1408 Strongs Ave Stevens Point, WI 54481-2960
Property Lookup
Property profile & analytics
1408 Strongs Ave Stevens Point, WI 54481-2960
- Commercial real estate
- 1.28 lot acres
Property ID
US92-2443765
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bright Line Investigations LLC / Law Firm / Security Service
- Revival Hair Lounge / Hair Salon
Property Details for 1408 Strongs Ave
- Lot size
- 1.28 lot acres
- Property type
- Commercial real estate
- APN
- 281-24-0832202503
- APU
- 281240832202503
Description
This exceptional mixed-use property, located at 1408 Strongs Ave, Stevens Point, WI 54481, presents a compelling investment opportunity. The 17,741 square foot building, constructed in 1923 and renovated in 1988, boasts 21 apartment units and 10,339 square feet of fully occupied commercial space. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $170,065, with a pro-forma NOI projected at $286,147. The asking price is $3,400,000, representing a current cap rate of 5.00% and a pro-forma cap rate of 8.42%. The average unit size is substantial, and rents have increased significantly year-over-year. The property sits on a 0.98-acre lot and is zoned B-3 Central Business District. Additional income potential exists through vacant lower-level commercial space (7,402 sq ft), rooftop telecom opportunities, and recently implemented heated underground parking rental. The building's prime downtown location, close to major employers, amenities, and transportation routes, ensures strong tenant demand and future growth potential. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving Wisconsin market. The property is listed as a 100% fee simple interest, with a triple net (NNN) lease type. The building is five stories, with one building on the property. The property is listed on the National Register of Historic Places.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Stevens Point
- County
- Portage
- State
- Wisconsin
- Longitude
- -89.5829
- Latitude
- 44.5221
- CBSA code
- 44620
- CBSA name
- STEVENS POINT, WI MICROPOLITAN 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
$0.00
$240,600
$2,110,600
$2,351,200
-
$0.00
$0.00
$0.00
