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    n89w16899 Appleton Ave Menomonee Falls, WI 53051

    For Lease
    $12 SF/Yr

    Menomonee Falls retail center, 17,886 SF available

    Lot size:
    29,748 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Colonial Plaza, located at n89w16899 Appleton Ave, Menomonee Falls, WI 53051, presents a unique retail opportunity. This single-story, 29,748 square foot shopping center, built in 1960 and extensively renovated in 2013, sits on a 3.98-acre lot and is zoned C-2. Currently, 17,886 square feet of contiguous space is available for lease. This space, previously a health club, underwent a complete renovation in 2014, including new electrical and plumbing systems, sprinklers, flooring, improved ingress/egress, updated interior and exterior lighting, a new roof, and a loading dock at the rear. Ceiling heights range from 10 to 13 feet, and additional basement storage is available. The property features a single building with no elevators. Property taxes are $2.30 per square foot. The minimum divisible space is 17,886 square feet, which is also the maximum contiguous space available. The APN is MNFV-0011-065-008. This prime Menomonee Falls location offers exceptional visibility and accessibility.

    Property Features for n89w16899 Appleton Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,748 SF
    Total Rate
    29748

    Building Details

    Year Built/Renovated
    1960/2013
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Former Planet Fitness
    Size
    17,886 SF
    Rate per SF
    $12

    HighLights

    • Excellent location between two strong retail nodes on Appleton Avenue.
    • South node offers local amenities including grocery, drug, and fast food.
    • North node features major national retailers like Target, Walmart, Menards, Home Depot, and Kohl's, drawing regional traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Fitness Gym

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Menomonee Falls
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1201808
    Latitude
    43.1806283

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    FAQs

    What type of property is this?
    Lifestyle center - Menomonee Falls retail center, 17,886 SF available
    Where is this lifestyle center located?
    The property is located at n89w16899 Appleton Ave Menomonee Falls, WI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Excellent location between two strong retail nodes on Appleton Avenue.; South node offers local amenities including grocery, drug, and fast food.; North node features major national retailers like Target, Walmart, Menards, Home Depot, and Kohl's, drawing regional traffic.
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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
    n89w16899 Appleton Ave Menomonee Falls, WI 53051
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