$400,000 price drop to ensure a sale. The property consists of a multi-tenant strip center that measures 84,757 SF on approx 8 acres. Existing tenants include O’Reilly Auto Parts, Game Stop, Kids Having Fun Drop-in Playcare and Buffet City.
Even at just 26% occupied the property generates over $233,000 in rents per year. That means the upside is SUBSTANTIAL.
This value-add opportunity exists because of the unexpected passing of the building owner.
For just $12/SF this can now be your turn-around project…and you’ll be the one that enjoys the substantial upside from completing the property lease-up.
The building is in great condition. All that’s needed now is a hands-on investor to see the project through to completion.
Rent roll and Financial Snapshot available for serious buyers.
Strategically located in the Granville Station neighborhood which is home to the most concentrated base of industrial employment in Wisconsin. The property is surrounded by regional and national tenants such as Walmart, Walgreens, Target, McDonald’s, Aldi, Dollar General, Chase Bank, Olive Garden, Wendy’s, Family Dollar, Subway, Pizza Hut, Advance Auto Parts, and BMO Harris Bank among many more.
The property is located at the intersection of Hwy 100 (Brown Deer Road) & Hwy 181 and is minutes from Interstates 41 and 43 for quick access to downtown Milwaukee.
Excellent demographics with more than 152,000 people within a 5 mile radius of the property with an average household income of $59,111.
Milwaukee is a desirable Midwest market. The Milwaukee metro are has a population of over 1.6 million people and is only 92 miles from Chicago.
The property enjoys daily traffic counts that exceed 28,000 vehicles.
Substantial existing signage with great visibility.
- Price: $1,100,000
- Area: 8.77 acres
- Phone Number: 414-324-4938
- Space (s.f.): 84,757 SF