1010 Fond Du Lac Ave - Storefront FOR SALE


Kewaskum, WI 53040
$1,499,000 USD
414-946-6022
1010 Fond Du Lac Ave, Kewaskum, WI for Sale
$1,499,000 USD
Storefront - FOR SALE
1/64
null | 8.68% Cap Rate

1010 Fond Du Lac Ave
Kewaskum, WI 53040


HIGHLIGHTS

  • Grocery Shadow Anchor: 603 feet away from Piggly Wiggly grocery store
  • High-Traffic Area: Intersection of Fond Du Lac ave & Hwy H sees 5.4 million annual vehicles
  • Right-Sized Suites: Average unit size is 1,776 SF, ideal for mom and pop tenants
  • Nice Renovation: Renovated in 2008, 1010 Fond Du Lac is the newest retail center within 7 miles
  • Limited Retail Competition: As of April 14, 2025, there's zero retail space for lease within 6.5 miles (as per public listing sites)
  • High-Income Area: Kewaskum’s 53040 zip code boats an average household income of $109,630, 13.8% higher than WI average

OVERVIEW

100% leased retail center with strong investment metrics and value-add upside. 2024 actual cap rate of 8.68%, GRM of 8.97 (7.43% below market), and priced at $115.68/SF—13.06% under comp median. Rents average $15.56/SF (modified gross), 8.85% below market, creating room for future rent growth. Located just 603 ft from a high-traffic Piggly Wiggly (479K+ visits in 2024) and positioned on a corner with 5.4M annual visits. Renovated in 2008 with tall storefront windows, strong visibility, and 64 parking stalls. Average suite size of 1,776 SF appeals to local tenants. Opportunities to boost NOI through NNN lease conversion, improved signage, and proactive property management. No retail vacancy within 6.5 miles.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

8.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

CROSS STREETS

CR-H

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

B-2

APN/PARCEL ID

V4-018600P

ASK ABOUT THIS PROPERTY

Mark KvetkovskiyCompassMore Info
414-946-6022

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Mark KvetkovskiyCompassMore Info
414-946-6022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.