Property Description
This offering presents an exceptional multi-tenant investment opportunity 9%+ in the heart of Eau Claire, Wisconsin. Comprising approximately 8,267 square feet of commercial space on a 0.62-acre parcel, this property features three separate buildings currently fully leased to a diversified mix of office users and small business tenants, delivering 100% occupancy and stable in-place income. With a current cap rate of 8.55% and annual net operating income of approximately $82,000, the asset generates strong immediate cash flow with additional pro-forma upside to a 9.38% cap rate through potential rent growth or expense optimization. Constructed in 1937 and recently renovated in 2023, the property maintains a solid physical condition while retaining flexibility for future use or repositioning. The buildings benefit from excellent visibility and accessibility along Starr Avenue, a well-trafficked commercial corridor near established employers, retail destinations, and service amenities, providing a strategic location for both tenants and investors alike. Each of the three buildings contributes to a diversified income stream, reducing risk and enhancing the long-term investment profile. Current leases run through December 31, 2027, offering predictable revenue with minimal immediate rollover. The gross lease structure further simplifies ownership oversight. Situated in a mature mixed-use area of Eau Claire, the property is supported by the city’s diverse economy, anchored by major employers, educational institutions, regional healthcare facilities, and a growing population. Eau Claire continues to demonstrate robust commercial real estate fundamentals, making this offering highly attractive to local, regional, and out-of-market investors. This is a unique opportunity to acquire a well-positioned, income-producing asset with established cash flow, strong market fundamentals, and potential for future upside.
Interior Features
- Above Grade Finished Area: 8,267 SqFt
- Building Area Total: 8,267 SqFt
- Cooling: Central Air
- Heating: Forced Air
- Living Area: 8,267 SqFt
Exterior Features
- Construction: Metal Siding
- Lot Size: 0.19 Acres
Property Details
- 2025 Taxes: $8,247
- County: Eau Claire
- Possession: Subject To Tenant Rights
- Possible Use: Office, Retail, Warehouse
- Property Subtype: Commercial
- School District: Eau Claire Area
- Status: Active
- Township: City of Eau Claire
- Year Built: 1937
- Listing Office: Team Trillium
- Last Update: March 16th @ 12:26 PM
