1921 Shawano St New London, WI 54961
- Lifestyle centers
- 18,040 SF
- 2.71 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1921 Shawano St
- Year built
- 1990
- Lot size
- 2.71 lot acres
- Property size
- 18,040 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 18,040 square foot vacant grocery store, formerly a Piggly Wiggly, is situated on a 2.71-acre lot in New London, Wisconsin, at 1921 N Shawano St, zip code 54961. The property, built in 1990 and classified as Class B, offers a fee simple ownership opportunity. Currently vacant, it boasts a freshly resurfaced parking lot and is conveniently located near major highways (45 and 54) and prominent businesses including Walmart, Tractor Supply Co., and Walgreens. The asking price is $650,000, reflecting a recent price reduction due to needed roof and HVAC repairs. The property is zoned MP-0 and has potential for a 6,400 square foot expansion. Utilities include water, sewer, gas, and electricity. High daily traffic counts and a strong local demographic profile make this a compelling investment opportunity for owner-users. While the building is well-maintained, potential buyers should factor in the necessary roof and HVAC system upgrades. An Aldi is opening across the street, further enhancing the location's appeal. This is a prime retail space with significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New London
- County
- Waupaca
- State
- Wisconsin
- Longitude
- -88.7435
- Latitude
- 44.4127
