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Grocery-Anchored Shopping Center
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1019 River St, Belleville, WI 53508

Established retail center with multiple named occupants, long-term leases, and expansion land adjoining the existing improvements.

Property SizeContact for details
Days on Market141

Property Features for 1019 River St

General Information

Standard status Active
Property subtype Retail
Listing Agency: Lee & Associates - Madison
Listed By: John Walsh · License #WI 55431-90
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 7:05PM

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 Lee & Associates - Madison

Investment Insights

Based on property information with market context.

This shopping center contains 43,321 square feet, including mezzanine space, on a 4.5-acre lot totaling 196,020 square feet. Built in 2001, the property includes Piggly Wiggly, Family Dollar, Subway, and Edward Jones as named occupants. Piggly Wiggly and Family Dollar each have new 10-year leases supported by corporate guarantees, and the property reflects a 7% CAP Rate.

The site is located at 1019 River St in Belleville, Wisconsin. Additional adjoining land could accommodate a 13,000-square-foot expansion of the shopping center or up to 36 apartments. An offering memorandum is available upon request.

Key Highlights

  • 43,321 Sq. Ft. retail center, including mezzanine space
  • 4.5 Acre Lot (196,020 Sq. Ft.)
  • Piggly Wiggly, Family Dollar, Subway and Edward Jones occupy the center

Property Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Town & Country Insurance ... Insurance Agency Main Street Market ... Specialty Food Shop Mr. Jay Makovec Alternative Medicine Practice Bradley Karl Freitag Alternative Medicine Practice

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Auto Repair Shop Law Firm (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby
Balanced
Demand for This Use

Demographics for 53508, WI

5,477
Population
2,421
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
97%
High-School Grad
67.9 sq mi
ZIP Area
81
Density / Sq Mi
$95,577
Median Household Income
$51,021
Median Earnings
$1,002
Median Rent
$330,700
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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Frequently Asked Questions

What type of property is this?
Shopping center - Established retail center with multiple named occupants, long-term leases, and expansion land adjoining the existing improvements.
Where is this shopping center located?
The property is located at 1019 River St Belleville, WI.
What are key features of this property?
This property features: 43,321 Sq. Ft. retail center, including mezzanine space; 4.5 Acre Lot (196,020 Sq. Ft.); Piggly Wiggly, Family Dollar, Subway and Edward Jones occupy the center
More about this property
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