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    501-509 Verona Ave Verona, WI 53593

    For Lease
    $18 SF/Yr

    Verona, WI retail space available.

    Lot size:
    15,343 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity is located in the vibrant Sugar Creek Commons development in Verona, Wisconsin. The single-story, 15,343 square foot building, constructed in 2022, offers multiple spaces for lease, ranging from a minimum of 2,083 square feet to a maximum contiguous space of 4,225 square feet. Currently, the entire 15,343 square feet is vacant, presenting a unique chance to establish a flagship location or create a multi-tenant retail environment. The property boasts 153 parking spaces for ample customer convenience. Situated on a 3.35 to 3.46-acre lot in Dane County, the development benefits from its location within Verona's New Downtown Overlay District, providing excellent visibility and accessibility. A key advantage is the proximity to Epic Health Systems, one of Dane County's largest employers, and the Verona High School with over 1,600 students. Further enhancing the property's appeal is the presence of 141 existing market-rate multifamily units above the commercial space, with an additional 143 units under construction, projected to open in Spring 2024, creating a built-in customer base. The development also features a landscaped pedestrian plaza with modern glass overhead doors, ideal for creating an indoor/outdoor dining experience. This prime location in a growing market presents a compelling investment opportunity for discerning businesses. The property's address is 501-509 W Verona Ave, Verona, WI 53593.

    Property Features for 501-509 Verona Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,343 SF
    Total Rate
    23014.5

    Building Details

    Year Built
    2022
    Stories
    12

    Unit(s) available at that property

    Space
    Available 1
    Size
    3,167 SF
    Rate per SF
    $22
    Space
    Available 4
    Size
    2,468 SF
    Rate per SF
    $22
    Space
    Available 5
    Size
    3,400 SF
    Rate per SF
    $22

    HighLights

    • Brand new construction.
    • Excellent location.
    • Up to 12,176 square feet of retail space available.
    • Building signage opportunities available.
    • Building B: 68 units, four stories, 23,018 square foot building footprint, 109,342 square feet gross floor area, 13,780 square feet of commercial space, 96 surface parking spaces, and 68 underground parking spaces.
    • Building C: 75 units, four stories, 30,560 square foot building footprint, 130,945 square feet gross floor area, 11,890 square feet of commercial space, 57 surface parking spaces, and 75 underground parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5412022
    Latitude
    42.9886998

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    FAQs

    What type of property is this?
    Retail property - Verona, WI retail space available.
    Where is this retail property located?
    The property is located at 501-509 Verona Ave Verona, WI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Brand new construction.; Excellent location.; Up to 12,176 square feet of retail space available.
    Request Owner's contact information
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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
    501-509 Verona Ave Verona, WI 53593
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