For Sale
$775,000

41 Park Ridge Dr Stevens Point, WI 54481

Value-add office building, owner-occupancy potential.

Overview

Added:
Dec 11, 2024
Days on market:
128
This two-story, 11,000-square-foot brick office building in Stevens Point, Wisconsin, presents a compelling value-add investment opportunity. Located on Highway 10, it benefits from a high-traffic corridor. The lower level is currently leased on a long-term basis, providing a steady income stream with landlord termination rights. Approximately 6,000 square feet of space is available for lease, creating significant potential for owner-occupancy. The existing tenant helps offset expenses, making this a financially attractive proposition. The asking price is $775,000, translating to $70.45 per square foot. The building currently has a 45% occupancy rate. This property is offered as an owner-occupied opportunity and is classified as a traditional office and medical office building. The address is 41 Park Ridge Dr, Stevens Point, WI 54481.

Highlights

  • $775,000 asking price for this value-add office building.
  • 11,000 square feet, offering a mix of traditional and medical office space.
  • Located at 41 Park Ridge Dr, Stevens Point, WI 54481, on a high-traffic corridor.
  • Currently 45% occupied, with 6,000 square feet available for lease.
  • Owner-occupancy opportunity; existing long-term lease on the lower level helps offset expenses, with landlord termination rights.

Property Details for 41 Park Ridge Dr

Property type
Office properties, Medical offices
Square Feet
11,000 SF
Stories
2

Location Insight

City
Stevens Point
County
Portage
State
Wisconsin
Latitude
44.52322839162
Longitude
-89.545522041923
41 Park Ridge Dr, Stevens Point, Wisconsin

FAQs

What type of property is this?
Office property - Value-add office building, owner-occupancy potential.
Where is the office property located?
The property is located at 41 Park Ridge Dr Stevens Point, WI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: $775,000 asking price for this value-add office building.; 11,000 square feet, offering a mix of traditional and medical office space.; Located at 41 Park Ridge Dr, Stevens Point, WI 54481, on a high-traffic corridor.
How can I contact the broker?
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41 Park Ridge Dr
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