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Freestanding Retail Building in Onalaska

1231 Crossing Meadows Drive Onalaska, WI 54650

1231 Crossing Meadows Drive, Onalaska, WI, 54650
$2,643,000
For Sale
Claim this Listing
$2,643,000

Freestanding 15,768 SF retail building in Onalaska, Wisconsin.

Property Size15,748 SF
Lot Size1.18 Acres
Price / SF$167.83
AddedMar 25
Days on Market113
Last RefreshJun 29 at 5:43 am

Property Features for 1231 Crossing Meadows Drive

General Information

Standard status
Active
Size
15,748 SF
Lot size
1.18 Acres
Property subtype
Retail

Listing office

Listing date Mar 25, 2026

Source Cbre

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 AJ Prins


Investment Insights

Based on property information with market context.

This freestanding retail building in Onalaska, Wisconsin, offers 15,768 square feet of space on a 1.18-acre lot. The property is located within the Crossing Meadows retail development, anchored by Festival Foods and Sam’s Club. The location benefits from high visibility and traffic counts, as well as the area’s residential and commercial growth. The current tenant, Petco, opened in 1996 and has demonstrated commitment to the site with lease extensions in 2012, 2020, and 2024. The rent rate is $12 per square foot. Petco Health and Wellness Company, Inc. has corporate offices in San Diego and San Antonio and operates 1,500 locations. The company's 2023 revenues exceeded $6 billion. Onalaska is located on the border of Minnesota and Wisconsin and, together with La Crosse, forms the La Crosse MSA, with a population of approximately 139,000.

Key Highlights

  • Premiere retail location in a robust trade area anchored by Festival Foods and Sam's Club.
  • Petco has demonstrated site commitment with 3 early lease extensions.
  • Attractive below‑market rent of $12 per square foot.

Local Financial Insights For Retail

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 $236.2k $15.00
− Vacancy −$9.9k −$0.63
EGI $226.3k $14.37
− OpEx −$67.9k −$4.31
NOI $158.4k $10.06
15,748 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$2.26M
$1.98M – $2.64M (±1% cap)
NOI $158,409 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.02M (±1% cap)
NOI $241,086 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

fi.d.o (Bike/Boat/Book/etc) Store Petco Grooming Pet Grooming Service Petco Dog Training Animal Training Petco Low Cost ... Veterinary Clinic Petco (Bike/Boat/Book/etc) Store

Suggested Use

Law Firm Parking Lot & Garage HVAC Service Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service Electrical Service Building Supply Hotel & Motel Storage Facility

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

FAQs

What type of property is this?
Retail space - Freestanding 15,768 SF retail building in Onalaska, Wisconsin.
Where is this retail space located?
The property is located at 1231 Crossing Meadows Drive Onalaska, WI.
What is the asking price?
The asking price for this property is $2,643,000.
What are key features of this property?
This property features: Premiere retail location in a robust trade area anchored by Festival Foods and Sam's Club.; Petco has demonstrated site commitment with 3 early lease extensions.; Attractive below‑market rent of $12 per square foot.
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