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20630629
20630631

1818 Grand Ave, Wausau, WI 54403 For Sale

TW
WI 56224-90
Transworld Commercial Real Estate
Listed by Transworld Commercial Real Estate
$674,900
618 days on market
Updated 133 days ago

1818 Grand Ave

Details
APN 291-2807-011-0047
Property Type Office
Sub Type Traditional Office
Square Footage 6,760
Net Rentable (SqFt) 6,760
Units 1
Cap Rate 12.02%
NOI $81,120
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 07/31/2027
Broker Co-Op Yes
Class B
Year Built 1974
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.350
Investment Type Stabilized
Sale Condition For sale by owner

Office | 12.02% CAP | 6,760 SqFt

Marketing description

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.

Listing Contacts

TW
WI 56224-90
Transworld Commercial Real Estate
Listed by Transworld Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$81,120.00
$6,760.00/mo

Valuation Metrics

0
DSCR
12.02%
Cap Rate
12.02%
ROI

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