Mixed-Use Property with Cold
For Sale
Contact for pricing
1375 N Shawano St, New London, WI 54961
Multiple commercial buildings combine retail/flex space, cold storage, and mini storage uses on one parcel.
Property Size20,020 SF
Price / SF$49.45
Days on Market186
Property Features for 1375 N Shawano St
General Information
Standard status
Active
Size
20,020 SF
Property subtype
Retail, Mixed Use, Self Storage
Investment Type
Owner/User
Building Details
Year Built
1998
Year Renovated
2000
Buildings
4
Listing Agency:
Drifka Group
Listed By:
Tim Ceman · License #111378 - 94
(920) 659-0052
Source:
Crexi
Added: Apr 14
Changed: Oct 14
Last Checked: Oct 14 at 9:38PM
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 Drifka Group
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Investment Insights
Based on property information with market context.
This mixed-use commercial property at 1375 N Shawano St in New London, Wisconsin, includes approximately 20,020 square feet across four buildings on ±1.5 acres. The improvements provide a combination of retail/flex, cold storage, and mini storage space.
The front building includes office space, a restroom, kitchenette, and open workspace. A separate unheated cold storage building has overhead doors, while two additional buildings contain 39 mini storage units in varied sizes. The owner operates a business on-site, and the cold storage building may be available for leaseback. Existing business operations and inventory are excluded from the sale. The property was built in 1998 and has newer roofs.
The front building includes office space, a restroom, kitchenette, and open workspace. A separate unheated cold storage building has overhead doors, while two additional buildings contain 39 mini storage units in varied sizes. The owner operates a business on-site, and the cold storage building may be available for leaseback. Existing business operations and inventory are excluded from the sale. The property was built in 1998 and has newer roofs.
Key Highlights
- Approximately 20,020 SF across four buildings
- ±1.5 acres at 1375 N Shawano St, New London, WI
- Traffic counts of ±10,500 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,385
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,700
$1.0M
Cap Rate 7%
$719,786
$719.8K
Cap Rate 9%
$559,833
$559.8K
Market Conditions
NOI Build-Up for 20,020 SF
Gross rent
$81.7K $4.08/SF
− Vacancy
−$4.2K −$0.21/SF
EGI
$77.5K $3.87/SF
− OpEx
−$27.1K −$1.36/SF
NOI
$50.4K $2.52/SF
Area
Waupaca County, WI
Vacancy
5.10%
Lease Rate
$4.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,700
Cap Rate 7%
$719,786
Cap Rate 9%
$559,833
Alternative Uses
Best Use
Mixed Use
$2.31M
$2.02M – $2.69M
NOI $161,621 @ 7.0% cap · market cap 16.33%
Second Best
Self Storage
$2.22M
$1.94M – $2.59M
NOI $155,555 @ 7.0% cap · market cap 15.71%
Theoretical Best
Office A
$3.75M
$3.28M – $4.37M
NOI $262,498 @ 7.0% cap · market cap 26.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 54961, WI
14,122
Population
6,249
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
91%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$71,337
Median Household Income
$43,960
Median Earnings
$841
Median Rent
$196,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple commercial buildings combine retail/flex space, cold storage, and mini storage uses on one parcel.
Where is this mixed-use property located?
The property is located at 1375 N Shawano St New London, WI.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Approximately 20,020 SF across four buildings; ±1.5 acres at 1375 N Shawano St, New London, WI; Traffic counts of ±10,500 vehicles per day
