1659 N Spring St - Retail FOR SALE


Beaver Dam, WI 53916
$1,900,000 USD
414-273-4600
1659 N Spring St, Beaver Dam, WI for Sale
$1,900,000 USD
Retail - FOR SALE
1/21
null | Request Cap Rate

1659 N Spring St
Beaver Dam, WI 53916


HIGHLIGHTS

  • Prime Co-Tenancy: Situated directly adjacent to Heritage Village Mall—Beaver Dam’s leading retail destination
  • Turnkey Condition: New roof and gutter system installed in 2024, ensuring long-term weather protection and minimizing near-term capital expenditures
  • Versatile Retail Platform: Ten thoughtfully configured suites (100–3,634 SF), ideal for a broad range of operators

OVERVIEW

Monarch Court is a rare investment opportunity directly adjacent to Beaver Dam’s premier shopping destination, Heritage Village Mall. The 12,613 SF multi-tenant property features ten suites ranging from 100 to 3,634 SF, anchored by high-visibility service and wellness users. In-place gross rents average ~$17.00 PSF, substantially below area NNN comparables of $16–$20 PSF, creating immediate mark-to-market upside as leases roll. The property benefits from excellent frontage on N Spring Street (18,500 VPD) with shared ingress/egress to US-151 and heavy regional traffic. Recent capital improvements include a new roof and gutter system installed in 2024, minimizing near-term CapEx requirements. With stable occupancy, flexible suite layouts, and built-in co-tenancy draw from national anchors at the adjacent mall, Monarch Court offers a turnkey retail investment with clear paths to income growth.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monarch Court

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Com

APN/PARCEL ID

206-1214-2733-005

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 Policy.