Sold Properties
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Redevelopment Site in Oak Creek, WI
***PROPERTY SOLD*** This parcel provides an excellent redevelopment opportunity as it is located in the path of development. It has excellent exposure and is situated along a heavily traveled arterial with an average daily traffic count of 5,900 vehicles. The parcel is zoned RS-3 (Single Family Residential), but is completely surrounded by B-4 (Highway Business) land. It is currently improved with a ranch style dwelling which may be utilized as an interim source of income, while it is held as a speculative investment or while it is in the planning stages of redevelopment. The parcel is approximately 3/4-acre. It is surrounded by several existing commercial uses, as well as a proposed Froedtert neighborhood hospital and the Hub13 development (300-unit multi-family development). The parcel is situated only 235′ south of Rawson Avenue and less than 400′ from an I-94 interchange. Details Lease Rate = $6.00 to $8.00/SF/YR Available Space = 2,500 to 8,500 SF Lease Type = Full Service Lease Term = Negotiable
Retail/Office Lease- Mequon, WI
*** FULLY LEASED*** This unit offers 2,500 to 8,500 square feet of retail/office space. Rent ranges from $6.00 to $8.00/SF/YR. It includes a full service lease with no additional rent for CAM. Current buildout includes a reception area, 3 showrooms, 3 offices/storage rooms and several spacious restrooms. The property includes a monument sign along Port Washington Road to advertise your business. Port Washington Road includes an average daily traffic count of 12,800 vehicles. The property also includes excellent parking for your employees and customers. Details Lease Rate = $6.00 to $8.00/SF/YR Available Space = 2,500 to 8,500 SF Lease Type = Full Service Lease Term = Negotiable
Single-Tenant Industrial Building in Milwaukee, WI
*** PROPERTY SOLD*** This 34,860 SF office/manufacturing building is unbelievably priced at only $18.65/SF! It is well located with two freeway interchanges located approximately 1 mile away (I-41/Appleton Avenue & I-41/Silver Spring Drive). This property also provides an excellent opportunity for conversion to a self-storage use. The building is situated on a large 4.35 acre parcel. Only 50% of the site is currently utilized. Therefore, the property includes surplus land that offers room for outdoor storage and/or building expansion. The improved portion includes a massive 108-stall parking lot. It includes excellent on-site truck maneuverability. The building improvement is 100% air conditioned and includes both grade level and dock high loading docks. It is currently built-out with 11,730 SF of warehouse and 23,130 SF of office space. The building is served by 3-phase power (800 Amp/240 Volt) and has a ceiling clear of 11’ to 12’. It includes a back-up Kohler power system as well as a freight elevator. The improvement was originally constructed in 1955 and later expanded in 1962. It later underwent a significant renovation in 1985.
Former Perkins Restaurant – West Bend-WI
*** PROPERTY SOLD*** Buy and lease-up this building and either possibly double your money or create a tremendous cash flow. This property can be purchased for half the price of new construction! This well located formerly branded dine-in restaurant is located at a signalized intersection in the City of West Bend. The City of West Bend has an estimated population of 31,590 residents. The City also has a median household income of $55,815; a mean household income of $70,956; includes 13,734 households; and an average household size of 2.27 people. This former Perkins restaurant includes outstanding frontage along State Highway 33 and is situated less than 1,000 feet from a US Highway 45 interchange. State Highway 33 includes an average daily traffic count of 21,100 vehicles. The property includes prominent signage along State Highway 33 and has exceptional ingress/egress. It is located adjacent to Culver’s and a future Taco Bell, as well as situated in close proximity to a Pick ‘N Save and Applebee’s Bar & Grill. The building is solid brick and was constructed in 1990. It includes a large kitchen and large parking lot. Kitchen equipment, dining tables and fixtures are included.
B-4 Zoned Site in Franklin, WI
*** PROPERTY SOLD*** Take advantage of Franklin’s transformation with this well-located 1+ acre parcel. This redevelopment site is situated within the 27th Street Corridor. The parcel provides a wonderful location for your business. It is zoned B-4 (South 27th Street Mixed Use Commercial District), which allows a wide variety of uses. It includes approximately 130′ of roadway frontage. Further, it’s location along the 27th Street Corridor allows for exceptional exposure, with the site experiencing an average daily traffic count of 9,300 vehicles.
16 Unit Apartment Building in Randolph, WI
*** PROPERTY SOLD*** This 16-unit apartment building is located on a quiet residential street in the Village of Randolph. The building is extremely well maintained. It allows a new owner to take ownership without any significant expenditures. It includes a low maintenance exterior. Recent updates include a new roof and rain gutters/downspouts in 2008. The building includes 16 two bedroom/one bathroom apartment units. Each unit is very large and includes a well-designed floorplan. Tenants pay for their own electric and heat usage. Units include a refrigerator, range, dishwasher and a sleeve air conditioner, as well as either a private patio or balcony. The building also includes an elevator and 17 private attached garages. In addition, 4 coin-operated washers, 4 coin-operated dryers and a water softener are included with the sale.
18-Unit Apartment Building in Milwaukee, WI
*** PROPERTY SOLD*** This solid brick building has been fully renovated. The historical occupancy has been very strong. The building provides tremendous cash flow with a Cap Rate at 9.0%. It contains 18 apartment units with (13) 1-bedroom & (5) 2-bedroom units. Plumbing and electrical has been completely updated throughout the entire building. Each unit has been fully renovated and include: new furnaces, new kitchen cabinetry, new flooring and paint throughout, as well as completely renovated bathrooms with new vanities, bathtubs/surrounds, toilets and bathroom fixtures. The building also includes a new roof and new windows. This is a rare opportunity for a truly turn-key apartment building in Metro Milwaukee.
Hartford Plaza – Hartford, WI
*** PROPERTY SOLD*** Hartford Plaza provides an excellent value add opportunity through both lease-up and pad development. The shopping center includes 149,439 square feet of building area and approximately 850 parking stalls. These improvements are situated on a 17.46-acre site. The property is located in Hartford’s commercial corridor and the gateway to the city. It is surrounded by a number of national and regional retailers and includes excellent exposure from State Highway 60. This major arterial includes an average daily traffic count of 21,600 vehicles. The City of Hartford has experienced strong population growth over the past decade; however, its population base is underserved by several retailers and national/regional restaurant chains. Retailers without a presence in the City of Hartford include Starbucks, Goodwill, Buffalo Wild Wings, Panera, Pizza Ranch, Tractor Supply and Menards, as well as several others. The Hartford Plaza’s site is zoned B-2 (Community Business District). The massive 17.46-acre parcel provides an opportunity for multiple uses, as well as outlot development (i.e. Starbucks, Panda Express, etc.). Further, the City of Harford is receptive to redevelopment and may co-operate.
18-Unit Apartment Building in Fond du Lac, WI
*** PROPERTY SOLD*** This well-maintained solid brick apartment building is located in the heart of Fond Du Lac and within a walkable neighborhood. It contains 18 apartment units with eleven 1-bedroom and seven 2-bedroom units. Each unit includes a refrigerator and range. The building includes updated electric and secured entrances. The property also includes 2 coin-operated washers and 2 coin-operated dryers for additional income. The building contains many long-term tenants with a strong income stream. Further, tenants are responsible for their own electric usage.
6-Unit Apartment Building in Appleton, WI
*** PROPERTY SOLD*** This solid brick building is an excellent property for a new investor or for someone seeking to expand their investment portfolio. The building is well-located. It is situated close to employment opportunities and amongst single-family homes. The property offers a value-add opportunity and the opportunity for increased rents as current rents are below market. The building is currently 100% occupied and has had strong historical occupancy. All units are 2-bedroom/1-bathroom. Tenants are responsible for their own electrical usage. In addition, the property includes a coin-operated washer and dryer for added income.
8-Unit Apartment Building in Appleton, WI
*** RECENTLY SOLD*** This well located 8 unit apartment building is situated at the end of a cul-de-sac and is located in close proximity to the freeway system. The building is well maintained and is constructed of solid brick. All units are 2-bedroom/1-bathroom. Each unit includes a refrigerator, range, dishwasher and a sleeve air conditioner. The property also includes 2 coin-operated washers and 2 coin-operated dryers for additional income. Further, tenants are responsible for their own electric usage. In addition, the property also includes a 6-car detached garage.
B-1 Zoned Site – West Bend, WI
***Property Sold*** This B-1 lot provides an excellent redevelopment opportunity! The lot is zoned B-1 (Community Business District) and is perfect for a restaurant, multi-tenant building or single-tenant office/retail building. It contains 0.71 acres of land area and is situated approximately 1/8 mile east of US Highway 45 in the City of West Bend. It is located in a major commercial node. It is surrounded by several new developments, including a newly constructed Verizon Store, Pizza Ranch, Starbucks, McDonalds, Burger King, Walgreens and Sendik’s.. The lot has 130 feet of frontage along Washington Street (State Highway 33). This arterial provides excellent exposure as it includes an average daily traffic count of 19,500 vehicles. The parcel is served by all public utilities. The lot also includes two access points, providing very good access to State Highway 33. At the present time, the site includes two dwellings. The monthly income from these dwellings help defray holding costs by providing an interim income of $19,740 annually.
24 Unit Apartment Complex – White Lake, WI
*** Property Sold*** 24-unit apartment complex consisting of two 12-unit buildings. Includes a total of twelve 3-bedroom units and twelve 2-bedroom units. All units are extra large. Each unit has a large kitchen with ample cabinetry, a refrigerator, stove, dishwasher, wash machine and dryer. Most units have been updated. Boilers are in excellent condition and roofs were recently replaced. Overall, both buildings are in excellent condition. Property also includes 24 detached garage stalls and there is room to build additional apartments. Buildings are located on one parcel but include two street addresses. They are identified as 201 Robbins Street (12-unit building) and 202 Century Street (12-unit building).
28-Unit Apartment Complex in Iola, WI
***Property Sold*** This property includes a total of 28 units with 28 detached garages. Sixteen units are located along McKinley Street and twelve units are located along Water Street. The buildings are well-maintained and constructed of solid brick. All units are 2-bedroom/1-bathroom. Each unit includes a refrigerator, range, dishwasher and a sleeve air conditioner. The property also includes 5 coin-operated washers and 5 coin-operated dryers for additional income. Further, tenants are responsible for their own electric usage.
16-Unit Apartment Complex in Berlin, WI
***Property Sold*** This well maintained apartment complex includes a total of 16 units within two buildings, along with 17 detached garages. It is located in a quiet area amongst single family dwellings and at the end of a cul-de-sac. The buildings were built in 1996 and 1998. The lower units include private entrances while upper units include semi-private entrances. All units are 2-bedroom/1-bathroom. Each unit includes a refrigerator, range, dishwasher, garbage disposal, wash machine, dryer and a sleeve air conditioner. Further, tenants are responsible for their own electric usage.
Multi-Tenant Industrial Building – West Bend, WI
***Property Sold*** Fully leased multi-tenant flex building with a high rate of return! This building has an eye popping current cap rate at 9.3%. The property also works great as an owner-occupied investment. An owner occupant can stay in this building for virtually FREE and have the tenants pay the mortgage with the additional cash flow from the tenant occupied units. Tenants are recession and internet resistant. This five-tenant building has massive electrical power with 3 phase service to the building. The building’s large parking lot and overhead doors add additional value and desire to this spectacular investment. Parking ratio is 2.75 stalls/1,000 square feet.
14-Unit Apartment Complex – Lisbon, WI
***Property Sold*** Multi-family property with tremendous income! Includes an outstanding cap rate of 8.8%. Property consists of fourteen units within five buildings. All apartment units are 2 bedroom/1 bathroom and contain 667 square feet. Layout includes a kitchen, dining area, living room, 2 bedrooms and a bathroom. The buildings were constructed in 1940 and are situated on a 5.5-acre site. Property is well located and just minutes from a major commercial node. Freeway system is less than four miles from property. The area includes an estimated population of 16,547 within a 3-mile radius and 63,304 within a 5-mile radius. The area has a median household income of $85,055 within a 3-mile radius and $79,401 within a 5-mile radius
Multi-Tenant Industrial/Office Building – West Bend, WI
Excellent owner-user opportunity! Have your tenant pay your mortgage and stay in this building for FREE!!! Well established daycare occupies rear half of building. Daycare lease continues for 9 more years (expires 2029) and includes annual escalations. Front portion to be vacated by church creating an ideal location with River Road exposure for your industrial or office-based business. Current sanctuary can be easily transformed into industrial/shop or bullpen office space. Building was constructed in 1989. It contains 13,000 square feet with 2 grade level doors. Building is 100% air conditioned! Parking ratio equates to 3.92 stalls/1000 square feet.
62 Unit Apartment Complex – Fox Crossing, WI
***PROPERTY SOLD*** This 62-unit apartment complex is located in the Village of Fox Crossing. It is located just three minutes from a major freeway (US Highway 10) and less than five minutes from a major hospital (St Elizabeth Hospital). The property includes 4 apartment buildings with a mix of large 1 bedroom (48.4%) and 2 bedroom (51.6%) units. It is comprised of (30) 1-bedroom/1 bath units (850 SF); (12) 2 bedroom/1 bath units (1,000 SF); (15) 2-bedroom/1.5 bath units (1,025 SF); and (5) 2-bedroom/2 bath units (1,100 SF). Units and interior halls have been well maintained. Several units have been updated with new carpet, paint and appliances. All units include either a patio or deck, as well as a refrigerator, range and sleeve air conditioner. The property includes a total of 8 coin-operated washers and 8 coin-operated dryers. It also includes 10 garage stalls and adequate surface parking.
