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33272492
33272491

2755 Plaza Drive, Wausau, WI 54401

GA
WI 111994 - 94
Colliers - Milwaukee, Wisconsin
Colliers - Milwaukee, Wisconsin
JE
WI 48337-90
Colliers - Milwaukee, Wisconsin
Colliers - Milwaukee, Wisconsin
Listed by Colliers - Milwaukee, Wisconsin
$850,000
2 days on market
Updated 2 days ago

2755 Plaza Drive

Details
APN 291-2907-273-0997
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 8,098
Tenancy Vacant
Pro-Forma NOI $121,000
Price per SqFt $105
Year Built 1973
Stories 1
Acreage 2.528
Zoning SMU - Suburban Mixed Use
Parking Spaces 50 spaces
Parking Per SqFt 6.17
Investment Type Value Add

Office | 8,098 SqFt

Marketing description

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.

Investment highlights

Strategic Commercial Corridor Location – High visibility along Plaza Drive with proximity to retail, medical, and 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, and service-oriented uses Attractive Basis / Below Replacement Cost – Pricing reflects vacancy and capital needs, providing downside protection and long-term upside Owner-Occupant Potential – Ideal for medical practices, banking/financial institutions, or professional users seeking long-term control Stabilization Upside – Projected NOI of ~$121K supports stabilized valuation in the $1.35M–$1.43M range before lease-up costs

Listing Contacts

GA
WI 111994 - 94
Colliers - Milwaukee, Wisconsin
Colliers - Milwaukee, Wisconsin
JE
WI 48337-90
Colliers - Milwaukee, Wisconsin
Colliers - Milwaukee, Wisconsin
Listed by Colliers - Milwaukee, Wisconsin

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Additional Information

Name
Gregory Anderson
License
111994 - 94
Brokerage Phone
5202756440
Title
Investment Sales Advisor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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