Press Releases
Marcus & Millichap Announces $15M Sale of 84-Unit Multifamily Property in Schofield, Wisconsin
July 28, 2026
SCHOFIELD, Wis., July 28, 2026 – 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 Schofield Mill Apartments, an 84-unit multifamily property in Schofield, Wisconsin. The property sold for $15 million, or $178,571 per unit.
“The combination of a well-located asset and a clear path for future growth made this an attractive opportunity for investors,” said Dan Bowar, director investments. “With continued stabilization underway and Phase II construction planned adjacent to the property, Schofield Mill Apartments is well positioned for long-term success.”
Bowar, investment specialist in Marcus & Millichap’s Milwaukee office, marketed the property on behalf of the seller, Schofield Mill Apartments, LLC, and procured the buyer, a Wisconsin-based investor.
Schofield Mill Apartments is situated on 1.54 acres along the Eau Claire River at 220 Drott St. Built in 2022, the property features a mix of one-, two- and three-bedroom floor plans across approximately 100,000 rentable square feet.
“The combination of a well-located asset and a clear path for future growth made this an attractive opportunity for investors,” said Dan Bowar, director investments. “With continued stabilization underway and Phase II construction planned adjacent to the property, Schofield Mill Apartments is well positioned for long-term success.”
Bowar, investment specialist in Marcus & Millichap’s Milwaukee office, marketed the property on behalf of the seller, Schofield Mill Apartments, LLC, and procured the buyer, a Wisconsin-based investor.
Schofield Mill Apartments is situated on 1.54 acres along the Eau Claire River at 220 Drott St. Built in 2022, the property features a mix of one-, two- and three-bedroom floor plans across approximately 100,000 rentable square feet.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
