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Virtual Drive-By

BMO Bank Multi-tenant

500 N. Third Street · Wausau, WI 54403 · Medical Office

Asking price
$9,580,000
Cap rate
10.16%
NOI
$958,878

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease type—
Term remaining—
Expiration—
Rent bumps—
OptionsSee Offering Memorandum
Ground lease—
Credit profile—
TenancyMulti

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF143,435
Price / SF$67
Year built1976
Lot size1.38 ac
TypeTraditional Office, Executive Office, Medical Office
Days on market26

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Highly Visible Location
  • ​Iconic Building in CBD
  • ​Conference Center/Board Room for tenants use
  • ​Class-A Corporate Office
  • ​EST NOI $958,878
  • ​Fitness Center

Property overview

CBRE is pleased to present the opportunity to purchase an iconic office building located in the heart of downtown Wausau.​ The offering provides mix of traditional and creative office space.​ An investor will have the opportunity to further increase occupancy and drive rents, while maintaining a loyal base of existing credit-rated tenants.​

CitySquare is an impressive eight-story office building with expansive window lines and panoramic city views.​ Prominently located in Wausau's central business district, its timeless appeal and location make it a popular destination for national companies, law firms and other professional groups who want a prominent address.​

Additionally, the amenities and institutional quality of the building attract and retain long-term tenants, ensuring a steady cash flow and value appreciation.​

Located in the heart of Wausau, CitySquare offers a unique blend of work, play, and community.​ Its prime location puts you within walking distance to Concerts on the Square, Several Dining and Drink Choices, Boutique and Local Retailers, and Hotel Accommodations.​ At CitySquare, you'll enjoy spacious office suites with natural light and modern amenities, easy access to parking and public transportation, and a dynamic community of entrepreneurs, innovators, and professionals.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.