St. Croix Office Center 102 N Washington St 11,186 SF 85% Leased Office Building Saint Croix Falls, WI 54024 $450,000 ($40.23/SF)

Downtown St. Croix Falls investment opportunity with 11,186 sq ft, over 10 leases in place, multiple entrances, long-term rental agreements, historic district visibility, and additional upside potential.
102/106 N Washington Street offers a rare chance to acquire a substantial income-producing commercial asset in the heart of St. Croix Falls’ historic downtown district. With more than 11,000 sq ft, over 10 existing rental leases in place, and most tenants operating under long-term rental agreements, this property provides immediate income with the added benefit of future growth potential. The building is in great condition and offers the kind of flexible, multi-tenant layout that investors look for: established occupancy, multiple access points, adaptable spaces, shared common areas, restroom facilities, and a downtown location with strong local identity.
This property is well positioned for an investor seeking a stabilized asset with room to increase value over time. The current tenant mix creates diversified income across multiple rental streams, helping reduce reliance on a single occupant. In addition to the leases already in place, the size and layout of the building offer opportunities to further optimize unused or underused space, expand lease offerings, reconfigure suites, or reserve a portion of the building for an owner-operated business. Whether held as a long-term income property, improved through strategic leasing, or positioned as part of a larger commercial portfolio, the building offers both stability and upside.
The property’s multiple entrances are a major advantage for multi-tenant use. Separate access points can support a variety of business types, tenant needs, and leasing arrangements, while also helping the building function efficiently for current and future occupants. The interior layout can accommodate professional services, office users, retail concepts, wellness or studio uses, recreation-based businesses, creative operators, specialty services, or other commercial tenants allowed by local zoning. This flexibility gives a future owner options to continue the current income model while exploring ways to improve rent roll, tenant placement, and overall property performance.
Location is one of the strongest features of this asset. Set in the historic district of downtown St. Croix Falls, the building benefits from walkable surroundings, established neighboring businesses, sidewalk frontage, and convenient access to local dining, coffee, retail, library services, parks, trails, and the St. Croix River corridor. St. Croix Falls is known as a historic Wisconsin river town with regional appeal, outdoor recreation access, and a downtown setting that attracts both local traffic and visitors. For tenants, this location provides visibility and connection to the community. For investors, it supports long-term demand for small business, office, service, and specialty commercial space.
The building’s scale also sets it apart. Commercial properties with over 11K sq ft in a downtown historic district are not easy to replace, especially when they already include multiple rental agreements and active income. The property offers a practical mix of income, location, condition, and flexibility that can appeal to a wide range of buyers, including private investors, 1031 exchange buyers, owner-users, local operators, and portfolio investors looking for a property with existing tenancy and additional potential.
This is more than a building with square footage. It is an opportunity to purchase a downtown commercial asset with current cash flow, a diversified lease base, and the ability to grow value through hands-on ownership, improved leasing strategy, or continued long-term hold. With over 10 leases in place, most structured as long-term rental agreements, and additional potential within the building, this property stands out as a compelling investment in one of western Wisconsin’s most recognizable historic river communities.