13180-13200 Watertown Plank Rd, Elm Grove, WI 53122

Property Details for 13180-13200 Watertown Plank Rd

Lot size

0.20 lot acres

Property type

Retail properties & Spaces

Property subtype

Office Spaces

Description

This exceptional mid-century modern building, located at 13180-13200 Watertown Plank Road in Elm Grove, Wisconsin, presents a unique investment opportunity. The property boasts 6,772 square feet of space, with 6,672 square feet of net rentable area, currently vacant and available for lease or sale. The building is situated on approximately 0.54 acres and features a desirable B-1 Local Business District zoning, allowing for a variety of uses including retail, office, or service businesses. The property includes 20 parking spaces, plus ample street parking, and is conveniently located near restaurants, bars, grocery stores, banks, parks, and major highways (I-41 and I-94). The building's construction is masonry, with natural gas-fired rooftop HVAC units. The property is divided into two parcels: 13180 Watertown Plank Road (1,672 sq ft, 0.3369 acres, APN EGV1106006, 2021 taxes $2,959.67) and 13200 Watertown Plank Road (5,000 sq ft, 0.2006 acres, APN EGV1106007, 2021 taxes $5,621.64). The asking price is $1,189,000, and lease rates are negotiable, with suggested rates of $22.00/sq ft NNN for 13180 and $17.50/sq ft NNN for 13200. The property also includes a 5,000 sq ft basement and 1,000 sq ft of cold storage. High traffic counts on Watertown Plank Road (7,900-9,300 vehicles daily in 2018) further enhance its desirability. The property's proximity to the Milwaukee County Research Park and Mayfair Mall adds to its appeal. This is an excellent opportunity to own a piece of Elm Grove's history and capitalize on its prime location.

Location Insight

City

Elm Grove

County

Waukesha

State

Wisconsin

Longitude

-88.077

Latitude

43.0445