Press Releases
Marcus & Millichap Arranges $2.87M Sale of Wisconsin Rapids Retail Center
April 22, 2025
WISCONSIN RAPIDS, Wis., April 22, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a two-building, six-suite retail center in Wisconsin Rapids, Wisconsin for $2,875,000.
“This center drew substantial investor interest thanks to its 100% occupancy and location in front of a well-ranked Walmart,” said Jeff Rowlett, senior managing director investments.
Rowlett, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Elm Holdings 1 LLC. Jesse Schluter, founder of Wisconsin Commercial Real Estate, procured the buyer, a Wisconsin-based private investor.
The property, located on 1.6 acres at 4321–4323 8th St. S, is shadow anchored by a high-performing Walmart Supercenter. Built in 2007, the two-building center includes six suites anchored by Maurices and Mattress Firm.
“This center drew substantial investor interest thanks to its 100% occupancy and location in front of a well-ranked Walmart,” said Jeff Rowlett, senior managing director investments.
Rowlett, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Elm Holdings 1 LLC. Jesse Schluter, founder of Wisconsin Commercial Real Estate, procured the buyer, a Wisconsin-based private investor.
The property, located on 1.6 acres at 4321–4323 8th St. S, is shadow anchored by a high-performing Walmart Supercenter. Built in 2007, the two-building center includes six suites anchored by Maurices and Mattress Firm.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
