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    Sturtevant Land with Spring-Fed Pond Title is generated by Realmo AI

    11665 Washington Ave, Sturtevant, WI 53177

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    Claim this Listing
    For Sale
    $3,500,000

    Commercial/Industrial - Sturtevant, WI

    Property size:
    1,800 SF
    Lot size:
    13.46 Acres
    Price / SF:
    $1,944/SF
    Added:
    Nov 19, 2025
    Days on Market:
    197
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 11665 Washington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Ag
    Interior features
    Inside Storage, Living Space Avail.
    Exterior features
    Outside Storage
    Standard status
    Active
    APN
    151032217027000
    Size
    1,800 SF
    Lot size
    13.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4936

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Michael Klug
    Michael Klug

    Listing agent Michael Klug License #85126-94

    Listing office RE/MAX Newport 1020 West Blvd, Racine, WI 53405, Racine, WI

    Listing date Nov 19, 2025

    MLS# 1943429 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in Mt Pleasant, WI, a hub of Midwest development and pro‑business environment.
    • High visibility and easy access to Hwy 94, Hwy 20, and International Drive, facilitating transportation and business opportunities.
    • Versatile 13+ acre property suitable for condos, apartments, retail, commercial, industrial, or mixed‑use development.
    • Unique 3‑acre, 35 ft deep, spring‑fed pond with gazebo, enhancing property appeal and potential recreational use.
    • Existing infrastructure with water, sewer, and electric available at the front and back of the property.
    • Proximity to major developments including Aurora Hospital, Foxconn, Microsoft, and Insinkerator, creating a dynamic and growing environment.

    Overview

    This 13+ acre property is located in Mt Pleasant, WI, an area known as the Center of Midwest Development with a pro-business environment. The site is suitable for condos, apartments, retail, commercial, industrial, or mixed-use development. The property benefits from high visibility near Hwy 94, with access off Hwy 20 and International Drive, situated between Milwaukee and Chicago. It is located near the new Aurora Hospital, Foxconn, Microsoft, and Insinkerator, as well as other development zones. A unique feature is a 3-acre, 35 ft deep, spring-fed pond, along with a gazebo and three outbuildings. There is also a 1,800 square foot home with 3 bedrooms and 1.5 bathrooms. Water, sewer, and electric utilities are available at the front and back of the property. Possible adjacent properties for sale offer the potential for up to 125 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Hotel & Motel Pharmacy Auto Parts Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sturtevant
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.927324
    Latitude
    42.71828

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    FAQs

    What type of property is this?
    Land - 13+ acres in Mt Pleasant ideal for development.
    Where is this land located?
    The property is located at 11665 Washington Ave Sturtevant, WI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Prime location in Mt Pleasant, WI, a hub of Midwest development and pro‑business environment.; High visibility and easy access to Hwy 94, Hwy 20, and International Drive, facilitating transportation and business opportunities.; Versatile 13+ acre property suitable for condos, apartments, retail, commercial, industrial, or mixed‑use development.
    (414) 254-4202
    We can help!
    Listing Contact
    Michael Klug
    Michael Klug
    Real Estate License ID: 85126-94
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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