For Sale
$899,000

824 Delavan DrJanesville, WI 53546

High-NOI cold storage warehouse, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This multi-tenant Janesville, Wisconsin warehouse presents a compelling investment opportunity. Located at 824 W Delavan Dr, 53546, this property offers 12,492 square feet of space, currently at 40% occupancy, generating a net operating income (NOI) of $85,800. The building features 14-foot ceilings, four loading docks, and sits on a 1.13-acre lot zoned M-2 General Industrial, allowing for a variety of uses. The existing structure includes refrigerated/cold storage space, ideal for redevelopment or continued operation as a distribution center. Outdoor storage is permitted. This property is situated within an Opportunity Zone, offering potential tax advantages. The asking price is $899,000. The property's versatile zoning and existing infrastructure make it an attractive prospect for investors seeking strong returns or owner-users looking to expand their operations. The building's metal construction ensures durability and low maintenance. This is a rare chance to acquire a well-located industrial property with significant upside potential in a thriving market.

Highlights

  • Outdoor storage permitted.
  • Currently available for sale.
  • Located in an Opportunity Zone.
  • Generating a current NOI of $85,800.

Property Details for 824 Delavan Dr

Property type
Refrigeration & cold storage, Warehouses
Square Feet
12,492 SF
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Janesville
County
Rock
State
Wisconsin
Latitude
42.6673554
Longitude
-89.0292936
824 Delavan Dr, Janesville, Wisconsin

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824 Delavan Dr
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