840 62Nd Ave Wausau, WI 54401
- Commercial real estate
- 5.75 lot acres
Current Use by Public Records
- Trustor Coatings LLP / Manufacturer
- Hot-Line Freight System Inc / Trucking Company
- Royale Tobacco / Tobacco Shop
- R w Petersen LLC / Professional Services / Private Investigator
Property Details for 840 62Nd Ave
- Lot size
- 5.75 lot acres
- Zone code
- M2
- Property type
- Commercial real estate
- APN
- 291-2907-311-0998
- APU
- 29129073110998
Description
This exceptional 123,256-square-foot industrial property, located at 840 62nd Ave S in Wausau, Wisconsin, presents a significant investment opportunity. The building, situated on a 5.75-acre lot, is ideally suited for distribution, manufacturing, or warehousing operations. Originally constructed in 1980, with subsequent additions in 2000 and 2002, the facility boasts impressive features including clear heights reaching up to 27 feet at the peak. The property is fully sprinklered and equipped with motion-sensor T8 lighting, ensuring both safety and energy efficiency. A key advantage is its rail-served location, featuring an active rail line connected to the WATCO system via the FOXY line, providing excellent transportation capabilities. The asking price for this well-maintained and strategically located industrial center is $6,780,000, translating to $55.01 per square foot. This represents a compelling opportunity to acquire a substantial and versatile industrial asset in a thriving Wisconsin market. The property is privately owned and offered for sale directly by the owner. The property is located in Marathon County, Wisconsin, zip code 54401.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,070,000
- 6.5%
- $8,310,000
- 7%
- $6,960,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,440,000
- Geo Method
- $8,700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,260,000
- Retail
- $8,675,000
- Mixed-Use
- $8,340,000
- Hospitality
- $7,910,000
- Educational
- $6,760,000
- Residential Income
- $6,565,000
- Energy
- $7,915,000
- Income-Based Land
- $6,525,000
- Food Service
- $7,175,000
Location Insight
- Map
- Local Demand
- City
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.7158
- Latitude
- 44.9519
- CBSA code
- 48140
- CBSA name
- WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA
