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City Square Office Center 500 3rd St 143,435 SF 73% Leased 4-Star Office Building Wausau, WI 54403 $9,580,000 ($66.79/SF) 10.01% Cap Rate

Office Spaces Wisconsin Wausau 500 3rd St, Wausau, WI 54403

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Investment Highlights

  • Highly visible location - Iconic Building in the Market
  • New Lobby Floor Coverings
  • Fist Class Amenities - Fitness Center, Conference Center, Conf Cafe, Bike Room

Executive Summary

CBRE is pleased to present the opportunity to purchase an iconic office building located in the heart of downtown Wausau. The offering provides mix of traditional and creative
office space. An investor will have the opportunity to further increase occupancy and drive rents, while maintaining a loyal base of existing credit-rated tenants.
Attractive Cap Rate. For financial information and to download the full Offering Memorandum go to www.citysquare-cbre.com

Attachments

Brochure_City Square Wausau 4-27-26

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
143,435 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1976/2016
Price
$9,580,000
Price Per SF
$66.79
Cap Rate
10.01%
NOI
$958,878
Percent Leased
73%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
17,929 SF
Building FAR
2.40
Lot Size
1.37 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B41 - Business

Amenities

  • 24 Hour Access
  • Atrium
  • Banking
  • Conferencing Facility
  • Fitness Center
  • Property Manager on Site
  • Signage
  • Skylights
  • Storage Space
  • Shower Facilities

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • BMO Bank
  • Finance and Insurance
  • -
  • -
  • -
  • CGI
  • Information
  • -
  • -
  • -
  • Liberty Mutual Ins Corp
  • -
  • -
  • -
  • -
  • Rogers Healthcare
  • -
  • -
  • -
  • -
  • State of Wisconsin
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
BMO Bank Finance and Insurance - - -
CGI Information - - -
Liberty Mutual Ins Corp - - - -
Rogers Healthcare - - - -
State of Wisconsin Public Administration - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 110-3
  • 168 SF
  • Office
  • Full Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl-Ste 110-4
  • 158 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016

  • 1st Fl-Ste 110-5
  • 176 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016

  • 1st Fl-Ste 110-6
  • 172 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016

  • 1st Fl-Ste 110-7
  • 206 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl-Ste 110-8
  • 171 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl - 110-9
  • 3,410 SF
  • Flex
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl - 120
  • 606 SF
  • Flex
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl-Ste 130
  • 380 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl - 155
  • 455 SF
  • Flex
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl - 160-1
  • 1,019 SF
  • Flex
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl - 160-2
  • 1,686 SF
  • Flex
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl - 160-3
  • 158 SF
  • Flex
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 1st Fl - 170
  • 3,602 SF
  • Flex
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 2nd Fl-Ste 200
  • 1,907 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 2nd Fl-Ste 203
  • 9,510 SF
  • Office
  • -
  • Now
  • 2nd Fl-Ste 220
  • 1,811 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 3rd Fl-Ste 303
  • 2,807 SF
  • Office
  • Partial Build-Out
  • Now
500 3rd St, Wausau, WI for sale Floor Plan- Image 1 of 1
Floor Plan

City Square Office Center offers 8 stories of office in the heart of downtown Wausau. Parking is available via an adjacent parking structure connected to the building with a sky walk. The property is located on historic 3rd Street in the City of Wausau, Wisconsin and spans one full city block. The property has excellent views of Rib Mountain and the Arts Block.

  • 3rd Fl-Ste 305
  • 1,274 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 318
  • 2,780 SF
  • Office
  • Partial Build-Out
  • Now

City Square Office Center offers 8 stories of office in the heart of downtown Wausau. Parking is available via an adjacent parking structure connected to the building with a sky walk. The property is located on historic 3rd Street in the City of Wausau, Wisconsin and spans one full city block. The property has excellent views of Rib Mountain and the Arts Block.

  • 4th Fl-Ste 401
  • 1,720 SF
  • Office
  • Partial Build-Out
  • Now

Completely remodeled lobby and common areas in 2015/2016.

  • 5th Fl-Ste 500
  • 4,186 SF
  • Office
  • -
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste 110-3 168 SF Office Full Build-Out Now
1st Fl-Ste 110-4 158 SF Office Partial Build-Out Now
1st Fl-Ste 110-5 176 SF Office Partial Build-Out Now
1st Fl-Ste 110-6 172 SF Office Partial Build-Out Now
1st Fl-Ste 110-7 206 SF Office Partial Build-Out Now
1st Fl-Ste 110-8 171 SF Office Partial Build-Out Now
1st Fl - 110-9 3,410 SF Flex Partial Build-Out Now
1st Fl - 120 606 SF Flex Partial Build-Out Now
1st Fl-Ste 130 380 SF Office Partial Build-Out Now
1st Fl - 155 455 SF Flex Partial Build-Out Now
1st Fl - 160-1 1,019 SF Flex Partial Build-Out Now
1st Fl - 160-2 1,686 SF Flex Partial Build-Out Now
1st Fl - 160-3 158 SF Flex Partial Build-Out Now
1st Fl - 170 3,602 SF Flex Partial Build-Out Now
2nd Fl-Ste 200 1,907 SF Office Partial Build-Out Now
2nd Fl-Ste 203 9,510 SF Office - Now
2nd Fl-Ste 220 1,811 SF Office Partial Build-Out Now
3rd Fl-Ste 303 2,807 SF Office Partial Build-Out Now
3rd Fl-Ste 305 1,274 SF Office - Now
3rd Fl-Ste 318 2,780 SF Office Partial Build-Out Now
4th Fl-Ste 401 1,720 SF Office Partial Build-Out Now
5th Fl-Ste 500 4,186 SF Office - Now

1st Fl-Ste 110-3

Size
168 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 110-4

Size
158 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 110-5

Size
176 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 110-6

Size
172 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 110-7

Size
206 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 110-8

Size
171 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl - 110-9

Size
3,410 SF
Space Use
Flex
Build-Out
Partial Build-Out
Available
Now

1st Fl - 120

Size
606 SF
Space Use
Flex
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 130

Size
380 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl - 155

Size
455 SF
Space Use
Flex
Build-Out
Partial Build-Out
Available
Now

1st Fl - 160-1

Size
1,019 SF
Space Use
Flex
Build-Out
Partial Build-Out
Available
Now

1st Fl - 160-2

Size
1,686 SF
Space Use
Flex
Build-Out
Partial Build-Out
Available
Now

1st Fl - 160-3

Size
158 SF
Space Use
Flex
Build-Out
Partial Build-Out
Available
Now

1st Fl - 170

Size
3,602 SF
Space Use
Flex
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 200

Size
1,907 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 203

Size
9,510 SF
Space Use
Office
Build-Out
-
Available
Now

2nd Fl-Ste 220

Size
1,811 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

3rd Fl-Ste 303

Size
2,807 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

3rd Fl-Ste 305

Size
1,274 SF
Space Use
Office
Build-Out
-
Available
Now

3rd Fl-Ste 318

Size
2,780 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

4th Fl-Ste 401

Size
1,720 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

5th Fl-Ste 500

Size
4,186 SF
Space Use
Office
Build-Out
-
Available
Now

1st Fl-Ste 110-3

Size 168 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl-Ste 110-4

Size 158 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016

1st Fl-Ste 110-5

Size 176 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016

1st Fl-Ste 110-6

Size 172 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016

1st Fl-Ste 110-7

Size 206 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl-Ste 110-8

Size 171 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl - 110-9

Size 3,410 SF
Space Use Flex
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl - 120

Size 606 SF
Space Use Flex
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl-Ste 130

Size 380 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl - 155

Size 455 SF
Space Use Flex
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl - 160-1

Size 1,019 SF
Space Use Flex
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl - 160-2

Size 1,686 SF
Space Use Flex
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl - 160-3

Size 158 SF
Space Use Flex
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1st Fl - 170

Size 3,602 SF
Space Use Flex
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

2nd Fl-Ste 200

Size 1,907 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

2nd Fl-Ste 220

Size 1,811 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
500 3rd St, Wausau, WI for sale Floor Plan- Image 1 of 1
Floor Plan

3rd Fl-Ste 303

500 3rd St, Wausau, WI for sale Floor Plan- Image 1 of 1
Floor Plan
Size 2,807 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

City Square Office Center offers 8 stories of office in the heart of downtown Wausau. Parking is available via an adjacent parking structure connected to the building with a sky walk. The property is located on historic 3rd Street in the City of Wausau, Wisconsin and spans one full city block. The property has excellent views of Rib Mountain and the Arts Block.

3rd Fl-Ste 318

Size 2,780 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

City Square Office Center offers 8 stories of office in the heart of downtown Wausau. Parking is available via an adjacent parking structure connected to the building with a sky walk. The property is located on historic 3rd Street in the City of Wausau, Wisconsin and spans one full city block. The property has excellent views of Rib Mountain and the Arts Block.

4th Fl-Ste 401

Size 1,720 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Completely remodeled lobby and common areas in 2015/2016.

Links

1 1
500 3rd St, Wausau, WI - Aerial map view
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Source: Local Logic®

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2020 Population
12,248
40,651
63,076
2025 Population
12,541
40,662
63,197
Population Growth '20-'25
2.4%
0.0%
0.2%
2020 Households
5,343
17,476
27,013
2025 Households
5,466
17,461
27,058
Household Growth '20-'25
2.3%
-0.1%
0.2%
Average Age
38
41
41
Median Household Income
$51,099
$62,779
$65,499
Daytime Employees
9,408
32,345
45,530
Total Businesses
1,023
3,211
4,320
College Degree + Higher
22%
28%
28%

Property Taxes

Parcel Number 291-2907-253-0267 Improvements Assessment $7,079,700
Land Assessment $1,265,100 Total Assessment $8,344,800

Property Taxes

Parcel Number
291-2907-253-0267
Land Assessment
$1,265,100
Improvements Assessment
$7,079,700
Total Assessment
$8,344,800
(715) 203-4894

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41269606

  • Date on Market: 7/13/2026

  • Last Updated:

  • Address: 500 3rd St, Wausau, WI 54403

1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
500 3rd St, Wausau, WI for sale Building Photo- Image 1 of 12
Front of Building
500 3rd St, Wausau, WI for sale Building Photo- Image 2 of 12
Side View
500 3rd St, Wausau, WI for sale Building Photo- Image 3 of 12
Building Photo
500 3rd St, Wausau, WI for sale Interior Photo- Image 4 of 12
cafe
500 3rd St, Wausau, WI for sale Interior Photo- Image 5 of 12
conference-room
500 3rd St, Wausau, WI for sale Interior Photo- Image 6 of 12
fitness-center
500 3rd St, Wausau, WI for sale Interior Photo- Image 7 of 12
Lobby
500 3rd St, Wausau, WI for sale Interior Photo- Image 8 of 12
Interior Photo
500 3rd St, Wausau, WI for sale Interior Photo- Image 9 of 12
Mezzanine Lobby
500 3rd St, Wausau, WI for sale Aerial- Image 10 of 12
Aerial
500 3rd St, Wausau, WI for sale Building Photo- Image 11 of 12
Building Photo
1 of 1
City Square Office Center | 500 3rd St
(715) 203-4894 x

City Square Office Center | 500 3rd St

Brian Wolff
(715) 203-4894

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