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7502 Highway 51 4,288 SF Retail Building Minocqua, WI 54548 $438,000 ($102.15/SF)
Investment Highlights
- Prime Hwy 51 frontage just south of Minocqua.
- Three individual building sections.
- High traffic location.
Executive Summary
Iconic building in Minocqua on US Hwy 51 is now available. Originally constructed in 1983 as The Christmas Chalet, a beloved business staple in Minocqua for 43 years. The Owners have now retired. The property encompasses two tax parcels, providing 200' of Hwy 51 frontage. This corridor sees a daily average of 9,400 vehicles. The highly visible 4,200+ sq ft building features a grand entry with a wood burning fieldstone fireplace (potential gas hook up) and reception area. The entry leads to the two wings of the building with approximately 2,000 sq ft in each. The three sections of the building are individually metered, providing the opportunity for operating multiple businesses or offices. There is an overhead delivery door in the back of the building, ample gravel parking area, and sidewalks - making this an ideal location for bringing a myriad of ideas to life.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,288 SF
Building Class
C
Year Built
1983
Price
$438,000
Price Per SF
$102.15
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.12
Lot Size
0.80 AC
Zoning
Business B2 - buyer to verify
Amenities
- Freeway Visibility
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | MI 4275 | Total Assessment | $42,300 |
| Land Assessment | $42,300 | Annual Taxes | ($3,900) (($0.91)/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
MI 4275
Land Assessment
$42,300
Improvements Assessment
$0
Total Assessment
$42,300
Annual Taxes
($3,900) (($0.91)/SF)
Tax Year
2025
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7502 Highway 51
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