commercial and residential uses; 225' of US Hwy 51 frontage plus 170' frontage on Island Cove Rd with north and south‑bound exposure; Traffic count over 18,200 average cars/day per WI‑DOT
