For Sale
$649,000

1065 Racine RdMenasha, WI 54952

High-yield retail investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 11,500 square foot shopping center, located at 1065 Racine Rd in Menasha, Wisconsin, presents a compelling investment opportunity. Built in 1982 and extensively renovated between 2019 and 2020, the property boasts a Class B designation and sits on a 1.46-acre lot. Currently operating at 100% occupancy with seven units, the center generates a substantial Net Operating Income (NOI) of $66,047, yielding a strong 10.18% cap rate. The asking price is $649,000, translating to $56.43 per square foot. The property is zoned B-3 and benefits from excellent visibility and traffic counts due to its convenient location off Highway 441. This owner-user investment is a rare find, offering immediate cash flow and significant potential for future growth. The single-story building provides ample space for a variety of retail businesses. This is a turn-key operation ready for a new owner to step in and continue the success. Don't miss this chance to acquire a highly profitable retail property in a thriving Wisconsin market.

Highlights

  • $649,000 asking price for this 11,500 SF shopping center.
  • 10.18% cap rate with a $66,047 NOI.
  • 100% occupancy across seven units.
  • Located at 1065 Racine Rd, Menasha, WI 54952, on a 1.46-acre lot.
  • B-3 zoning, single-story building (11,500 rentable sq ft), built in 1982 and renovated in 2019-2020.
  • $56.43 price per square foot.

Property Details for 1065 Racine Rd

Property type
Lifestyle centers, Power centers
Square Feet
11,500 SF
Class
B
Year Built/Renovated
1982/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
63,598 SF
Units
7

Location Insight

City
Menasha
County
Winnebago
State
Wisconsin
Latitude
44.218734149779
Longitude
-88.443621407914
1065 Racine Rd, Menasha, Wisconsin

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1065 Racine Rd
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