1921 Shawano St New London, WI 54961
This exceptional 18,040-square-foot retail space, formerly a Piggly Wiggly, presents a remarkable opportunity in New London, Wisconsin. Situated on a 2.71-acre lot at 1921 N Shawano St, 54961, this Class B property boasts 80 parking spaces and is zoned MP-0. Built in 1990, the building is currently vacant and offers significant potential for a variety of retail uses. The property benefits from a freshly resurfaced parking lot and enjoys high visibility due to its location on the north side of New London, with convenient access to Highways 45 and 54. The surrounding area features strong demographics, with a substantial population and household income, and includes major businesses such as Walmart, Tractor Supply Co., and Walgreens, ensuring high daily traffic counts. Utilities include water, sewer, gas, and electricity. Further expansion potential exists, with the possibility of adding approximately 6,400 square feet to the north side of the building. This prime commercial location offers an excellent chance for growth and success in a thriving business district. An interior walkthrough is available online.
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
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.