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Washington Place Neighborhood Shopping Center
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1003 - 1005 Washington St, Grafton, WI 53024

Commercial retail center with two access points near Highway 60 and Interstate 43.

Property Size11,792 SF
Price / SF$135.69
Days on Market172

Property Features for 1003 - 1005 Washington St

General Information

Standard status Active
Size 11,792 SF
Property subtype Retail
Zoning Commercial
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $123,148

Site & Location

Anchor Co-Tenants Little Friends Learning Center
Road Access Yes

Building Details

Year Built 1960
Year Renovated 1995
Buildings 1
Stories 1
Units 4
Tenancy Multi
Listing Agency: Newmark - Milwaukee
Listed By: Michael Wirth · License #WI 59763 - 90
Source: Crexi
Added: Mar 13 Changed: Aug 30 Last Checked: Aug 30 at 4:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Milwaukee

Investment Insights

Based on property information with market context.

Washington Place is a neighborhood shopping center at 1003–1005 Washington Street in Grafton, Wisconsin. The property was built in 1960 and contains approximately 11,000 square feet of retail space under Commercial zoning. Dual ingress and egress support convenient access for customers and tenants.

The center sits along the State Highway 60 corridor, approximately 1.5 miles west of Interstate 43 and within blocks of Downtown Grafton. It is positioned near the signalized junction of Highway 60 and Highway O, also identified as 12th Avenue. Little Friends Learning Center has occupied space at the property for nearly 30 years, providing a long-standing anchor presence.

Key Highlights

  • Approximately 11,000 SF neighborhood retail center
  • 100% fee‑simple ownership
  • Dual ingress and egress

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Bakery Barber Shop Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

436
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 72% Dining 28%
BP Shops & Services
4,723 visits/mo 0.4 miles
Colectivo Coffee Dining
4,597 visits/mo 0.2 miles
BMO Harris Bank Shops & Services
3,984 visits/mo 0.2 miles
Mobil Shops & Services
3,285 visits/mo 0.2 miles

Demographics for 53024, WI

18,291
Population
8,598
Households
2.1
Avg Household Size
44
Median Age
46%
College-Educated
99%
High-School Grad
27.5 sq mi
ZIP Area
665
Density / Sq Mi
$91,675
Median Household Income
$53,758
Median Earnings
$1,124
Median Rent
$353,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • US Corporate Awards and Gifts 1350 14th Ave, Grafton, WI 53024

Frequently Asked Questions

What type of property is this?
Shopping center - Commercial retail center with two access points near Highway 60 and Interstate 43.
Where is this shopping center located?
The property is located at 1003 - 1005 Washington St Grafton, WI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 11,000 SF neighborhood retail center; 100% fee‑simple ownership; Dual ingress and egress
(262) 302-9795 Call to check price and availability
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