622 3Rd StWausau, WI 54403

Property Details for 622 3Rd St

Lot size

0.07 AC

Zone code

B41

Property type

Other commercial real estate

APN

291-2907-253-0247

APU

29129072530247

Description

This exceptional 3,231 square foot storefront, located at 622 N 3rd Street in the heart of downtown Wausau, Wisconsin, is available for $499,900. This Class B property, built in 1867, sits on a 0.07-acre lot (APN 291-2907-253-0247) and offers a unique blend of historical charm and modern updates. Currently configured as a photo studio, the main level space is highly adaptable and suitable for a variety of retail or office uses. Its prime location provides excellent visibility and walkability to the bustling 400 block and other downtown businesses. Adding to its investment appeal, the property includes two upper-level apartments, currently rented, generating passive income. Recent improvements include new brick and support on the building's facade, electrical upgrades, HVAC system updates, plumbing improvements, and renovations to both residential units. The building's occupancy rate is currently 66%. The zoning is to be verified by the buyer. This presents a compelling opportunity for owner-users or investors seeking a strong, long-term investment in a vibrant downtown location. The property consists of one building with two stories and three total units. The price per square foot is $154.72.

• Alternative Use

  Use

  Valuation

  Residential

  $666,110

  Hospitality

  $610,153

  Educational

  $507,640

  Medical

  $525,099

  Retail

  $789,663

Location Insight

City

Wausau

County

Marathon

State

Wisconsin

Latitude

44.962

Longitude

-89.628

CBSA code

48140

CBSA name

WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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