Two-Unit Office
For Sale
$750,000
8626 Hwy 51, Minocqua, WI 54548
Built in 2023 with reception, storage, workspace, and private parking.
Property Size3,000 SF
Price / SF$250
Days on Market65
Property Features for 8626 Hwy 51
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$3,441
Building Details
Building Size
3,000 SF
Year Built
2023
Buildings
1
Listing Agency:
Lasier Realty, Inc.
(715) 614-2530
Listed By:
Nicholas Lasier
(715) 614-2530
Source:
Northwoodswi
Added: Jun 2
Changed: Aug 5
Last Checked: Aug 5 at 5:31AM
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 Lasier Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 2023, this 3,000-square-foot office building at 8626 Hwy 51 in Minocqua offers a practical layout for professional operations. The interior includes established office areas, a front reception desk, a shared vestibule, and additional storage or workspace. Two separate office suites are currently configured within the building, each with a private entrance from the common vestibule, while the layout can also function as one larger office environment.
The property fronts Hwy 51 and includes an inviting main entry along with private on-site parking for customers and staff. Its location provides direct highway access in Minocqua, Wisconsin, with the building’s existing configuration supporting either separate office occupancy or combined use.
The property fronts Hwy 51 and includes an inviting main entry along with private on-site parking for customers and staff. Its location provides direct highway access in Minocqua, Wisconsin, with the building’s existing configuration supporting either separate office occupancy or combined use.
Key Highlights
- 3,000‑square‑foot office building constructed in 2023
- Two separate office spaces with private entrances
- Shared front vestibule with reception desk
Financial Insights For Office B
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 | $45.0k | $15.00 |
| − Vacancy | −$10.8k | −$3.60 |
| EGI | $34.2k | $11.40 |
| − OpEx | −$8.6k | −$2.85 |
| NOI | $25.7k | $8.55 |
3,000 SF · lease $15.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Industrial
$1.40M
$1.23M – $1.64M
NOI $98,290 @ 7.0% cap · market cap 13.11%
Second Best
Office B
$366.4K
$320.6K – $427.5K
NOI $25,650 @ 7.0% cap · market cap 3.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built in 2023 with reception, storage, workspace, and private parking.
Where is this office units located?
The property is located at 8626 Hwy 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000‑square‑foot office building constructed in 2023; Two separate office spaces with private entrances; Shared front vestibule with reception desk
