$1 Auction - REIT Sale/Fmr Speedway Menomonie 1903 Stout Rd Local commercial 247 m² À vendre Menomonie, WI 54751 116 570 € (471,89 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 1903 Stout Road in Menomonie, Dunn County, Wisconsin (the “Property”). Previously occupied by Speedway, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users or investors to acquire a well-located commercial asset with meaningful value enhancement potential. FIRST BID MEETS RESERVE!
Built in 1983, the one-story, free-standing vacant convenience store includes ±2,659 square feet of retail space and features a pylon sign. The Property is strategically positioned on a parcel totaling ±0.562 acres of land with 9 surface parking spaces and can be accessed via several points of ingress/egress. Zoned B-2, Local Commercial District, the Property allows for a variety of commercial uses, providing flexibility for redevelopment or alternative tenant types. This former convenience store provides an outstanding opportunity for investors to capitalize on strong market fundamentals, with potential for value-add through long-term lease-up at market rates (CoStar estimates retail rents at ±$13-$16/SF NNN). Previous Tenant has claimed they started the process to remove the underground storage tanks, however, recent inspection shows removal has not commenced. Previous tenant is not obligated to remove the tanks or provide closeout documentation once their lease expires at the end of November 2025. Winning bidder will have to make a worst-case assumption and close per auction terms, whether or not the tenant removes the tanks as they stated, or the tanks remain.
Menomonie, Wisconsin is a small but vibrant city in Dunn County, anchored by the University of Wisconsin–Stout, which drives demand for housing, retail, and services. Strategically situated along U.S. Highway 10, I-94 and U.S. Route 12 offers excellent connectivity for logistics, light industrial, and highway commercial developments. The Property is prominently situated along Stout Road (US Highway 12) with ±15,416 vehicles per day at the corner of 19th Street, a central corridor in Menomonie offering strong visibility and accessibility for retail or service-oriented users. Nearby traffic drivers include Culver’s, Mayo Clinic, Lake Menomin, Red Cedar Speedway, County Fairgrounds, Kwik Trip, and Menomonie Airport. Located approximately 1-mile from the Property is The University of Wisconsin-Stout which enrolls more than 6,900 students further driving traffic to the Property. Within a 5-mile trade area, the population totals approximately ±24,715 residents, with an average household income of ±$74,186. The population has experienced 6.05% growth from 2020-2024 with 3.03% growth expected to continue through 2029. Menomonie’s strategic location along US-12, its proximity to retail and educational demand drivers, and its accessible site layout make this Property a strong candidate for repositioning or re-tenanting to serve regional retail or convenience store needs.