1818 Grand Ave - Office FOR SALE


Wausau, WI 54403
$674,900 USD
715-302-0552
1818 Grand Ave, Wausau, WI for Sale
$674,900 USD
Office - FOR SALE
1/56
null | 12.02% Cap Rate

1818 Grand Ave
Wausau, WI 54403


HIGHLIGHTS

  • Heavy Traffic Area
  • Corner Lot

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$674,900 USD

PRICE/SF

$100 USD /SF

CAP RATE

12.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,290 SF

ZONING

B3

APN/PARCEL ID

291-2807-011-0047

ASK ABOUT THIS PROPERTY

Tim WimmerTransworld Real EstateMore Info
715-302-0552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tim WimmerTransworld Real EstateMore Info
715-302-0552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.