861 Grand AveSchofield, WI 54476

Property Details for 861 Grand Ave

Lot size

1.40 AC

Property type

Commercial real estate

APN

281-2807-124-9969

APU

28128071249969

Description

This exceptional 5,400 square foot commercial property, located at 861 Grand Avenue in Schofield, Wisconsin, presents a unique investment opportunity. The single-story building, constructed in 1970, sits on a 1.4-acre lot and includes 26 parking spaces, ensuring ample convenience for patrons. Currently operating as an established nightclub, the property boasts a well-known brand name and a rich history in the local entertainment scene. The spacious interior provides ample room for various entertainment options, including a dedicated stage for performances. The property is zoned for commercial use and features a single unit. The property's prime location in Schofield, Wisconsin (zip code 54476), offers excellent visibility and accessibility. The APN is 281-2807-124-9969. This turnkey operation is priced at $1,100,000 and offers significant potential for growth and continued success in the thriving nightlife market. The property's diverse entertainment history and established reputation provide a solid foundation for a new owner to build upon. This is a rare chance to acquire a piece of Schofield's entertainment legacy.

• CAP approach

  CAP return

  Valuation

  6%

  $12,470,600

  6.5%

  $11,511,300

  7%

  $10,689,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,186,820

  Geo Method

  $7,937,440

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $23,387,000

  Retail / Commercial

  $11,851,000

  Mixed-Use / Specialty

  $11,697,100

  Hospitality / Lodging

  $8,436,390

  Office

  $11,511,300

  Institutional / Educational

  $12,120,400

  Residential Income

  $14,180,800

  Multifamily

  $17,626,800

  Automotive / Energy

  $10,388,900

  Parking / Income-Based Land

  $3,695,400

  Restaurant / Food Service

  $5,845,420

  Healthcare / Senior Housing

  $12,109,700

Location Insight

City

Schofield

County

Marathon

State

Wisconsin

Latitude

44.9201

Longitude

-89.6119

CBSA code

48140

CBSA name

WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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