402 28Th AveWausau, WI 54401

  • Other commercial real estate
  • 0.44 AC
For Sale
$1,675,000 View listing

Property Details for 402 28Th Ave

Year built
2003
Lot size
0.44 AC
Zone code
UDD
Property type
Other commercial real estate
APN
291-2907-281-0956
APU
29129072810956

Description

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.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,961,112
    Hospitality
    $3,628,357
    Educational
    $3,018,750
    Medical
    $3,122,570
    Retail
    $4,695,834
402 28Th Ave, Wausau, Wisconsin
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Location Insight

City
Wausau
County
Marathon
State
Wisconsin
Latitude
44.9665
Longitude
-89.6715
CBSA code
48140
CBSA name
WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,773
$99,800
$1,025,700
$1,125,500
-
$119,652
$1,229,727
$1,349,379

FAQs

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