202 Forest St Wausau, WI 54403
- Retail properties
- 47,480 SF
- 0.27 lot acres
Current Use by Public Records
- Retail properties
Property Details for 202 Forest St
- Year built
- 1983
- Lot size
- 0.27 lot acres
- Property size
- 47,480 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6275
- Latitude
- 44.9568
