Grocery-Anchored Shopping
For Sale
$6,456,000
125 E Pine St, Platteville, WI 53818
Fully leased main floor with five loading docks, 345 parking spaces, and a drive-thru bank pad.
Property Size81,398 SF
Price / SF$79.31
Days on Market115
Property Features for 125 E Pine St
General Information
Standard status
Active
Size
81,398 SF
Property subtype
Shopping Community
Amenities
Anchored by Piggly Wiggly, which has been Operating at this Center for 25-Plus Years and has Nearly Five Years of Term Remaining
Limited Nearby Competition: the Nearest Full-Service Grocer is Nearly 10 Miles south with a Notable Void to the North/Northeast
Corporate Lease | Piggly Wiggly is a wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation's Largest Grocery Distributors; a Supplier to more than 7,500 Independent Supermarkets
Weighted Tenant Tenure of 19.18 Years Across Net Leased Tenants, Demonstrating Exceptional Stability
Ranked #2 for Most Visited Shopping Strip within a 50 Mile Radius by Visits (Placer.ai)
95 Percent Occupied | Fully Leased Main Floor with Value Add Potential in the Second Floor Office Spaces
Less than One-Half Mile from University of Wisconsin–Platteville (6,395 Students, Ranked #12 Top Public Schools, U.S. News)
Building Details
Building Size
81,398 SF
Year Built
1967
Listing Agency:
Marcus & Millichap | Chicago Oak Brook
Listed By:
Sean Sharko · License #License(s): IL: 471.010712
(630) 570-2238
Source:
Marcusmillichap
Added: May 27
Changed: Sep 7
Last Checked: Sep 18 at 3:58AM
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 Marcus & Millichap | Chicago Oak Brook
Investment Insights
Based on property information with market context.
This grocery-anchored shopping center is anchored by Piggly Wiggly, a tenant of over 25 years with nearly five years of remaining term. The center’s main floor is fully leased and supports additional merchandising and service uses across a versatile layout that includes five loading docks and 345 parking spaces, along with a drive-thru bank pad. Long-term tenants include MidWestOne Bank, Papa Murphy’s, Asian Cafe, Snap Fitness, Pioneer Nutrition, and Tundra Tobacco.
Platteville’s retail corridor is positioned within walking distance of the University of Wisconsin-Platteville, less than half a mile away, with 6,395 students. The property is also surrounded by large apartment communities and two hotels. According to Placer.ai, the shopping strip within 50 miles is ranked #2 for most visits, and the area includes 8,848 residents and a daytime population of 12,133 within one mile.
The property features a value-add component through second-floor office space while maintaining overall stability through long-tenured occupancy.
Platteville’s retail corridor is positioned within walking distance of the University of Wisconsin-Platteville, less than half a mile away, with 6,395 students. The property is also surrounded by large apartment communities and two hotels. According to Placer.ai, the shopping strip within 50 miles is ranked #2 for most visits, and the area includes 8,848 residents and a daytime population of 12,133 within one mile.
The property features a value-add component through second-floor office space while maintaining overall stability through long-tenured occupancy.
Key Highlights
- Fully leased main floor anchored by Piggly Wiggly (tenant of 25+ years) with nearly 5 years of term remaining
- Weighted tenant tenure of 18.95 years, including MidWestOne Bank and Papa Murphy's (20+ years), Asian Cafe (21.5 years), Snap Fitness (nearly 18 years)
- Five loading docks, 345 parking spaces, and a drive‑thru bank pad
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 25%
Dining 11%
Hotels & Casinos 6%
Kwik Trip
Shops & Services
33,402 visits/mo
0.4 miles
Piggly Wiggly
Groceries
16,461 visits/mo
0.2 miles
Holiday Inn Express & Suites Platteville
Hotels & Casinos
3,844 visits/mo
0.0 miles
SUBWAY
Dining
3,342 visits/mo
0.3 miles
Jimmy John's
Dining
2,976 visits/mo
0.2 miles
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased main floor with five loading docks, 345 parking spaces, and a drive-thru bank pad.
Where is this shopping center located?
The property is located at 125 E Pine St Platteville, WI.
What is the asking price?
The asking price for this property is $6,456,000.
What are key features of this property?
This property features: Fully leased main floor anchored by Piggly Wiggly (tenant of 25+ years) with nearly 5 years of term remaining; Weighted tenant tenure of 18.95 years, including MidWestOne Bank and Papa Murphy's (20+ years), Asian Cafe (21.5 years), Snap Fitness (nearly 18 years); Five loading docks, 345 parking spaces, and a drive‑thru bank pad
