Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waukesha Industrial Development Opportunity Title is generated by Realmo AI

    1601 E Main St, Waukesha, WI 53186

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    18-acre industrial development site near I-94 in Waukesha.

    Type:Land
    Lot size:
    18.00 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    71
    Last Refresh:
    Mar 16 at 2:17 pm

    Property Features for 1601 E Main St

    General Information

    Standard status
    Active
    Lot size
    18.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Will Klumb
    Will Klumb

    Listing agent Will Klumb License #WI 87680-94

    Listing office Coldwell Banker Commercial NRT Brookfield

    Listing date Mar 4, 2026

    Source Crexi

    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 Coldwell Banker Commercial NRT Brookfield

    HighLights

    • Excellent opportunity for industrial development.
    • Less than 2 miles from I‑94.
    • Parcel size of approximately 18 acres.
    • About 6 acres are delineated wetlands.
    • Located in Waukesha.
    • +/- 2.5 acres portion excluded from the sale.

    Overview

    This property presents an opportunity for industrial development in Waukesha. The parcel encompasses approximately 18 acres, with just over 6 acres designated as delineated wetlands. A roughly 2.5-acre portion of the property, currently housing Swing Time Golf's mini golf operation, is excluded from the sale. The location is less than 2 miles from I-94.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Swing Time Golf ... Golf Course Grower's Best Christmas ... Home Decor Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2030342
    Latitude
    43.0196792

    Nearby Similar for Sale

    • $574,900

      Waukesha Industrial Park Land Opportunity

      Prime corner lot in established Waukesha business park.
      Lt1 Corporate Dr, Waukesha, WI 53189
      View Details
    • $194,900

      Waukesha Multifamily Rehab Opportunity

      Four-unit multifamily property near downtown Waukesha, ideal for renovation.
      206 Maple Ave, Waukesha, WI 53186
      View Details
    • $239,900

      Waukesha Vacant Land Opportunity

      3.39 acres of land, ideal for custom homes.
      Lt 11 Holiday Hill Rd, Waukesha, WI 53189
      View Details
    • $215,000

      Residential Lot in Waukesha County

      Over an acre lot ready for a custom dream home.
      Lot 1 Cardinal Ct, Waukesha, WI 53189
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in a new home neighborhood with scenic views.
      Lt35 White Oak Way, Waukesha, WI 53188
      View Details
    • $2,625,000
      2,570 SF

      New Starbucks in Waukesha, Wisconsin

      New build-to-suit Starbucks with a 10-year corporate lease.
      151 West Sunset Drive, Waukesha, WI 53189
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in Waukesha's Skyline neighborhood, perfect for families.
      Lt36 White Oak Way, Waukesha, WI 53188
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in Waukesha's Skyline neighborhood, perfect for families.
      Lt34 White Oak Way, Waukesha, WI 53188
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in Waukesha's Skyline neighborhood, perfect for families.
      Lt32 White Oak Way, Waukesha, WI 53188
      View Details
    • $225,000

      Residential Land in Waukesha County

      A 1.38-acre residential lot ready for a custom home.
      Lt6 Cardinal Ct, Waukesha, WI 53189
      View Details
    • $5,850,000
      10,087 SF

      Waukesha Retail Learning Experience Property

      Corporate learning experience property for sale in Waukesha, Wisconsin.
      2031 Meadow Ln, Waukesha, WI 53188
      View Details
    • $339,000

      Waukesha Corner Lot Opportunity

      High-visibility corner lot with B2 zoning and traffic light access.
      Lt2 Lawnsdale Rd, Waukesha, WI 53189
      View Details

    FAQs

    What type of property is this?
    Industrial land - 18-acre industrial development site near I-94 in Waukesha.
    Where is this industrial land located?
    The property is located at 1601 E Main St Waukesha, WI.
    What are key features of this property?
    This property features: Excellent opportunity for industrial development.; Less than 2 miles from I‑94.; Parcel size of approximately 18 acres.
    (262) 389-4924 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Will Klumb
    Will Klumb
    Real Estate License ID: WI 87680-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1601 E Main St, Waukesha, WI 53186
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!