3004 Hamilton AveEau Claire, WI 54701

Property Details for 3004 Hamilton Ave

Year built

1973

Lot size

2.81 AC

Property size (Sq ft)

30,820 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

15-2366- -000

APU

152366000

Description

This exceptional retail property, located at 3004 E Hamilton Ave in Eau Claire, Wisconsin, presents a unique investment opportunity. The 30,500 square foot building sits on a 2.8-acre lot and boasts a highly desirable location at the intersection of major thoroughfares: Highway 53, Business 53 (Hastings Way), Highway 93, and Highway 12 (Clairemont Ave). Currently vacant, this single-tenant space offers significant potential for a variety of retail uses. The building, constructed in 1973, provides ample space for a large-scale operation. The property's strategic location ensures high visibility and accessibility, benefiting from substantial traffic flow. The asking rent is $6.25 per square foot, on a NNN basis. While the previous tenant, Big Lots, occupied the space since 1994, their departure creates an exciting chance for a new business to establish itself in this thriving area. The anticipated availability date is tentatively scheduled for the first quarter of 2025. This property is ideal for a business seeking a prominent location with excellent visibility and access to a large customer base in Eau Claire, WI. The zip code is 54701. This is a rare opportunity to acquire a substantial retail space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,329,632

  6.5%

  $7,688,892

  7%

  $7,139,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,964,093

  Geo Method

  $3,964,093

• Alternative Use

  Use

  Valuation

  Residential

  $6,485,868

  Hospitality

  $5,941,020

  Educational

  $4,942,859

  Medical

  $5,112,852

  Retail

  $7,688,892

Location Insight

City

Eau Claire

County

Eau Claire

State

Wisconsin

Latitude

44.7863

Longitude

-91.4582

CBSA code

20740

CBSA name

EAU CLAIRE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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