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    10005 Northwestern Ave Lannon, WI 53046

    For Sale
    $1,200,000

    12,000 SF Bank Building - Vacant

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property, located at 10005 Northwestern Avenue in Caledonia, Wisconsin, presents a unique investment opportunity. The 12,000 square foot building sits on a 2.47-acre lot and is zoned B-3 Commercial Service District, offering considerable flexibility for a variety of uses. Built in 1974, this two-story structure previously served as a retail bank branch and office, featuring convenient drive-thru lanes. Currently vacant, the property is available for sale at $1,200,000. Its strategic location provides easy access to major transportation routes, with approximately a five-minute drive to I-41 ramps. The property's size and zoning make it ideal for an owner-user seeking a prominent location to establish their business. The ample lot size offers significant potential for expansion or additional development. The property's history as a bank branch provides a solid foundation for a variety of commercial ventures. The property's address is 10005 Northwestern Avenue, Caledonia, WI 53046, with the APN number 104-042233092010. This is a rare opportunity to acquire a substantial commercial property in a desirable location with excellent access to transportation networks. The lease type is modified.

    Property Features for 10005 Northwestern Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,000 SF
    Lot Size
    107,593 SF

    Building Details

    Year Built
    1974
    Stories
    2

    HighLights

    • Free‑standing building.
    • Five‑minute drive to I‑41 interchanges.
    • Existing drive‑thru capabilities.
    • Excellent owner‑user opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Lannon
    County
    Racine
    State
    Wisconsin
    Longitude
    -88.1559741
    Latitude
    43.1526415

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    FAQs

    What type of property is this?
    Individual retail property - 12,000 SF Bank Building - Vacant
    Where is this individual retail property located?
    The property is located at 10005 Northwestern Ave Lannon, WI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Free-standing building.; Five-minute drive to I-41 interchanges.; Existing drive-thru capabilities.
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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
    10005 Northwestern Ave Lannon, WI 53046
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