Temperature-Controlled
1028 Mulberry St Lake Mills, WI 53551
1028 Mulberry St, Lake Mills, WI, 53551
Contact for pricing
For Sale
Contact for pricing
Warehouse offering 33-degree temperature holds with 24/7 HVAC and refrigeration monitoring plus backup/dedicated city power.
Property Size23,500 SF
Price / SF$123.40
Days on Market41
Property Features for 1028 Mulberry St
General Information
- Standard status
- Active
- Size
- 23,500 SF
- Property subtype
- INDUSTRIAL
Listing agency
Twelve2 Commercial Group
(262) 436-4760
Listed by
Cale Berg · License #WI 76136-94
(262) 436-4760
Source
Moodyscre
Added: Jun 11 Updated: Jul 20 at 8:22PM Checked: Jul 21 at 8:24AM
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 Twelve2 Commercial Group
Investment Insights
Based on property information with market context.
This warehouse is designed for refrigerated storage, featuring 33-degree temperature holds and 24/7 HVAC and refrigeration monitoring. The property also includes backup power/dedicated power from the city, along with electric jacks and charging stations to support onsite material handling.
The location provides quick access to a major I-94 interchange, described as about 3 minutes away. The surrounding area is noted for proximity to multiple food distribution hubs, including Aldi’s, Kroger, Target, and Walmart.
Overall, the configuration supports controlled-temperature operations with built-in monitoring and power continuity, paired with electric material handling support via jacks and charging stations.
The location provides quick access to a major I-94 interchange, described as about 3 minutes away. The surrounding area is noted for proximity to multiple food distribution hubs, including Aldi’s, Kroger, Target, and Walmart.
Overall, the configuration supports controlled-temperature operations with built-in monitoring and power continuity, paired with electric material handling support via jacks and charging stations.
Key Highlights
- 33‑degree temperature holds for warehouse operations
- 24/7 HVAC and refrigeration monitoring
- Backup/dedicated power from the city
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $324.3k | $13.80 |
| − Vacancy | −$18.5k | −$0.79 |
| EGI | $305.8k | $13.01 |
| − OpEx | −$45.9k | −$1.95 |
| NOI | $259.9k | $11.06 |
23,500 SF · lease $13.80/SF/yr · vacancy 5.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.71M
$3.25M – $4.33M
NOI $259,943 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.52M
$4.83M – $6.44M
NOI $386,114 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lakeland Farms
Storage Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Rock Lake Storage — 650 Owen St, Lake Mills, WI 53551
- Lakeland Farms — 1028 Mulberry St, Lake Mills, WI 53551
FAQs
What type of property is this?
Warehouse - Warehouse offering 33-degree temperature holds with 24/7 HVAC and refrigeration monitoring plus backup/dedicated city power.
Where is this warehouse located?
The property is located at 1028 Mulberry St Lake Mills, WI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 33‑degree temperature holds for warehouse operations; 24/7 HVAC and refrigeration monitoring; Backup/dedicated power from the city
