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Property profile & analytics
FOR SALE
Commercial real estate

1500 24Th St S Wisconsin Rapids, WI 54494

11.02 ac lot
Entity Owned 20-yr Hold Free & Clear
Property ID
US92-2498281
Property summary
AI-generated overview

This exceptional commercial development opportunity presents a prime .9 to 1.27-acre parcel located at 1500 24th St S in Wisconsin Rapids, Wisconsin, zip code 54494. The property boasts an enviable location, offering excellent access and high visibility from the East Riverview Expressway and Highway 54, a major arterial road serving Wisconsin Rapids. A traffic light at the intersection of 24th St S and East Riverview Expy further enhances accessibility and visibility for potential businesses. The site's strategic position is complemented by its proximity to area schools and established retailers, ensuring a strong customer base and convenient access for employees. This property is zoned G2-Commercial, allowing for a diverse range of development options. Approved uses include, but are not limited to, drug stores, retail establishments, car washes, dry cleaning services, restaurants, and office spaces. This presents a unique chance to develop a thriving commercial venture in a high-traffic area with established infrastructure and a strong local economy. The property's size and zoning flexibility make it ideal for a variety of commercial projects, offering significant potential for return on investment. This is a rare opportunity to acquire a well-located, commercially zoned parcel in a growing Wisconsin Rapids market. Contact us today to learn more about this exceptional development opportunity.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 11.02 ac (480,031 SF)
APN 3409049
UPID US92-2498281
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
  • The Home Depot Building Supply Hardware & Home Improvement
  • Home Services at The Home Depot General Contractor
  • Garden Center at The Home Depot Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k
Owner & transaction history
Home Depot USA INC · 20 yrs held
Home Depot USA INC
since 2006
3 recorded transactions
2006
$950,000
2006
$750,000
2006
$750,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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