2547 State Road 35 - Storefront Retail/Office FOR SALE


Luck, WI 54853
$2,116,000 USD
202-573-2148
2547 State Road 35, Luck, WI for Sale
$2,116,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 8.5% Cap Rate

2547 State Road 35
Luck, WI 54853


HIGHLIGHTS

  • Value-add potential is supported by one 1,750 SF vacant suite representing 11.7% of the GLA, below-market average in-place rent of $12.14 PSF.
  • Attractive pricing offers strong returns, including a day-one cap rate of 8.50% and a 9.42% cash-on-cash return at the asking price.
  • The property features landlord-friendly lease structures, with net leases in place across all existing tenants and minimal landlord responsibilities.
  • The ideal tenant roster consists of approximately 50% medical users and 50% traditional retail users and is anchored by Luck Clinic & Amery Hospital.
  • The property is located in a quaint and affluent area with an average household income exceeding $90,030 within a three-mile radius.

OVERVIEW

We are pleased to exclusively offer for sale the 15,000 SF Evergreen Plaza located at 2547 State Road 35 in Luck, Wisconsin. This offering presents a compelling value-add investment opportunity with one 1,750 SF vacant suite, representing approximately 11.7% of the gross leasable area, providing immediate upside through lease-up. The property features a low average in-place rent of $12.14 PSF, along with significant annual rental escalations that enhance long-term income growth. In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90

FOR SALE DETAILS

PRICE

$2,116,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Opportunity - Luck, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

146-00470-0000

ASK ABOUT THIS PROPERTY

Ben KohlSands Investment GroupMore Info
202-573-2148

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Ben KohlSands Investment GroupMore Info
202-573-2148

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