Convenience Retail Strip
For Sale
Contact for pricing
5-15 N Bird Street, Sun Prairie, WI 53590
Commercially zoned strip center with convenience-oriented retail space at a signalized intersection.
Property Size12,765 SF
Price / SF$123.38
Days on Market61
Property Features for 5-15 N Bird Street
General Information
Standard status
Active
Size
12,765 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
74%
Investment Type
Value Add
Net Operating Income
$118,189
Additional Details
Traffic Count
19,580 vehicles/day
Building Details
Year Built
1976
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Cleveland
Listed By:
Scott Wiles · License #OH 2005013197
(216) 264-2000
Source:
Crexi
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 16 at 6:16AM
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 - Cleveland
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Investment Insights
Based on property information with market context.
Bird Street Plaza is a 12,765-square-foot convenience retail strip center constructed in 1976. The property is 74% occupied and carries Commercial zoning, offering an established retail configuration for continued commercial use.
The center is positioned at a signalized intersection with reported traffic of 19,580 vehicles per day. Located at 5-15 N Bird Street in Sun Prairie, Wisconsin, the property provides a visible retail setting within the local market.
The center is positioned at a signalized intersection with reported traffic of 19,580 vehicles per day. Located at 5-15 N Bird Street in Sun Prairie, Wisconsin, the property provides a visible retail setting within the local market.
Key Highlights
- 12,765 SF convenience retail strip center
- 74% occupied
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,372
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,447,440
$2.4M
Cap Rate 7%
$1,748,171
$1.7M
Cap Rate 9%
$1,359,689
$1.4M
Market Conditions
NOI Build-Up for 12,765 SF
Gross rent
$191.5K $15.00/SF
− Vacancy
−$16.7K −$1.31/SF
EGI
$174.8K $13.70/SF
− OpEx
−$52.4K −$4.11/SF
NOI
$122.4K $9.59/SF
Area
Dane County, WI
Vacancy
8.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,447,440
Cap Rate 7%
$1,748,171
Cap Rate 9%
$1,359,689
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.04M
NOI $122,372 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,642 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
19,580 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 40%
Home Improvements & Furnishings 5%
Kwik Trip
Shops & Services
31,882 visits/mo
0.4 miles
McDonald's
Dining
25,347 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,696 visits/mo
0.4 miles
Wendy's
Dining
10,847 visits/mo
0.1 miles
Burger King
Dining
7,939 visits/mo
0.4 miles
Demographics for 53590, WI
43,684
Population
18,292
Households
2.4
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
65.9 sq mi
ZIP Area
663
Density / Sq Mi
$96,497
Median Household Income
$57,711
Median Earnings
$1,375
Median Rent
$354,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Commercially zoned strip center with convenience-oriented retail space at a signalized intersection.
Where is this strip mall located?
The property is located at 5-15 N Bird Street Sun Prairie, WI.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 12,765 SF convenience retail strip center; 74% occupied; Commercial zoning
