Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1519 Metro Dr Schofield, WI 54476

    For Sale
    $5,100,000

    Prime retail center, high NOI, strong tenant mix.

    Property size:
    41,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 41,221 square foot shopping center, located at 1519 & 1521 Metro Dr (aka 1699 Schofield Ave.) in Schofield, Wisconsin, presents a compelling investment opportunity. Built in 1995 and extensively renovated between 2015 and 2020, the property boasts four buildings situated on over five prime acres in a high-traffic area. Currently operating at 70% occupancy, the center generates a net operating income exceeding $325,000, representing a 7.35% capitalization rate. A strong tenant roster includes Charter Media, Haven Transport, Little Caesar's, and the D.C. Everest School District, providing a stable income stream. Vacant suites of varying sizes offer significant upside potential, allowing for increased occupancy and a projected pro forma cap rate exceeding 11%. The property's prime corner lot location within Schofield's busiest section further enhances its desirability. The property's APN is 281-2808-182-1077. The asking price is $5,100,000, with a price per square foot of $123.72. This modified-lease, multi-tenancy retail property offers a rare blend of established income and growth potential.

    Property Features for 1519 Metro Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    41,221 SF

    Building Details

    Year Built/Renovated
    1995/2015
    Buildings
    4

    HighLights

    • $5,100,000 asking price for this 41,221 square foot retail shopping center.
    • Located at 1519 & 1521 Metro Dr (aka 1699 Schofield Ave.), Schofield, WI 54476.
    • Features four buildings on a prime corner lot in a busy section of Schofield, Wisconsin.
    • 70% occupancy with a 7.35% cap rate; pro forma cap rate exceeds 11% at full occupancy.
    • Built in 1995 with renovations between 2015 and 2020; over $325,000 Net Operating Income (NOI).
    • Multi‑tenant property with a mix of long‑term tenants including Charter Media, Haven Transport, Little Caesar's, and the D.C. Everest School District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Schofield
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.60316693171
    Latitude
    44.909215541008

    Nearby Similar for Sale

    • $1,650,000
      16,800 SF

      Schofield Flex Space For Sale

      Flex space and industrial property in Schofield, Wisconsin available for purchase.
      1424 Schofield Ave, Schofield, WI 54476
      View Details
    • $374,500

      Schofield Multifamily Property with Income Potential

      Five-unit rental property with house and garage, excellent income opportunity.
      1462 Grand Ave, Schofield, WI 54476
      View Details
    • $449,000
      7,389 SF

      Schofield Commercial Property For Sale

      Commercial property in Schofield, WI, suitable for bar or restaurant.
      320 Ross Ave, Schofield, WI 54476
      View Details
    • Contact for pricing
      1,207 SF

      Schofield Warehouse Space for Lease

      Warehouse space for lease with included utilities and shared amenities.
      239 Ross Ave, Schofield, WI 54476
      View Details
    • Contact for pricing
      129 SF

      Schofield Office Space For Lease

      Single office space with utilities included in Schofield, Wisconsin.
      219 Ross Ave, Schofield, WI 54476
      View Details
    • $5,100,000
      41,221 SF

      Schofield Commercial Corner Property

      High-traffic location, excellent visibility.
      1519 Metro Dr, Schofield, WI 54476
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime retail center, high NOI, strong tenant mix.
    Where is this lifestyle center located?
    The property is located at 1519 Metro Dr Schofield, WI.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: $5,100,000 asking price for this 41,221 square foot retail shopping center.; Located at 1519 & 1521 Metro Dr (aka 1699 Schofield Ave.), Schofield, WI 54476.; Features four buildings on a prime corner lot in a busy section of Schofield, Wisconsin.
    Request Owner's contact information
    1519 Metro Dr Schofield, WI 54476
    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.
    1519 Metro Dr
    Schofield, WI 54476
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1519 Metro Dr Schofield, WI 54476
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.