130 1St StWausau, WI 54403

Property Details for 130 1St St

Year built

1973

Lot size

0.97 AC

Property size (Sq ft)

20,266 SF

Property type

Office properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Wausau

County

Marathon

State

Wisconsin

Latitude

44.9589

Longitude

-89.6308

FAQs

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