Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    8135 Us Highway 51 Minocqua, WI 54548

    Sponsored
    For Sale
    $599,000

    Prime Hwy 51 location, endless possibilities.

    Property size:
    2,502 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional commercial/residential property in Minocqua, Wisconsin, presents a unique investment opportunity. Located on the west side of Highway 51, boasting an estimated 15,950 daily vehicles (per Wisconsin DOT), this property offers 2,502 square feet across three buildings situated on a 35,719 square foot lot. The main building, completely renovated inside, is zoned for short-term rentals, providing potential rental income. A separate 12' x 27' shop building, featuring newer flooring and year-round climate control, previously operated as a bait shop and is ideal as a showroom. The property's prime location offers direct frontage on Lake Minocqua, complete with a pier, and provides convenient access to a snowmobile trail. Two access points ensure easy navigation. Its proximity to downtown Minocqua and local amenities adds to its appeal. Utilities include city water/sewer, natural gas, and Charter high-speed internet. This all-encompassing property offers a blend of commercial and residential potential, allowing for diverse uses and income streams. The asking price is $599,000. This is a rare chance to own a versatile property in a desirable Wisconsin location.

    Property Features for 8135 Us Highway 51

    General Information

    Property type
    Motels
    Square Feet
    2,502 SF

    We can help!

    Listing Contact
    Adam Redman
    Adam Redman

    Learn more

    HighLights

    • $599,000 asking price.
    • 2,502 square foot building on a 35,719 square foot lot.
    • Located on US‑51 in Minocqua, WI, with an estimated 15,950 daily traffic count.
    • Includes three buildings offering commercial and residential potential, including a renovated residence suitable for short‑term rentals.
    • Lake Minocqua frontage with pier, snowmobile trail access, and city utilities (water, sewer, natural gas, high‑speed internet).
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Nail Salon Gym & Fitness Auto Parts Store Clothing Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Minocqua
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.7052955
    Latitude
    45.8568022

    Nearby Similar for Sale

    • $674,500
      1.17 Acres

      Prime Office Space in Minocqua

      Commercial property with offices, conference room, kitchen, garage, and accessibility.
      9559 Bolger Lake Rd, Minocqua, WI 54548
      View Details
    • $1,449,000
      1.65 Acres

      Established Bowling Center with Lounge

      Bowling center, lounge, and restaurant on Hwy 51 in Minocqua, WI.
      8085 Hwy, Minocqua, WI 54548
      View Details
    • $274,900
      0.37 Acres

      Minocqua Fourplex Investment Opportunity

      Fourplex in Minocqua, WI, offering diverse floorplans and income potential.
      9503 Cory Ln, Minocqua, WI 54548
      View Details
    • $599,000
      0.82 Acres

      Minocqua Mixed-Use Commercial/Residential Opportunity

      Commercial/residential property near downtown Minocqua with lake frontage and rental potential.
      8135 Hwy 51, Minocqua, WI 54548
      View Details
    • $350,000
      0.75 Acres

      Renovated Commercial Building on Highway

      Charming, renovated commercial building with high US Hwy 51 exposure.
      7601 Hwy 51, Minocqua, WI 54548
      View Details
    • $1,250,000
      1.61 Acres

      Prime Commercial Location in Minocqua

      High-traffic location near Hwy 51 and Hwy 70 in Minocqua.
      8700 Hwy 51, Minocqua, WI 54548
      View Details
    • $344,900
      0.33 Acres

      Minocqua Fourplex Investment Opportunity

      Four-unit property near downtown Minocqua with income potential.
      9506 Cory Ln, Minocqua, WI 54548
      View Details
    • $694,900
      0.09 Acres

      Established Restaurant & Bar For Sale

      Well-known restaurant and bar with lake frontage on Fence Lake Chain.
      1520 Cth F, Minocqua, WI 54548
      View Details
    • $1,250,000
      1.61 Acres

      COMMERCIAL - Minocqua, WI

      High-traffic location near Hwy 51 and Hwy 70 in Minocqua.
      8700 Hwy 51, Minocqua, WI 54548
      View Details
    • Contact for pricing
      1,716 SF

      Prime Minocqua Commercial Space

      Highway 70, Lakefront, 1716 sq ft
      10310 State Highway 70, Minocqua, WI 54548
      View Details
    • $1,499,000
      15,624 SF

      Island City Lanes & Lounge - Minocqua, WI

      Profitable Bowling Alley & Lounge - Hwy 51
      8085 Us Highway 51, Minocqua, WI 54548
      View Details
    • $275,000
      1,716 SF

      Prime Minocqua Office Building

      Vacant, 1716 sq ft, high visibility
      10310 Wi-70, Minocqua, WI 54548
      View Details

    FAQs

    What type of property is this?
    Motel - Prime Hwy 51 location, endless possibilities.
    Where is this motel located?
    The property is located at 8135 Us Highway 51 Minocqua, WI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price.; 2,502 square foot building on a 35,719 square foot lot.; Located on US-51 in Minocqua, WI, with an estimated 15,950 daily traffic count.
    Request Owner's contact information
    8135 Us Highway 51 Minocqua, WI 54548
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8135 Us Highway 51
    Minocqua, WI 54548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    8135 Us Highway 51 Minocqua, WI 54548
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam Redman
    Adam Redman
    Real Estate License ID: WI
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.