222 Central AveMarshfield, WI 54449

Property Details for 222 Central Ave

Lot size

0.21 AC

Property type

Commercial real estate

APN

3300147

APU

3300147

Description

This exceptional Marshfield commercial property, located at 222 S Central Avenue, offers 20,000 square feet of warehouse and retail space, ideal for multiple tenants. The building, constructed in 1887, features a minimum divisible space of 2,587 square feet and a maximum contiguous space of 14,370 square feet. Currently, 19,803 square feet are vacant, presenting a significant opportunity for businesses seeking expansion or relocation. The property boasts 200 AMP power and is zoned for commercial use. Its APN is 3300147. Three spaces are currently available for lease, offering flexibility for various business needs. The property's central location provides easy access to local amenities, including coffee shops, restaurants, banks, a bakery, and Wenzel Plaza, enhancing employee convenience and morale. The building is classified as both retail and industrial, catering to a diverse range of potential tenants. This is a rare opportunity to secure a substantial and well-located commercial space in the heart of Marshfield.

• CAP approach

  CAP return

  Valuation

  6%

  $1,906,160

  6.5%

  $1,759,530

  7%

  $1,633,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $466,914

  Geo Method

  $466,914

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,474,660

  Retail / Commercial

  $1,779,720

  Mixed-Use / Specialty

  $1,771,750

  Hospitality / Lodging

  $1,297,760

  Office

  $1,759,530

  Institutional / Educational

  $1,841,330

  Residential Income

  $2,154,350

  Multifamily

  $2,592,830

  Automotive / Energy

  $1,578,280

  Parking / Income-Based Land

  $546,252

  Restaurant / Food Service

  $918,033

  Healthcare / Senior Housing

  $1,818,570

Location Insight

City

Marshfield

County

Wood

State

Wisconsin

Latitude

44.6656

Longitude

-90.175

CBSA code

49220

CBSA name

WISCONSIN RAPIDS-MARSHFIELD, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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