Wausau Medical/Office Building For
402 N 28th Ave, Wausau, WI 54401
Class B+ medical/office building in prime Wausau medical area.
Type:Office
Property size:
6,400 SFPrice / SF:
$171/SF- Added:
- Nov 19, 2020
- Days on Market:
- 2021
- Last Refresh:
- May 19 at 8:58 pm
Property Features for 402 N 28th Ave
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing agent T.J. Morice, SIOR License #WI 89917-94
Listing office NAI Pfefferle
Listing date Nov 19, 2020
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NAI Pfefferle
HighLights
- Prime location in Wausau's medical district, across from Aspirus and Marshfield Clinic.
- Class B+ building suitable for medical, office, or financial services.
- 36 on‑site parking stalls.
- ADA accessibility and elevator.
- Well‑maintained building with shop abilities in the lower level.
- Built in 2003.
Overview
This is a Class B+ medical, office, and financial services building featuring ADA access and an elevator. The property offers 100 feet of frontage on 28th Avenue. It is well-maintained and includes shop abilities in the lower level, along with a garage storage area. The building is situated in the prime medical area of Wausau, across from Aspirus and Marshfield Clinic. The basement area has windows facing east. There are 36 parking stalls engineered and constructed on the property. This quality office and medical facility is located along the same corridor as Wausau’s main medical facilities. The property size is 6,400 square feet.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.2k | $21.60 |
| − Vacancy | −$10.4k | −$1.62 |
| EGI | $127.9k | $19.98 |
| − OpEx | −$51.1k | −$7.99 |
| NOI | $76.7k | $11.99 |
6,400 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.10M
$959.0K – $1.28M
NOI $76,723 @ 7.0% cap · market cap 6.97%
Second Best
Office B
$911.4K
$797.5K – $1.06M
NOI $63,798 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,771 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6715016
- Latitude
- 44.9664599
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Class B+ medical/office building in prime Wausau medical area.
Where is this medical office space located?
The property is located at 402 N 28th Ave Wausau, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location in Wausau's medical district, across from Aspirus and Marshfield Clinic.; Class B+ building suitable for medical, office, or financial services.; 36 on‑site parking stalls.
