0 Nwq Of Smt Ave. & Oconomowoc Pkwy Oconomowoc, WI 53066
This exceptional commercial real estate offering presents a unique investment opportunity in the thriving city of Oconomowoc, Wisconsin. Located at the Northwest quadrant of Summit Avenue and Oconomowoc Parkway, this property boasts a total of 75,000 square feet of retail space situated on 1 to 2 acres of land. The development is strategically positioned on Highway 67, a major thoroughfare with a daily traffic count of 23,600 vehicles, providing excellent visibility and accessibility. Its proximity to I-94 and Highway 16 further enhances its strategic location. This development is part of a significant redevelopment project in Waukesha County, anchored by a Sendik's grocery store. The project also includes plans for 150 to 250 multi-family units and a future hotel site, creating a vibrant and bustling mixed-use environment. The property offers various space options, including anchor/mid-box spaces ranging from 10,000 to 50,000 square feet, restaurant outlots (1.0 to 1.5 acres), service retail spaces (1.0 to 1.5 acres), and a 2.0-acre hospitality site. This is an unparalleled chance to be part of one of Waukesha County's most prominent and recognizable redevelopments. The property is available for sale and presents a compelling investment opportunity for those seeking exposure to a high-traffic location within a rapidly growing community. The zip code is 53066.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.