202 Forest St Wausau, WI 54403
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.