Property profile

402 N 28Th Ave Wausau, WI 54401

FOR SALE
Commercial real estate
Property ID
US92-0213821
0.44 ac lot Built 2003
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2003
Lot 0.44 ac (19,166 SF)
Zoning code UDD
APN 291-2907-281-0956
UPID US92-0213821

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

402 N 28Th Ave Wausau, WI 54401
Wausau metro Census 1401 WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

Zoning & alternative use

UDD · Wausau, WI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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