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    601 32Nd Ave Wausau, WI 54401

    Sponsored
    For Sale
    $582,500

    7,124 SF Medical Office, 5% Cap Rate

    Property size:
    7,124 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-story, 7,124 square foot Class C medical office building in Wausau, Wisconsin, is offered at $582,500 ($81.77/SF). Currently 50% occupied, this multi-tenant property presents a compelling investment opportunity with a projected 5.00% cap rate. Situated on a 1.22-acre lot (APN 291-2907-331-0987), the building features a desirable location with convenient highway access and ample parking. The property boasts multiple secure offices, two potential entrances for shared space, and a secure, separate basement entrance. Tenants benefit from prominent monument sign placement. The building's corporate feel, enhanced by flagpoles, adds to its curb appeal and locational advantages. The zoning is commercial, allowing for potential expansion. The lease type is NNN. This property offers a blend of immediate income and future growth potential in a thriving Wisconsin market. The building is located at 601 S 32nd Ave, Wausau, WI 54401.

    Property Features for 601 32Nd Ave

    General Information

    Property type
    Medical offices
    Square Feet
    7,124 SF
    Class
    C
    Lot Size
    53,143 SF

    Building Details

    Stories
    1

    HighLights

    • Multiple office suites available.
    • High‑accessibility location with excellent visibility.
    • Prestigious corporate image.
    • Two shared entrances plus a secure basement entrance.
    • Monument signage opportunities for tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allied Health Chiropractic ... Chiropractor SCOTT M. SNIDER Nurse Practitioner TIMOTHY JON WITTWER Nurse Practitioner Kristie L. Davis, ... Chiropractor Grace E. Zuiker, ... Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.676030434441
    Latitude
    44.957828508708

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    FAQs

    What type of property is this?
    Medical office - 7,124 SF Medical Office, 5% Cap Rate
    Where is this medical office located?
    The property is located at 601 32Nd Ave Wausau, WI.
    What is the asking price?
    The asking price for this property is $582,500.
    What are key features of this property?
    This property features: Multiple office suites available.; High-accessibility location with excellent visibility.; Prestigious corporate image.
    Request Owner's contact information
    601 32Nd Ave Wausau, WI 54401
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    Wausau, WI 54401
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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
    601 32Nd Ave Wausau, WI 54401
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