High-Visibility Warehouse Near Interstate 90

N5105 Leonard N St, West Salem, WI 54669

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For Sale

$1,450,000

Spacious warehouse with offices, cold storage, and highway visibility.

Type:Commercial/Industrial

Property size:

7,500 SF

Lot size:

1.96 Acres

Price / SF:

$193/SF

HighLights

High‑visibility location at the corner of Highway 16 & Leonard St.
Minutes from Interstate 90 for easy transportation access.
Expansive heated warehouse space.
Three 12' high overhead doors for seamless access.
Cold storage area with one 12' high overhead door.
Office space includes two private offices, meeting room, kitchenette & two restrooms.

We can help!

Listing Contact

Dawn Hougom

Learn more

For Sale

$1,450,000

Spacious warehouse with offices, cold storage, and highway visibility.

Type:Commercial/Industrial

Property size:

7,500 SF

Lot size:

1.96 Acres

Price / SF:

$193/SF

Added:: Jun 26, 2024
Days on Market:: 717
Last Refresh:: May 19 at 8:50 pm

Property Features for N5105 Leonard N St

General Information

Standard status: Active
Size: 7,500 SF
Lot size: 1.96 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1965

We can help!

Listing Contact

Dawn Hougom

Listing agent Dawn Hougom License #87597-94

Listing office Coldwell Banker Commercial River Valley

Listing date Jun 26, 2024

Source Exitrealty

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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial River Valley

HighLights

High‑visibility location at the corner of Highway 16 & Leonard St.
Minutes from Interstate 90 for easy transportation access.
Expansive heated warehouse space.
Three 12' high overhead doors for seamless access.
Cold storage area with one 12' high overhead door.
Office space includes two private offices, meeting room, kitchenette & two restrooms.

Overview

This 7,500 square foot warehouse property is located at the corner of Highway 16 and Leonard St., offering high visibility and convenient access to Interstate 90. The property features a heated warehouse with three 12-foot high overhead doors, facilitating seamless access for distribution or business operations. Additionally, there is a cold storage area equipped with one 12-foot high overhead door. The property includes office space comprising two private offices, a large meeting room, a kitchenette, and two restrooms. This setup provides added functionality for various business needs. The property's strategic location near major transportation routes and its excellent visibility make it a suitable opportunity for businesses looking to expand or as an investment.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$135.0k	$18.00
− Vacancy	−$29.7k	−$3.96
EGI	$105.3k	$14.04
− OpEx	−$26.3k	−$3.51
NOI	$79.0k	$10.53

7,500 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.13M

$987.2K – $1.32M (±1% cap)

NOI $78,975 @ 7.0% cap · market cap 5.45%

Second Best

Warehouse

$804.6K

$704.1K – $938.8K (±1% cap)

NOI $56,325 @ 7.0% cap · market cap 3.88%

Theoretical Best

Specialty Retail

$1.64M

$1.44M – $1.91M (±1% cap)

NOI $114,818 @ 7.0% cap · market cap 7.92%

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

Location Intelligence

Current Use by Public Records

Hamilton Town Hall ... Local Government Office

Suggested Use

Similar Places Nearby

Northern Land Mini Storage — 977 West Ave N, West Salem, WI 54669
Pack N Pay — 501 West Ave N, West Salem, WI 54669
Pack N Pay — 1000 W Franklin St, West Salem, WI 54669
All In Storage LLC — 481 West Ave N, West Salem, WI 54669

Location Insight

Map
Local Demand

City: West Salem
County: La Crosse
State: Wisconsin
Longitude: -91.0819
Latitude: 43.9067

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View Details

For sale
Warehouses
WI
West Salem
54669
N5105 Leonard N St

What type of property is this?

Warehouse - Spacious warehouse with offices, cold storage, and highway visibility.

Where is this warehouse located?

The property is located at N5105 Leonard N St West Salem, WI.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: High‑visibility location at the corner of Highway 16 & Leonard St.; Minutes from Interstate 90 for easy transportation access.; Expansive heated warehouse space.