For Sale
$1,399,500

130 1St StWausau, WI 54403

Prime location, high traffic, newly renovated.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property, located at 130 N 1st St in Wausau, Wisconsin, presents a unique investment opportunity. Boasting 20,266 square feet on a 0.97-acre lot (APN 291-2907-351-0171), this Class B building, originally constructed in 1973 and extensively renovated in 2020, offers a blend of retail and office space currently configured as a bar, executive office, and restaurant. The building features a grand hall and lounge, capable of hosting up to 299 people, a full bar with a coffee shop, a commercial kitchen, and a brew house. Three separate entrances on River Drive provide convenient access to the main floor. The upper floor offers versatile space, currently partially occupied (40% occupancy). Most existing tenants are interested in remaining. A third-floor mezzanine provides valuable storage and utility space. The property benefits from its central downtown Wausau location, high traffic counts, and stunning views of Rib Mountain. The permitted zoning is Downtown Periphery Mixed Use, allowing for diverse operational possibilities. The asking price is $1,399,500, with a NNN lease type and multi-tenancy structure. This property is ideal for investors seeking a strong return in a vibrant Wisconsin market.

Highlights

  • Exceptional mixed-use property totaling 20,266 square feet on a 0.97-acre lot in downtown Wausau, WI.
  • Class B building, renovated in 2020, featuring retail and office space currently occupied by a bar, executive office, and restaurant.
  • Features a large event hall (299-person capacity), full bar with coffee shop, commercial kitchen, and brew house.
  • Three street-level entrances and a third-floor mezzanine for storage.
  • 40% occupied, with existing tenants interested in renewal; Downtown Periphery Mixed Use zoning.
  • Asking price: $1,399,500; NNN lease; multi-tenant structure.

Property Details for 130 1St St

Property type
Retail properties, Restaurants
Square Feet
20,266 SF
Class
B
Year Built/Renovated
1973/2020
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Wausau
County
Marathon
State
Wisconsin
Latitude
44.958885530003
Longitude
-89.630765818285
130 1St St, Wausau, Wisconsin

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130 1St St
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