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    402 28Th Ave Wausau, WI 54401

    Sponsored
    For Lease
    $17 SF/Yr ($9,573 /Mo)

    Prime Medical Location, 6,400 SF Available

    Lot size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class B+ medical office building, totaling 6,400 square feet, presents a unique investment opportunity in Wausau's thriving medical district. Situated on a 0.81-acre lot with 100 feet of frontage on 28th Avenue, the property boasts high visibility and convenient access. Built in 2003, this two-story building features one elevator and is fully ADA accessible, catering to diverse tenant needs. The entire 6,400 square feet is currently vacant, offering flexibility for a single large tenant or multiple smaller occupants. The building's well-maintained interior includes shop capabilities in the lower level, providing additional storage or workspace options. The basement area benefits from east-facing windows, enhancing natural light and ventilation. A garage storage area further adds to the property's functionality. The property's strategic location directly across from Aspirus and Marshfield Clinic ensures high traffic and visibility, making it an ideal location for medical practices, financial services, or other professional businesses. With 36 engineered and constructed parking stalls, ample parking is readily available for tenants and visitors. The property is zoned commercial and features the APN 291-2907-281-0943. This is a rare opportunity to acquire a well-positioned, versatile medical office building in a high-demand area.

    Property Features for 402 28Th Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,400 SF
    Class
    B
    Total Rate
    9573.33

    Building Details

    Year Built
    2003
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,200 SF
    Rate per SF
    $17
    Space
    Available Space 2
    Size
    3,200 SF
    Rate per SF
    $17

    HighLights

    • 6,400 SF Class B medical office building, fully vacant.
    • Two‑story building with one elevator and ADA access.
    • Located in a prime Wausau medical area, across from Aspirus and Marshfield Clinic.
    • Features 36 parking stalls and 100 feet of frontage on 28th Avenue.
    • Built in 2003, situated on 0.81 acres with Commercial zoning (APN: 291‑2907‑281‑0943).
    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
    -89.671096409273
    Latitude
    44.966198960847

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Location, 6,400 SF Available
    Where is this medical office located?
    The property is located at 402 28Th Ave Wausau, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 6,400 SF Class B medical office building, fully vacant.; Two-story building with one elevator and ADA access.; Located in a prime Wausau medical area, across from Aspirus and Marshfield Clinic.
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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.

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    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
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