2755 Plaza Dr - Bank FOR SALE


Wausau, WI 54401
$850,000 USD
414-278-6825
2755 Plaza Dr, Wausau, WI for Sale
$850,000 USD
Bank - FOR SALE
1/8
null | Request Cap Rate

2755 Plaza Dr
Wausau, WI 54401


HIGHLIGHTS

  • Strategic Commercial Corridor Location – High visibility along Plaza Drive with proximity to retail, medical, & service users supporting tenant demand
  • Large, Well-Parked Site – ±2.53 AC site with 50+ parking stalls providing above market parking ratios
  • Functional Building Size – ±8,098 SF single-story building (plus basement) suited for medical, office, or service users
  • Flexible Zoning (SMU) – Allows for a wide range of commercial, medical, & service-oriented uses
  • Attractive Basis / Below Replacement Cost – Pricing reflects vacancy & capital needs, providing downside protection & long-term upside
  • Stabilization Upside – Projected NOI of ~$121K supports stabilized valuation in the $1.35M–$1.43M range before lease-up costs

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.53 AC

LAND SF

110,414 SF

ZONING

SMU

APN/PARCEL ID

291-2907-273-0997

ASK ABOUT THIS PROPERTY

Joe Eldredge, CCIMColliersMore Info
414-278-6825

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Joe Eldredge, CCIMColliersMore Info
414-278-6825

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