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34016256
34016255

500 N. Third Street, Wausau, WI 54403

BW
WI WI 45380-90
CBRE - Madison
PW
WI 72284-94
CBRE - Milwaukee
Listed by CBRE - Madison, CBRE - Milwaukee
$9,580,000
1 day on market
Updated 1 day ago
Opportunity zone

CitySquare

Details
APN 291-2907-253-0267
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 143,435
Net Rentable (SqFt) 143,435
Cap Rate 10.16%
NOI $958,878
Occupancy 78%
Tenancy Multi
Brand/Tenant BMO Bank, Liberty Insurance
Lease Options See Offering Memorandum
Price per SqFt $67
Class A
Year Built 1976
Year Renovated 2016
Stories 8
Acreage 1.380

8-Story Office Building | 10.16% CAP | 143,435 SqFt

Marketing description

CBRE is pleased to present the opportunity to purchase an iconic office building located in the heart of downtown Wausau. The offering provides mix of traditional and creative office space. An investor will have the opportunity to further increase occupancy and drive rents, while maintaining a loyal base of existing credit-rated tenants.

CitySquare is an impressive eight-story office building with expansive window lines and panoramic city views. Prominently located in Wausau's central business district, its timeless appeal and location make it a popular destination for national companies, law firms and other professional groups who want a prominent address.

Additionally, the amenities and institutional quality of the building attract and retain long-term tenants, ensuring a steady cash flow and value appreciation.

Located in the heart of Wausau, CitySquare offers a unique blend of work, play, and community. Its prime location puts you within walking distance to Concerts on the Square, Several Dining and Drink Choices, Boutique and Local Retailers, and Hotel Accommodations. At CitySquare, you'll enjoy spacious office suites with natural light and modern amenities, easy access to parking and public transportation, and a dynamic community of entrepreneurs, innovators, and professionals.

Investment highlights

  • Highly Visible Location
  • Iconic Building in CBD
  • Conference Center/Board Room for tenants use
  • Class-A Corporate Office
  • EST NOI $958,878
  • Fitness Center

Listing Contacts

BW
WI WI 45380-90
CBRE - Madison
PW
WI 72284-94
CBRE - Milwaukee
Listed by CBRE - Madison, CBRE - Milwaukee

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$958,878.00
$79,906.50/mo

Valuation Metrics

0
DSCR
10.01%
Cap Rate
10.01%
ROI

Map

Zoning

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DRMU MixedMixed UseDowntown High Rise Mixed Use
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Last updated Jan 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Brian Wolff
License
WI 45380-90
Brokerage
CBRE
Brokerage Phone
6085139653
Title
Vice President
Brokerage Address
10 East Doty Street
Name
Paula Wink
License
72284-94
Brokerage
CBRE Inc
Title
Client Services
Brokerage Address
790 North Water Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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