For Sale
$599,900

401-405 Central AveMarshfield, WI 54449

8-Unit Multi-Tenant Warehouse, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a rare chance to acquire a multi-tenant property in Marshfield, Wisconsin's vibrant downtown. The property, located at 401-405 S Central Avenue, comprises two buildings totaling 8,807 net rentable square feet on a 0.15-acre lot (APN 3301103 & 3301101). Constructed in 1910, this two-story structure boasts eight units: three potential commercial spaces on the ground floor (currently configured as two), featuring large display windows ideal for retail businesses, and a rear area previously used as plumbing retail and warehouse space, perfect for businesses needing inventory storage. Upstairs, six residential apartments provide consistent rental income with potential for growth. The property benefits from a dedicated parking lot and enjoys high visibility and foot traffic due to its prime downtown location, near restaurants, shops, a movie theatre, a gas station, and Wenzel Plaza. The permitted zoning is commercial. Financial details, including current rental income and operating expenses, are available upon request. This is a unique blend of commercial and residential spaces, offering a versatile and lucrative investment opportunity. The asking price is $599,900.

Highlights

  • $599,900 asking price.
  • Multi-tenant industrial warehouse property.
  • 8,807 square feet of net rentable space across two buildings.
  • Eight units total: three potential commercial spaces and six residential apartments.
  • Located in downtown Marshfield, WI, at 401-405 S Central Avenue, on a 0.15-acre lot.

Property Details for 401-405 Central Ave

Property type
Warehouses, Industrial properties
Square Feet
5,001 SF
Year Built
1910
Buildings
2
Stories
2
Lot Size (sq. ft)
6,534 SF
Units
8

Location Insight

City
Marshfield
County
Marshfield
State
Wisconsin
Latitude
44.6638557
Longitude
-90.175344
401-405 Central Ave, Marshfield, Wisconsin

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401-405 Central Ave
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