Marcus & Millichap arranges $3.1M sale of fully occupied retail property

WISCONSIN RAPIDS – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rapids Plaza — a seven-tenant fully occupied retail center located in Wisconsin Rapids — for $3.1 million.

“This center drew substantial investor interest thanks to its high historical occupancy, new roof and positioning in front of a well-ranked Walmart,” said Jeff Rowlett, senior managing director investments.

Rowlett and John Sfire, investment specialists in Marcus & Millichap’s Milwaukee and Minneapolis offices, had the exclusive listing to market the property on behalf of the seller Rapids Plaza, LLC. Rowlett procured the buyer, Above Grade Properties, LLC.

Rapids Plaza is located at 4551 8th St. S in Wisconsin Rapids’ primary retail corridor. The fully occupied retail center sits on a high-traffic corner and is shadow-anchored by Walmart. Built in 2003, the 16,620-square-foot property includes tenants such as Papa Murphy’s, AT&T, Jackson Hewitt and Shopko Optical.

 

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. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.