Current Use by Public Records
- Lifestyle centers
Property Details for 1699 Schofield Ave
- Year built
- 1995
- Lot size
- 5.28 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 41,221 square foot shopping center in Schofield, Wisconsin, presents a compelling value-add investment opportunity. Located on a busy intersection at 1699 Schofield Ave, 54476, this multi-tenant property boasts 26 units across four one-story buildings situated on a 5.28-acre lot (APN: 281-2808-182-1077). Currently 78% occupied, the center features a mix of established tenants including Charter Media, Little Caesar's, Haven Transport, and the DC Everest School District. There are 8,272 square feet of vacant, versatile suites available, offering significant upside potential. Built in 1995 with renovations completed between 2015 and 2020, the property benefits from a recently repaved parking lot (2021) and phased roof replacements (2015, 2016, 2021). The property enjoys excellent visibility thanks to a prominent monument sign. The asking price is $5,100,000, representing a 6.49% cap rate, with a pro forma cap rate exceeding 11% upon full occupancy. This is a rare opportunity to acquire a well-located, multi-tenant retail center with substantial growth potential in a thriving Wisconsin community.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schofield
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6036
- Latitude
- 44.9099
