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1818 Grand Ave 6,760 SF Office Building Wausau, WI 54403 $674,900 ($99.84/SF) 12.02% Cap Rate
Investment Highlights
- Heavy Traffic Area
- Corner Lot
Executive Summary
Whether you’re seeking to diversify your portfolio or secure a dependable, income-producing asset, this property presents a strategic and rewarding investment opportunity. This professional office building is ideally situated on heavily traveled Grand Avenue, with traffic counts exceeding 24,000 vehicles per day. This property sits on a prominent corner 0.35-acre site at Grand Ave and Weston Ave, providing excellent visibility and convenient access. The property features a spacious layout, including 4,992 finished square feet of office space on the main level. The lower level offers an additional 936 square feet of finished space plus 832 square feet of unfinished storage space, allowing flexibility for various business needs. Recent improvements include a NEW roof (August 2024) and a NEW main building HVAC unit (2023), adding significant value and reducing near-term capital expenses. Suitable for a wide range of professional or commercial uses. The building is currently leased, generating immediate rental income and making it an outstanding turnkey investment property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,760 SF
Building Class
B
Year Built/Renovated
1974/2022
Price
$674,900
Price Per SF
$99.84
Cap Rate
12.02%
NOI
$81,120
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,760 SF
Building FAR
0.44
Lot Size
0.35 AC
Zoning
B3 - B3 zoning districts allow for general commercial uses. This zoning permits a variety of business activities, including retail stores, restaurants, offices, and service establishments.
Parking
12 Spaces (1.78 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Signage
- Wheelchair Accessible
- Basement
- Central Heating
- Natural Light
- Monument Signage
- Air Conditioning
- Smoke Detector
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Property Taxes
| Parcel Number | 291-2807-011-0047 | Improvements Assessment | $318,000 |
| Land Assessment | $107,000 | Total Assessment | $425,000 |
Property Taxes
Parcel Number
291-2807-011-0047
Land Assessment
$107,000
Improvements Assessment
$318,000
Total Assessment
$425,000
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1818 Grand Ave
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