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    1921 Shawano St New London, WI 54961

    Sponsored
    For Lease
    Contact for pricing

    18,040 SF Grocery Store, High Traffic

    Lot size:
    18,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18,040-square-foot retail space, formerly a Piggly Wiggly, presents a remarkable opportunity in New London, Wisconsin. Situated on a 2.71-acre lot at 1921 N Shawano St, 54961, this Class B property boasts 80 parking spaces and is zoned MP-0. Built in 1990, the building is currently vacant and offers significant potential for a variety of retail uses. The property benefits from a freshly resurfaced parking lot and enjoys high visibility due to its location on the north side of New London, with convenient access to Highways 45 and 54. The surrounding area features strong demographics, with a substantial population and household income, and includes major businesses such as Walmart, Tractor Supply Co., and Walgreens, ensuring high daily traffic counts. Utilities include water, sewer, gas, and electricity. Further expansion potential exists, with the possibility of adding approximately 6,400 square feet to the north side of the building. This prime commercial location offers an excellent chance for growth and success in a thriving business district. An interior walkthrough is available online.

    Property Features for 1921 Shawano St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,040 SF
    Class
    B

    Building Details

    Year Built
    1990
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    18,040 SF

    HighLights

    • Immaculately maintained building.
    • Ample parking with newly resurfaced lot.
    • Convenient access to Highways 45 and 54.
    • Prime North New London location.
    • 6,400 SF potential for building expansion on the north side.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    Waupaca
    State
    Wisconsin
    Longitude
    -88.741765
    Latitude
    44.4133774

    Nearby Comparable

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    Nearby Similar for Lease

    • $8 SF/Yr
      3,600 SF

      Prime Retail Space Available

      Retail spaces for lease in downtown New London, Wisconsin.
      300-318 Wolf Riv Pl, New London, WI
      View Details
    • $8 SF/Yr
      1,481 SF

      Prime Retail Space Available

      Retail spaces for lease in downtown New London, WI.
      300-308 Wolf River Plz, New London, WI 54961
      View Details
    • Contact for pricing
      11,169 SF

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      New London Retail Center - High Visibility
      406 Wolf River Plz, New London, WI 54961
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      18,000 SF

      18,000 SF Industrial Building

      New London, WI: Manufacturing/Warehouse
      1923 Shawano St, New London, WI 54961
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 18,040 SF Grocery Store, High Traffic
    Where is this individual retail property located?
    The property is located at 1921 Shawano St New London, WI.
    What are key features of this property?
    This property features: Immaculately maintained building.; Ample parking with newly resurfaced lot.; Convenient access to Highways 45 and 54.
    Request Owner's contact information
    1921 Shawano St New London, WI 54961
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    New London, WI 54961
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    Realmo Value Estimation

    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.

    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.

    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
    1921 Shawano St New London, WI 54961
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