3605 Stewart Ave - Medical FOR SALE


Wausau, WI 54401
$3,100,000 USD
414-278-6825
3605 Stewart Ave, Wausau, WI for Sale
$3,100,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

3605 Stewart Ave
Wausau, WI 54401


HIGHLIGHTS

  • Strategic Medical Corridor Location Situated along Stewart Avenue within Wausau’s primary medical and professional services corridor
  • Scale & Flexibility – ±30,800 SF two-story building supports multi-tenant or single user configuration
  • Strong Site Characteristics – 2.83-acre site with 150+ parking spaces, exceeding typical medical office parking ratios
  • Zoning & Use Flexibility – SO (Suburban Office) zoning allows medical, office, and professional service uses
  • Lease-Up Upside – Market rents estimated ~$15/SF NNN with projected NOI of ~$462,000 at stabilization
  • Modern Construction – Built in 2003/2004, offering more contemporary systems vs. older competitive inventory

OVERVIEW

3605 Stewart Avenue presents a compelling value-add medical office/institutional asset in Wausau’s primary healthcare and professional corridor. The ±30,800 SF, two-story flex building sits on 2.83 acres with strong visibility along Stewart Avenue and is positioned to benefit from sustained demand for outpatient medical, clinic, and professional office users. The offering is currently vacant, creating a clear lease-up opportunity for investors or owner-users to acquire at a basis well below replacement cost and execute a multi-tenant or single tenant strategy. With favorable SO zoning, ample parking, and a modern (2003/2004) construction profile relative to the market, the property offers flexibility and long-term usability.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.83 AC

LAND SF

123,275 SF

ZONING

SO

APN/PARCEL ID

291-2907-332-0969

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.