Restaurant/Retail/Office Building For
115 W 6th St Marshfield, WI 54449
Former gourmet cooking school with retail, dining, and office space.
Type:Office, Retail
Property size:
2,038 SFPrice / SF:
$161/SF- Added:
- Aug 21, 2024
- Days on Market:
- 689
- Last Refresh:
- Jul 2 at 8:10 am
Property Features for 115 W 6th St
General Information
- Standard status
- Active
- Size
- 2,038 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1887
Listing office NAI Pfefferle (715) 297-1953
Listing date Aug 21, 2024
Source Crexi
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
This property, originally built in 1887 with a main wing added in 2004, features two show floors or dining rooms, a full commercial kitchen, and a full basement. The building is one and a half stories, with an office located on the second floor. It includes an outdoor patio and garden. A partial basement is located under the newer section of the building. The property has ADA entry and restroom. With a size of 2038 square feet, this retail, office, or restaurant space is located near the downtown retail district in Marshfield. Street parking is available. It is ideal for a boutique dining club.
Key Highlights
- Full commercial kitchen ideal for restaurant or catering business.
- Located near downtown retail district in Marshfield.
- Two show floors or dining room areas.
Local Financial Insights For Specialty 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 | $38.6k | $18.96 |
| − Vacancy | −$1.7k | −$0.85 |
| EGI | $36.9k | $18.11 |
| − OpEx | −$9.2k | −$4.53 |
| NOI | $27.7k | $13.58 |
2,038 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 8.39%
Second Best
Office B
$258.8K
$226.4K – $301.9K
NOI $18,113 @ 7.0% cap · market cap 5.49%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Former gourmet cooking school with retail, dining, and office space.
Where is this restaurant located?
The property is located at 115 W 6th St Marshfield, WI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Full commercial kitchen ideal for restaurant or catering business.; Located near downtown retail district in Marshfield.; Two show floors or dining room areas.
