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2755 Plaza Dr 8,098 SF Retail Building Wausau, WI 54401 $850,000 ($104.96/SF)
Investment Highlights
- Strategic Commercial Corridor Location – High visibility along Plaza Drive with proximity to retail, medical, & service users supporting tenant demand
- Functional Building Size – ±8,098 SF single-story building (plus basement) suited for medical, office, or service users
- Attractive Basis / Below Replacement Cost – Pricing reflects vacancy & capital needs, providing downside protection & long-term upside
- Large, Well-Parked Site – ±2.53 AC site with 50+ parking stalls providing above market parking ratios
- Flexible Zoning (SMU) – Allows for a wide range of commercial, medical, & service-oriented uses
- Stabilization Upside – Projected NOI of ~$121K supports stabilized valuation in the $1.35M–$1.43M range before lease-up costs
Executive Summary
Positioned along a prominent commercial corridor in Wausau, 2755 Plaza Drive presents a compelling value-add opportunity to reposition a vacant former bank branch into a stabilized medical or professional office asset.
The ±8,098 SF building sits on an oversized ±2.53-acre site with strong visibility, access, and excess parking—attributes that continue to drive demand from outpatient medical users and service-oriented tenants in secondary Wisconsin markets. With no in-place income, the opportunity is best suited for an investor or owner-occupant capable of executing a lease-up or renovation strategy, capitalizing on below-replacement cost basis and flexible SMU zoning.
The current pricing guidance reflects lease-up risk and capital requirements, but also creates an attractive entry point with upside through re-tenanting at market rents.
The ±8,098 SF building sits on an oversized ±2.53-acre site with strong visibility, access, and excess parking—attributes that continue to drive demand from outpatient medical users and service-oriented tenants in secondary Wisconsin markets. With no in-place income, the opportunity is best suited for an investor or owner-occupant capable of executing a lease-up or renovation strategy, capitalizing on below-replacement cost basis and flexible SMU zoning.
The current pricing guidance reflects lease-up risk and capital requirements, but also creates an attractive entry point with upside through re-tenanting at market rents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
8,098 SF
Building Class
C
Year Built
1973
Price
$850,000
Price Per SF
$104.96
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.53 AC
Zoning
SMU - Suburban Mixed Use
Parking
50 Spaces (6.17 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 291-2907-273-0997 | Improvements Assessment | $862,800 |
| Land Assessment | $544,500 | Total Assessment | $1,407,300 |
Property Taxes
Parcel Number
291-2907-273-0997
Land Assessment
$544,500
Improvements Assessment
$862,800
Total Assessment
$1,407,300
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