Schofield Retail Center For
For Sale
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1699 Schofield Ave, Schofield, WI 54476
Versatile retail center with upside potential in Schofield, Wisconsin.
Property Size41,221 SF
Price / SF$131.85
Days on Market1735
Property Features for 1699 Schofield Ave
General Information
Standard status
Active
Size
41,221 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
92%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1995
Year Renovated
2023
Buildings
4
Stories
1
Units
26
Tenancy
Multi
Listing Agency:
Professional Property Advisors
Listed By:
Harry Lancz · License #LA Brok.995691162
Source:
Crexi
Added: Jan 27, 2022
Changed: Oct 25
Last Checked: Oct 28 at 7:57AM
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 Professional Property Advisors
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Investment Insights
Based on property information with market context.
This versatile retail center is located on a busy intersection in Schofield, Wisconsin, across the street from Country Inn and Suites, Walgreens Pharmacy, and Skylight Autism Center. The property features a mix of tenants, including Spectrum Media, Little Caesar's, AnSer, and Lendmark Financial. The center offers upside potential with 3 vacant suites available, sized at 680 square feet and 2100 square feet. The property is well-maintained, with fresh paint applied in 2023 and new roofs installed on two of the buildings in 2022 and 2024. The property size is 41221 square feet, presenting an investment opportunity.
Key Highlights
- Located on a busy intersection in Schofield with high visibility.
- Excellent mix of established tenants including Spectrum Media, Little Caesar's, AnSer, and Lendmark Financial.
- Upside potential with 3 vacant suites available (680 sf and 2100 sf).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$414,642
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,292,840
$8.3M
Cap Rate 7%
$5,923,457
$5.9M
Cap Rate 9%
$4,607,133
$4.6M
Market Conditions
NOI Build-Up for 41,221 SF
Gross rent
$618.3K $15.00/SF
− Vacancy
−$26.0K −$0.63/SF
EGI
$592.3K $14.37/SF
− OpEx
−$177.7K −$4.31/SF
NOI
$414.6K $10.06/SF
Area
Marathon County, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,292,840
Cap Rate 7%
$5,923,457
Cap Rate 9%
$4,607,133
Alternative Uses
Best Use
Retail
$5.92M
$5.18M – $6.91M
NOI $414,642 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.62M
$6.66M – $8.89M
NOI $533,111 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 34%
Beauty & Spa 2%
Electronics 1%
McDonald's
Dining
28,917 visits/mo
0.5 miles
Kwik Trip
Shops & Services
26,815 visits/mo
0.2 miles
Taco John's
Dining
9,684 visits/mo
0.2 miles
Caribou Coffee
Dining
8,395 visits/mo
0.4 miles
Burger King
Dining
7,556 visits/mo
0.5 miles
Demographics for 54476, WI
19,668
Population
8,574
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
42.0 sq mi
ZIP Area
468
Density / Sq Mi
$76,132
Median Household Income
$43,962
Median Earnings
$972
Median Rent
$211,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Roundy's Inc, 2806 Schofield Ave, Schofield, WI 54476
Frequently Asked Questions
What type of property is this?
Shopping center - Versatile retail center with upside potential in Schofield, Wisconsin.
Where is this shopping center located?
The property is located at 1699 Schofield Ave Schofield, WI.
What is the asking price?
The asking price for this property is $5,435,000.
What are key features of this property?
This property features: Located on a busy intersection in Schofield with high visibility.; Excellent mix of established tenants including Spectrum Media, Little Caesar's, AnSer, and Lendmark Financial.; Upside potential with 3 vacant suites available (680 sf and 2100 sf).
