622 3rd St
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622 3rd St
3,231 SF 100% Leased Retail Building Wausau, WI 54403 $702,200 CAD ($217 CAD/SF)
Investment Highlights
- Heavy Foot Traffic
- Major Developments nearby
- Many Updates
- Downtown Near City Center
- 2 Residential Apartments
- Many Potential Uses
Executive Summary
Available for purchase is 622 N 3rd St in the heart of downtown Wausau. Formerly VOSStudios, this beautiful building is ready for a new chapter and owner. The building is currently set up as a photo studio but would transition well into a chic downtown office, retail space, or almost any other creative venture you have in mind! Perfect for anyone looking for a high visibility space within walking distance of the 400 block and all the downtown businesses. There are 2 apartments upstairs that generate a passive income as an added bonus. The building has many updates throughout the current owners' stewardship including new brick and support on the front of the building, electrical, updates in both residential units, Hvac, plumbing and more. This is a great opportunity to secure an amazing location for your next location or for any investor looking for long term equity! Schedule your showing today.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,231 SF
Building Class
C
Year Built
1867
Price
$702,200 CAD
Price Per SF
$217 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.06
Land Acres
0.07 AC
Opportunity Zone
Yes
Zoning
Tenant To Verify - Tenant to verify with City of Wausau
Frontage
24 ft on 3rd
Amenities
- Signage
- Air Conditioning
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
Parcel Number | 291-2907-253-0247 | Improvements Assessment | $362,915 CAD |
Land Assessment | $94,300 CAD | Total Assessment | $457,215 CAD |
PROPERTY TAXES
Parcel Number
291-2907-253-0247
Land Assessment
$94,300 CAD
Improvements Assessment
$362,915 CAD
Total Assessment
$457,215 CAD
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622 3rd St
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