Positioned on a 0.53-acre parcel, 501 S Grand Avenue offers a versatile retail and office opportunity in Waukesha, Wisconsin. The property consists of an 11,989 SF building with flexible, divisible space options ranging from approximately 2,000 SF up to 7,672 SF, making it well-suited for owner-users, investors, or tenants seeking adaptable square footage. The building features a functional interior layout, including a dedicated break room and two bathrooms, supporting a variety of retail or professional office uses. Ample surface parking is available with 33 on-site stalls, providing convenient access for employees and customers alike. Offered for sale at $1,075,000, the property reflects a 7.4% cap rate and carries 2023 real estate taxes of $8,913.24 (Parcel No. WAKC1333382). For tenants, lease rates range from $7.50 to $10.00 per square foot, offering a cost-effective option in the Waukesha market.