1025 Starr Avenue,Eau Claire, WI 54703
Eau Claire, WI 54703
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.
Details
| MLS # | 1598647 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1937 |
| Days On Site | 183 |
| Listing Provided By | Team Trillium | Jake Tanner |
Features
| SQ Feet | 8,267 |
|---|---|
| Acreage | 0.19 |
Taxes
| Tax Annual Amount | 8247.33 |
|---|
Area Information
| State | WI |
|---|---|
| County | Eau Claire |
| City | Eau Claire |
| Zip Code | 54703 |
| Listing VS Median (in 54703) | |
Price: $890,000 low | high Med: $319,900 sqft: 8,267 low | high Med: 1,853 $ / sqft: $108 low | high Med: $174 On site: 183 low | high Med: 78.5 | |
Market Activity 54703
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Learn More About This Property
| State | WI |
|---|---|
| County | Eau Claire |
| City | Eau Claire |
| Zip Code | 54703 |
| Listing VS Median (in 54703) | |
Price: $890,000 low | high Med: $319,900 sqft: 8,267 low | high Med: 1,853 $ / sqft: $108 low | high Med: $174 On site: 183 low | high Med: 78.5 | |
