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    202 Forest St Wausau, WI 54403

    Sponsored
    For Sale
    $600,000

    Prime Retail/Commercial Land, Vacant

    Property size:
    47,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional opportunity presents two vacant lots totaling .27 to .82 acres in the heart of downtown Wausau, Wisconsin. Ideally situated across from HOM Furniture and the new Children's Imaginarium, this property boasts a prime location within a rapidly revitalizing area. The site is adjacent to established businesses including Anytime Fitness, McDonald's, and the U.S. Post Office, ensuring high visibility and foot traffic. The property benefits from its proximity to the Marathon County Courthouse and a significant redevelopment zone, promising substantial future growth. With a permitted DPMU (Downtown Periphery Mixed Use) zoning, the land offers flexibility for a variety of commercial developments, including build-to-suit options. The combined lot size offers 47,480 square feet, priced at $12.64 per square foot for a total asking price of $600,000. The property features a 1983 construction date with renovations completed in 2019. This presents a unique chance to capitalize on Wausau's ongoing urban renewal, creating a thriving business in a vibrant and evolving downtown setting. Build-to-suit options are available, with potential for drive-through capabilities and demising from 1,600 to 5,200 square feet. The property's strategic location within a revitalized area, coupled with its flexible zoning and build-to-suit potential, makes it an attractive investment for developers and businesses seeking a prominent presence in a growing Wisconsin city.

    Property Features for 202 Forest St

    General Information

    Property type
    Land
    Square Feet
    47,480 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built/Renovated
    1983/2019

    HighLights

    • Two vacant lots totaling 0.27 to 0.82 acres for sale in downtown Wausau, WI.
    • Prime location across from HOM Furniture and the new Children's Imaginarium.
    • High visibility site adjacent to Anytime Fitness, McDonald's, and the U.S. Post Office.
    • Located near a redevelopment zone and the Marathon County Courthouse.
    • DPMU (Downtown Periphery Mixed Use) zoning allows for flexible commercial development.
    • Build‑to‑suit options available, with potential for drive‑through and demising from 1,600 to 5,200 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
    -89.627534
    Latitude
    44.956798

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    FAQs

    What type of property is this?
    Land - Prime Retail/Commercial Land, Vacant
    Where is this land located?
    The property is located at 202 Forest St Wausau, WI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Two vacant lots totaling 0.27 to 0.82 acres for sale in downtown Wausau, WI.; Prime location across from HOM Furniture and the new Children's Imaginarium.; High visibility site adjacent to Anytime Fitness, McDonald's, and the U.S. Post Office.
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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
    202 Forest St Wausau, WI 54403
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