300 Wolf River PlzNew London, WI 54961

Property Details for 300 Wolf River Plz

Lot size

0.45 AC

Property type

Commercial real estate

APN

33 12 71 37

APU

33127137

Description

Wolf River Plaza, a 52,290 square foot Class C shopping center in New London, Wisconsin, presents a compelling value-add and owner-user opportunity. This multi-tenant property, built in 1979 and renovated in 2019, consists of two single-story buildings situated on a B-1 Central Business District zoned lot. Currently operating under net leases, the property offers significant upside potential through re-tenanting and repositioning of vacant spaces and near-term lease rollovers. The property benefits from its location in the heart of downtown New London, shadow-anchored by Festival Foods, ensuring a strong consumer draw. Its convenient access to Highways 45 and 54 (Fairview Drive) further enhances its appeal. The substantial parking caters to both tenants and customers. The property's flexible zoning allows for a multitude of uses, and the possibility of parcelization for future dispositions provides additional investment flexibility. Nearby employers, including Tyson Foods and Amcor Packaging, contribute to a robust local economy. The asking price is $1,200,000, translating to $35 per square foot. This presents a rare chance to acquire a well-located retail property with considerable growth potential in a thriving Wisconsin community.

• Alternative Use

  Use

  Valuation

  Residential

  $4,069,202

  Hospitality

  $3,727,368

  Educational

  $3,101,126

  Medical

  $3,207,778

  Retail

  $4,823,974

Location Insight

City

New London

County

Waupaca

State

Wisconsin

Latitude

44.3946

Longitude

-88.7434

Property Tax & Assessments

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