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    227308 Shrike Ave Wausau, WI 54401

    For Sale
    $650,000

    2.58 Acres, I-39 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.58-acre commercial land parcel in Wausau, Wisconsin, presents a unique investment opportunity. Strategically located with unparalleled visibility from I-39, this property boasts an estimated 55,000 daily vehicles passing on Rib Mountain Drive, less than 20 seconds from the interchange. Its prime location in Rib Mountain, a popular destination for both skiing and summer recreation, ensures high traffic and visibility. The area is experiencing significant growth, with plans for two to three additional hotels within a quarter-mile radius. This site is zoned Regional Commercial and offers the flexibility for purchase, build-to-suit projects, or even a land lease. While the existing signage remains with the seller, opportunities for prominent signage are available. The property's APN is 168-2807-033-0976. Serious inquiries are encouraged to explore the possibilities of this exceptional development site. The asking price is $650,000. All proposals will be considered, provided they are reasonable and mutually beneficial, with appropriate guarantees and security.

    Property Features for 227308 Shrike Ave

    General Information

    Property type
    Land
    Lot Size
    112,385 SF

    HighLights

    • 2.58‑acre commercial land parcel in Wausau, WI.
    • High visibility from I‑39 and Rib Mountain Drive (approx. 55,000 daily vehicles).
    • Prime Rib Mountain location, near skiing and summer recreation.
    • Regional Commercial zoning, allowing for purchase, build‑to‑suit, or land lease.
    • Asking price: $650,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.666960134292
    Latitude
    44.931539377465

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    FAQs

    What type of property is this?
    Land - 2.58 Acres, I-39 Visibility
    Where is this land located?
    The property is located at 227308 Shrike Ave Wausau, WI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 2.58-acre commercial land parcel in Wausau, WI.; High visibility from I-39 and Rib Mountain Drive (approx. 55,000 daily vehicles).; Prime Rib Mountain location, near skiing and summer recreation.
    Request Owner's contact information
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    Wausau, WI 54401
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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
    227308 Shrike Ave Wausau, WI 54401
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