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Listed by Jake Tanner • Team Trillium
$890,000
Est. payment /mo
8,267 SqFt
Price Dropped by $69K
1025 Starr AVE Eau Claire, WI 54703
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,267 sqft
Price per Sqft $107
MLS Listing ID 1598647
HOA Y/N No
Abv Grd Liv Area 8,267
Year Built 1937
Annual Tax Amount $8,247
Tax Year 2025
Lot Size 8,123 Sqft
Acres 0.1865
Property Sub-Type Commercial
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.
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.
Location
State WI
County Eau Claire
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Schools
School District Eau Claire Area
Others
Tax ID 101139A
Nearby Locations
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