2755 Plaza Dr Wausau, WI 54401
- Commercial real estate
- 2.53 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2755 Plaza Dr
- Year built
- 1973
- Lot size
- 2.53 lot acres
- Zone code
- IB
- Property type
- Commercial real estate
- APN
- 291-2907-273-0997
- APU
- 29129072730997
Description
This exceptional mixed-use property, located at 2755 Plaza Dr in Wausau, Wisconsin, presents a unique investment opportunity. The 8,098 square foot building sits on a 2.53-acre lot (APN 291-2907-273-0997) and is currently vacant, offering immense potential for redevelopment or repurposing. Originally constructed in 1975 as a bank, the building retains its original vault and features a drive-thru system with convenient below-ground tunnel access. Its prime corner location at a major connector to Aspirus and Marshfield Clinics ensures high visibility and significant daily traffic, with nearly 5,000 cars passing by daily. The property's size and location make it suitable for a variety of uses, including medical, office, and retail spaces, or even a hotel, as suggested by its inherent value. The permitted zoning is commercial, offering flexibility for future development plans. The asking price is $1,599,000, translating to $197.46 per square foot. This property's strategic location and versatile design make it an attractive investment prospect with significant upside potential. The existing infrastructure, including the drive-thru and vault, provides a solid foundation for a variety of business ventures. Don't miss this chance to acquire a high-traffic, well-situated property in a thriving Wisconsin community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $950,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $955,000
- 6.5%
- $965,000
- 7%
- $905,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $910,000
- Geo Method
- $1,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,005,000
- Retail
- $770,000
- Mixed-Use
- $930,000
- Hospitality
- $830,000
- Educational
- $1,005,000
- Residential Income
- $975,000
- Energy
- $780,000
- Income-Based Land
- $825,000
- Food Service
- $1,005,000
Location Insight
- Map
- Local Demand
- City
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6702
- Latitude
- 44.9633
- CBSA code
- 48140
- CBSA name
- WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA