501 Hewett St Neillsville, WI 54456
For Sale
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This exceptional two-story commercial building, situated on a corner lot in downtown Neillsville, Wisconsin (501 Hewett St, 54456), offers 10,000 square feet of prime retail space. The property, zoned for commercial use, features a total of ten units across two stories within a single building. Currently housing two tenants with active, long-term leases, this investment opportunity boasts multiple income streams. The building includes over 20 office spaces, three kitchenette break rooms, and three conference rooms. Restrooms are conveniently located on both floors. Several units offer built-in shelving and sink facilities, ideal for a variety of uses. The building features a stunning lobby and waiting area, connected by a gorgeous stairwell. All mechanical systems are meticulously maintained, including a recently installed rubber roof. Additional amenities include ADA compliance, fiber optic internet access, an adjacent parking lot, secure swipe card entry, a maintenance room, and two air exchangers. Its location on Highway 73 in the historic 500 block of downtown Neillsville provides excellent visibility and accessibility. The versatile layout is suitable for various commercial ventures, including but not limited to: multi-tenant shopping center, dental or medical offices, insurance agency, real estate office, general business offices, or creative studios. This well-maintained property presents a strong investment opportunity with existing income generation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.