1319-1413 Creston Park Dr - Storefront FOR SALE


Janesville, WI 53545
$7,560,000 USD
516-456-6343
1319-1413 Creston Park Dr, Janesville, WI for Sale
$7,560,000 USD
Storefront - FOR SALE
1/23
null | 9.25% Cap Rate

1319-1413 Creston Park Dr
Janesville, WI 53545


HIGHLIGHTS

  • Anchored by OfficeMax and Fresenius Medical Care with long-term occupancy history.
  • Located on Milton Avenue with exposure to 25,000 vehicles per day.
  • Opportunity to develop an additional outlot of approximately one acre.
  • Situated in a dense trade area with nearly 400,000 residents within 25 miles.
  • Offered at $7,560,000 with a strong 9.25% cap rate and upside potential.
  • Janesville retail vacancy remains low at 2.6%, supporting tenant demand.

OVERVIEW

Creston Park Mall presents an exceptional investment opportunity in Janesville, Wisconsin. This 73,471 SF shopping center sits on 7.99 acres and is offered at $7,560,000 with a 9.25% cap rate. Anchored by long-standing tenants including OfficeMax and Fresenius Medical Care, the property demonstrates stability and income potential. Positioned along Milton Avenue with visibility to approximately 25,000 vehicles per day, the center benefits from strong traffic counts and a densely populated trade area of nearly 400,000 residents within a 25-mile radius. Current occupancy is 67%, providing immediate upside through lease-up and potential outlot development of approximately one acre. Janesville’s retail vacancy rate remains low at 2.6%, reinforcing the strength of this submarket. With proximity to Madison and major regional retailers, Creston Park Mall offers investors a well-located asset with consistent cash flow and value-add potential.

FOR SALE DETAILS

PRICE

$7,560,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creston Park Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

283

LAND DETAILS

LAND ACRES

7.99 AC

LAND SF

348,044 SF

ZONING

B2

APN/PARCEL ID

021-9400300

ASK ABOUT THIS PROPERTY

Blake BenitezSilber Investment Properties, LTDMore Info
516-456-6343

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Blake BenitezSilber Investment Properties, LTDMore Info
516-456-6343

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