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

    402 28Th Ave Wausau, WI 54401

    Sponsored
    For Sale
    $1,675,000

    Prime Wausau medical office, 100% occupied.

    Property size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class B medical office building, located at 402 N 28th Ave, Wausau, WI 54401, presents a compelling investment opportunity. Boasting 6,400 square feet across two stories, this single-tenant property sits on a 0.52-acre lot and offers 36 parking stalls. Built in 2003, the building features ADA access and an elevator, making it highly accessible. The property enjoys 100 feet of frontage on 28th Avenue, placing it in a prime medical area directly across from Aspirus and Marshfield Clinic. The lower level provides shop capabilities and features east-facing windows, along with additional garage storage. Currently 100% occupied under a NNN lease, this property offers a 5.00% cap rate and is priced at $1,675,000 ($156.24/sq ft). The permitted zoning is commercial, and the APN is 291-2907-284-0040. This well-maintained building represents a strong investment in a thriving medical corridor. The owner is building a new complex, making this facility available in Spring 2021.

    Property Features for 402 28Th Ave

    General Information

    Property type
    Medical offices
    Square Feet
    6,400 SF
    Class
    B
    Lot Size
    22,651 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    2

    HighLights

    • Class B, 6,400 SF medical office building in Wausau, WI.
    • Single‑tenant, 0.52‑acre lot with 36 parking spaces.
    • Built in 2003, ADA accessible with elevator, 100' of frontage on 28th Ave.
    • 100% occupied under NNN lease, 5.00% cap rate, $1,675,000 ($261.72/SF).
    • Located across from Aspirus and Marshfield Clinic; lower level offers shop space and garage storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office 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
    -89.6712987
    Latitude
    44.9664768

    Nearby Similar for Sale

    • $565,000
      6,800 SF

      Former CBRF Ideal for Redevelopment

      Former Community-Based Residential Facility (CBRF) with redevelopment potential in Wausau.
      5601 Sherman St, Wausau, WI 54401
      View Details
    • $299,000
      4,433 SF

      Wausau Commercial Property For Sale

      Former supper club ready for renovation in Wausau, Wisconsin.
      3901 N 6Th St, Wausau, WI 54403
      View Details
    • $169,900

      Wausau Duplex Near Amenities

      Two-unit property near bus line, grocery, schools, and restaurants.
      828 N 1St Ave, Wausau, WI 54401
      View Details
    • $749,900
      4,860 SF

      Historic Wausau Landmark For Sale

      Established in 1880, renovated commercial property near riverfront redevelopment.
      1203 3Rd St, Wausau, WI 54403
      View Details
    • $674,900
      6,760 SF

      Wausau Office Building For Sale

      Professional office building on Grand Avenue with high traffic volume.
      1818 Grand Ave, Wausau, WI 54403
      View Details
    • $395,000
      7,600 SF

      Wausau Retail Investment Opportunity

      Commercial property with two buildings, parking, and income potential.
      614 N 3Rd Ave, Wausau, WI 54401
      View Details
    • $649,900
      2,486 SF

      Wausau Retail Building For Sale

      Well-maintained retail building with I-39 frontage in Rib Mountain.
      226126 Hummingbird Rd, Wausau, WI 54401
      View Details
    • New
      $159,900

      Wausau Duplex: Income Opportunity

      Two-unit duplex in Wausau, WI with steady income potential.
      518 Lincoln Ave, Wausau, WI 54403
      View Details
    • $1,450,000
      20,001 SF

      Wausau Commercial Property on Highway

      High-traffic location suitable for retail, office, or redevelopment.
      1720 N Us Highway 51, Wausau, WI 54401
      View Details
    • New
      $3,450,000
      75,975 SF

      New Storage Facility Opportunity

      New storage facility on 9.13 acres near I-39.
      2677 Decator Dr, Wausau, WI 54401
      View Details
    • $195,000
      3,200 SF

      Wausau Retail Investment Opportunity

      Commercial property with two units in high-traffic area.
      624 N 3Rd Ave, Wausau, WI 54401
      View Details
    • $225,000
      4,400 SF

      Wausau Retail Investment Opportunity

      Commercial property with high visibility and income potential in Wausau.
      614 N 3Rd Ave, Wausau, WI 54401
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Wausau medical office, 100% occupied.
    Where is this medical office located?
    The property is located at 402 28Th Ave Wausau, WI.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: Class B, 6,400 SF medical office building in Wausau, WI.; Single-tenant, 0.52-acre lot with 36 parking spaces.; Built in 2003, ADA accessible with elevator, 100' of frontage on 28th Ave.
    Request Owner's contact information
    402 28Th Ave Wausau, WI 54401
    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.
    402 28Th Ave
    Wausau, WI 54401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    402 28Th Ave Wausau, WI 54401
    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
    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.