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    Property profile & analytics
    FOR SALE
    Commercial real estate

    520 N 28Th Ave, Wausau, WI 54401

    1.5 ac lot Built 1990
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US92-0008279
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, totaling 10,854 square feet, presents a unique investment opportunity in Wausau, Wisconsin. Situated on a 1.5-acre lot at 520 N 28th Ave, this two-story building enjoys a prime location within the Wausau Medical Campus, just blocks from Aspirus Hospital and other medical facilities. Completely renovated in 2022, the property boasts a modern design and numerous upgrades. The main level features eleven private offices, four bathrooms, and a versatile mezzanine. The lower level, previously configured as a childcare center, includes a reception area, three classrooms, a gym, kitchen, nurse's office, two private offices, three bonus rooms, and ample storage. A new fire suppression system, updated mechanicals, and a laundry facility enhance functionality. The well-landscaped exterior provides over 50 parking stalls. Conveniently located near Interstate 39, this property offers easy highway access. The asking price is $1,500,000 ($138.20/sq ft). Potential uses include medical, office, childcare, or educational facilities. The building is currently vacant, allowing for immediate occupancy and customization to suit a buyer's specific needs. This is a rare opportunity to acquire a fully renovated, high-quality medical office building in a thriving medical hub.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1990
    Lot 1.5 ac (65,340 SF)
    Zoning code UDD
    APN 291-2907-281-0977
    UPID US92-0008279
    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
    • Ashleigh Reimer Physician
    • Christine Baker Physician
    • Mrs. Josie Kilde Physician
    • Mrs. Kelly Orysen Physician
    • Dr. Louis Rossetti Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    520 North 28th Avenue LLC · 3 yrs held
    520 North 28th Avenue LLC
    since 2023
    4 recorded transactions
    2023
    2014
    $1.3M
    2005
    $1.2M
    2005
    $621,750
    Zoning & alternative use
    UDD · Wausau, WI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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