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    130 1St St Wausau, WI 54403

    For Sale
    $1,399,500

    Prime location, high traffic, newly renovated.

    Property size:
    20,266 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 130 N 1st St in Wausau, Wisconsin, presents a unique investment opportunity. Boasting 20,266 square feet on a 0.97-acre lot (APN 291-2907-351-0171), this Class B building, originally constructed in 1973 and extensively renovated in 2020, offers a blend of retail and office space currently configured as a bar, executive office, and restaurant. The building features a grand hall and lounge, capable of hosting up to 299 people, a full bar with a coffee shop, a commercial kitchen, and a brew house. Three separate entrances on River Drive provide convenient access to the main floor. The upper floor offers versatile space, currently partially occupied (40% occupancy). Most existing tenants are interested in remaining. A third-floor mezzanine provides valuable storage and utility space. The property benefits from its central downtown Wausau location, high traffic counts, and stunning views of Rib Mountain. The permitted zoning is Downtown Periphery Mixed Use, allowing for diverse operational possibilities. The asking price is $1,399,500, with a NNN lease type and multi-tenancy structure. This property is ideal for investors seeking a strong return in a vibrant Wisconsin market.

    Property Features for 130 1St St

    General Information

    Property type
    Restaurants
    Square Feet
    20,266 SF
    Class
    B
    Lot Size
    42,253 SF

    Building Details

    Year Built/Renovated
    1973/2020

    HighLights

    • Exceptional mixed‑use property totaling 20,266 square feet on a 0.97‑acre lot in downtown Wausau, WI.
    • Class B building, renovated in 2020, featuring retail and office space currently occupied by a bar, executive office, and restaurant.
    • Features a large event hall (299‑person capacity), full bar with coffee shop, commercial kitchen, and brew house.
    • Three street‑level entrances and a third‑floor mezzanine for storage.
    • 40% occupied, with existing tenants interested in renewal; Downtown Periphery Mixed Use zoning.
    • Asking price: $1,399,500; NNN lease; multi‑tenant structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Unglitch Marketing Studio Website Designer Rise Up Central ... Non-Profit Organization Rotary Club of Wausau Club Whitewater Music Hall ... Brewpub

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.630765818285
    Latitude
    44.958885530003

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    FAQs

    What type of property is this?
    Restaurant - Prime location, high traffic, newly renovated.
    Where is this restaurant located?
    The property is located at 130 1St St Wausau, WI.
    What is the asking price?
    The asking price for this property is $1,399,500.
    What are key features of this property?
    This property features: Exceptional mixed-use property totaling 20,266 square feet on a 0.97-acre lot in downtown Wausau, WI.; Class B building, renovated in 2020, featuring retail and office space currently occupied by a bar, executive office, and restaurant.; Features a large event hall (299-person capacity), full bar with coffee shop, commercial kitchen, and brew house.
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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
    130 1St St Wausau, WI 54403
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