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    201 1St Ave Wausau, WI 54401

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    For Sale
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    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional Wausau commercial land opportunity. Two parcels totaling approximately 6-6.5 acres, ideal for development. Located in Marathon County, Wisconsin, this prime commercial land presents a unique investment opportunity. The property consists of two contiguous parcels, conveniently situated at 201 N 1st Avenue and 901 Cherry Street in Wausau, WI 54401. The combined lot size ranges from 5.9 to 6.54 acres, offering ample space for a variety of commercial ventures. The precise acreage is subject to survey. The property's location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the Wausau area. The parcels are identified by APN numbers # 291-2907-234-083 and # 291-2907-264-0217. This is a rare opportunity to acquire a significant land holding in a thriving Wisconsin community. The property is zoned for commercial use, allowing for a wide range of development possibilities. Interested parties are encouraged to conduct their own due diligence to verify zoning and development regulations. This property is being offered for sale and presents a compelling investment opportunity for developers and businesses alike. The geographic coordinates for the parcels are approximately 44.9671777 latitude and -89.635868 longitude for 201 N 1st Ave and 44.9738764 latitude and -89.6352047 longitude for 901 Cherry St.

    Property Features for 201 1St Ave

    General Information

    Property type
    Land
    Lot Size
    257,004 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.635868
    Latitude
    44.9671777

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    FAQs

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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 1St Ave Wausau, WI 54401
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