414-273-4600
1645 N Spring St, Beaver Dam, WI for Sale
Department Store - FOR SALE
1/9
null | Request Cap Rate

1645 N Spring St
Beaver Dam, WI 53916


HIGHLIGHTS

  • Partially completed regional mall redevelopment anchored by Ross, Marshall's, Five Below, Staples, Shoe Sensation and Dunham's
  • Property is located within TIF District #8, open for 8 additional years.
  • Development opportunity includes a 14,250 sf JoAnn vacancy, a 25,000 interior area and potential parking lot development.

OVERVIEW

Heritage Village Mall is a regional mall in Beaver Dam, Wisconsin that has undergone a partial redevelopment. The existing Owners are soliciting Offers for an active investor/redeveloper to complete the full redevelopment. Existing national credit retailers include, Marshall’s, Ross Dress For Less, Five Below, Staples, Dunham’s, Shoe Sensation and Harbor Freight. Development opportunities include re-leasing a former 14,250 sf JoAnn premise, redeveloping the approximate 25,000 sf interior atrium portion and creating new development on an underused parking field. • 75% completed mall redevelopment. • Current gross income of $1,183,737 • 2024 Actual Expenses of $283,892 • One in-line 14,250 sf vacancy of a former JoAnn and a roughly 25,000 sf interior atrium in need of rehabilitation for new tenant(s). • Some deferred maintenance of parking lot and roof areas above interior mall. PCR can be provided. • Flexible Commercial Zoning. The Property is currently in Tax Incremental Finance District No. 8, which has 8 more remaining years of life.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Village Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

1360

LAND DETAILS

CROSS STREETS

Hwy B & N Spring St

LAND ACRES

20.04 AC

LAND SF

873,156 SF

ZONING

Commercial

APN/PARCEL ID

206-1214-2733-003,206-1214-2733-020

ASK ABOUT THIS PROPERTY

Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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