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Vacant Medical Facility | Tertiary Market 200-202 S Cherry St 1,400 SF Vacant Office Building Online Auction Sale Wittenberg, WI 54499
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Investment Highlights
- Vacant former dental office that presents investors and owner/users with an ideal opportunity in Wittenberg, Wisconsin.
- Conveniently situated with quick access to Route 29 and Route 45, which allows for excellent regional access, boding well for businesses.
- Situated near retailers and restaurants such as Wittenberg Sentry Foods, Dollar General, McDonald’s, and Taco John’s.
- Prime positioning in the middle of town, just off W Grand Avenue, which is a major connector for the area for consumers to the suburbs.
- Just 23 minutes to Marshfield Medical Center-Weston, a 60- to 90-bed general medical and surgical hospital serving the Greater Wausau area.
Executive Summary
NAI Columbia is pleased to present 200-202 S Cherry Street in Wittenberg, Wisconsin, an opportunity for an owner/occupied or value-add investor.
This 1,400-square-foot vacant medical facility is a single-story structure with a thoughtfully designed floor plan adaptable to a wide range of uses. Constructed in 1982 and well-maintained since, the property allows for a smooth transition to new ownership. The building showcases a simple brick façade, offering durability and minimal upkeep, with signage available for tenant branding. Formerly operated as a dental clinic, the space comprises waiting areas, private exam rooms, and office suites. Its versatility enables customization to fit the requirements of owner/users or reconfiguration for multiple tenants to optimize net operating income. Investors may lease the premises to several tenants, while owner-occupiers can tailor the facility to their operational needs.
Located in Wittenberg, Wisconsin, this property presents a valuable opportunity for investors and businesses to engage meaningfully with the local market. Positioned just off W Grand Avenue, the primary artery through town, provides convenient access for both consumers and established brands. The property is situated near important community landmarks, including Wittenberg School, Wittenberg-Birnamwood High School, Washington Park, and multiple hotels. Additionally, the site is only 23 minutes from Marshfield Medical Center-Weston, offering advantages to those intending to utilize the property as a medical facility. As part of the Marshfield Clinic Health System, the facility delivers 24/7 emergency services, comprehensive cancer care, a birthing center, and access to more than 50 specialties. It is recognized for delivering high-quality care and has a high-performing rating in select procedures. This regional synergy enhances the property’s appeal for buyers interested in maintaining its medical purpose.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This 1,400-square-foot vacant medical facility is a single-story structure with a thoughtfully designed floor plan adaptable to a wide range of uses. Constructed in 1982 and well-maintained since, the property allows for a smooth transition to new ownership. The building showcases a simple brick façade, offering durability and minimal upkeep, with signage available for tenant branding. Formerly operated as a dental clinic, the space comprises waiting areas, private exam rooms, and office suites. Its versatility enables customization to fit the requirements of owner/users or reconfiguration for multiple tenants to optimize net operating income. Investors may lease the premises to several tenants, while owner-occupiers can tailor the facility to their operational needs.
Located in Wittenberg, Wisconsin, this property presents a valuable opportunity for investors and businesses to engage meaningfully with the local market. Positioned just off W Grand Avenue, the primary artery through town, provides convenient access for both consumers and established brands. The property is situated near important community landmarks, including Wittenberg School, Wittenberg-Birnamwood High School, Washington Park, and multiple hotels. Additionally, the site is only 23 minutes from Marshfield Medical Center-Weston, offering advantages to those intending to utilize the property as a medical facility. As part of the Marshfield Clinic Health System, the facility delivers 24/7 emergency services, comprehensive cancer care, a birthing center, and access to more than 50 specialties. It is recognized for delivering high-quality care and has a high-performing rating in select procedures. This regional synergy enhances the property’s appeal for buyers interested in maintaining its medical purpose.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
1,400 SF
Building Class
C
Year Built
1982
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,400 SF
Building FAR
0.16
Lot Size
0.20 AC
Parcel Number
191-55-0-50-0130
Parking
16 Spaces (11.43 Spaces per 1,000 SF Leased)
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
1,987
2,202
2,913
2020 Population
2,029
2,245
2,957
2029 Population
1,984
2,200
2,912
2024-2029 Projected Population Growth
-0.2%
-0.1%
0.0%
Daytime Employees
1,554
1,784
1,941
Total Businesses
102
141
172
Average Household Income
$70,380
$70,998
$73,498
Median Household Income
$55,384
$56,224
$58,907
Total Consumer Spending
$22.9M
$25.6M
$35M
Median Age
44.9
45.3
45.6
2024 Households
827
917
1,209
Percent College Degree or Above
9%
9%
9%
Average Home Value
$185,719
$185,545
$189,140
Sale Advisors
Sale Advisors
Patrick Palmer, Director of Retail Services | Principal
Patrick Palmer is a Principal and Broker with NAI Columbia and has extensive experience across the southeast in brokerage and development. Palmer’s primary focus is retail and general commercial. Before joining NAI Columbia, Palmer served as President and Broker in Charge of IAP Company, a family-owned real estate enterprise that has developed real estate for over 50 years in Columbia. Palmer has been a member of ICSC since 2000, and in 2006, he obtained the prestigious CCIM (Certified Commercial Investment Member) award and subsequently served on several national committees and now has a seat on CCIM’s National Board of Directors.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
Bobby Balboni, CCIM, Broker
Bobby joined NAI as a brokerage associate in June 2019 after interning with the firm during his junior and senior year at the University of South Carolina. Bobby works alongside Patrick Palmer, Principal and Director of Retail Services. Their team’s focus is on retail and general commercial properties in the Midlands. Bobby specializes in landlord, seller and tenant representation. Bobby graduated Summa Cum Laude from the University of South Carolina in May of 2019, where he studied Finance and Real Estate. During his undergrad years Bobby tutored peers in finance and accounting courses, served as the Sports Editor for The Daily Gamecock, and was a member of the Carolina Finance & Investment Association. Before moving to Columbia, Bobby grew up on Buzzards Bay in southeastern Massachusetts.
Sam Edens, Brokerage Associate
Born and raised in Columbia, South Carolina, Sam enjoys outdoor activities such as golfing and hunting. He joined NAI Columbia in July of 2024 upon graduating with a major in Retail Management, at the University of South Carolina. After interning with Patrick Palmer and Bobby Balboni for half a year, he has officially joined as a member of the team, leveraging their diverse range of experience to cater to their clients’ needs across the Midlands.
About the Auction Technology
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 937838-91 Ten-X Auction Firm 481-53 Samantha Corbat Auctioneer 4028-52
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Vacant Medical Facility | Tertiary Market | 200-202 S Cherry St
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