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208

New Richmond, WI 54017
Asking Price
$285K
Asset Type
Office
Class
Class B

What's Special

Located at 208 Knowles Avenue in the heart of downtown New Richmond, this office property occupies a central position within the city’s primary commercial corridor. The surrounding neighborhood is characterized by a mix of historic architecture, local retail shops, and professional services. Nearby amenities include several dining establishments, financial institutions, and the scenic Paperjack Creek trail system. The site offers convenient transportation access via State Highway 64 and Highway 65, providing direct links to the greater St. Croix County area and the Twin Cities metropolitan region. The building is suited for professional service firms, such as legal practices, accounting offices, or insurance agencies, seeking a central business district presence. Its layout and location also accommodate medical administrative services or small-scale creative agencies. Typical tenants include local businesses looking for high visibility and proximity to municipal offices and community hubs. The property serves as a functional workspace for organizations that benefit from a walkable downtown environment and frequent interaction with a localized client base.

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NOI
$80,000
Cap Rate
28.07%
DSCR
4.73
Strong
Cash-on-Cash
73.78%
Monthly Payment
$1,410.024
Annual Cash Flow
$63,079.706

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