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    401-405 Central Ave Marshfield, WI 54449

    For Sale
    $599,900

    8-Unit Multi-Tenant Warehouse, High ROI

    Property size:
    5,001 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a rare chance to acquire a multi-tenant property in Marshfield, Wisconsin's vibrant downtown. The property, located at 401-405 S Central Avenue, comprises two buildings totaling 8,807 net rentable square feet on a 0.15-acre lot (APN 3301103 & 3301101). Constructed in 1910, this two-story structure boasts eight units: three potential commercial spaces on the ground floor (currently configured as two), featuring large display windows ideal for retail businesses, and a rear area previously used as plumbing retail and warehouse space, perfect for businesses needing inventory storage. Upstairs, six residential apartments provide consistent rental income with potential for growth. The property benefits from a dedicated parking lot and enjoys high visibility and foot traffic due to its prime downtown location, near restaurants, shops, a movie theatre, a gas station, and Wenzel Plaza. The permitted zoning is commercial. Financial details, including current rental income and operating expenses, are available upon request. This is a unique blend of commercial and residential spaces, offering a versatile and lucrative investment opportunity. The asking price is $599,900.

    Property Features for 401-405 Central Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    5,001 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1910
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • $599,900 asking price.
    • Multi‑tenant industrial warehouse property.
    • 8,807 square feet of net rentable space across two buildings.
    • Eight units total: three potential commercial spaces and six residential apartments.
    • Located in downtown Marshfield, WI, at 401‑405 S Central Avenue, on a 0.15‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshfield
    County
    Marshfield
    State
    Wisconsin
    Longitude
    -90.175344
    Latitude
    44.6638557

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    FAQs

    What type of property is this?
    Distribution property - 8-Unit Multi-Tenant Warehouse, High ROI
    Where is this distribution property located?
    The property is located at 401-405 Central Ave Marshfield, WI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: $599,900 asking price.; Multi-tenant industrial warehouse property.; 8,807 square feet of net rentable space across two buildings.
    Request Owner's contact information
    401-405 Central Ave Marshfield, WI 54449
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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
    401-405 Central Ave Marshfield, WI 54449
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