333 Prospect Ave North Fond Du Lac, WI 54937-1466
Property profile & analytics
333 Prospect Ave North Fond Du Lac, WI 54937-1466
- Commercial real estate
- 9,020 SF
- 1.27 lot acres
Property ID
US92-0069802
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 333 Prospect Ave
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 1.27 lot acres
- Property size
- 9,020 SF
- Property type
- Commercial real estate
- APN
- V05-15-17-04-07-002-00
- APU
- V051517040700200
Description
This exceptional investment opportunity features a 9,014 square foot Dollar General store situated on a 1.27-acre lot in North Fond du Lac, Wisconsin. The property boasts a strong 8.00% cap rate and a substantial Net Lease (NN+) with a credit-rated corporate guarantor. The current lease, commenced November 1, 2004, has a remaining term of approximately 5.9 years, extending to October 31, 2030. The lease includes 10% rent bumps in each option period. The asking price is $760,813, translating to $84.40 per square foot. Built in 2004, this location benefits from a recently redone parking lot and enjoys high visibility on Prospect Avenue, a road with over 7,500 vehicles per day. The property's strategic location is proximate to major retailers including Walmart, Target, and numerous restaurants and services, and is conveniently located near I-41, a freeway with 47,000 vehicles daily. The property is also adjacent to a 293-unit manufactured home community and a newly constructed 62-unit apartment complex. The strong tenant history, coupled with the favorable lease terms and prime location, makes this a compelling investment opportunity with significant long-term potential. The property's Net Operating Income (NOI) is $60,865. Fond du Lac's robust economy, anchored by Mercury Marine and its supporting industries, further enhances the investment's attractiveness.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $516,000
- AI Estimate
- $490,000
Market price range: $375k - $1.19MMarket price range: $347k - $1.08M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $715,000 Current use
- RETAIL STORES
- $790,000 Change: +10% Conversion: Easy
- OFFICE BUILDING
- $705,000 Change: -1% Conversion: Easy
- WAREHOUSE, STORAGE
- $655,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Fond Du Lac
- County
- Fond Du Lac
- State
- Wisconsin
- Longitude
- -88.4798
- Latitude
- 43.802
- CBSA code
- 22540
- CBSA name
- FOND DU LAC, WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,179
$106,800
$318,700
$425,500
-
$113,729
$339,377
$453,106
