1 Runzheimer PkwyWaterford, WI 53185

For Sale
$2,640,000
Class A Office, 66,000 SF, 318 Parking Spaces

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional Class A office building, located at 1 Runzheimer Parkway in Waterford, Wisconsin, presents a compelling investment or owner-occupancy opportunity. Boasting 66,000 square feet across three stories, this 2001-built property sits on a 14.48-acre lot and offers 318 parking spaces. The building features a desirable traditional office layout with executive office suites, making it suitable for a variety of uses. Situated at the northeast corner of State Highways 36 and 164 within the Westerra Business Campus, the property enjoys high visibility and convenient access to Milwaukee, Waukesha, Racine/Kenosha, and Northern Illinois (all within a 30-minute radius). The building is offered fee simple with a NNN lease type and is currently a single tenancy. The asking price is $2,640,000 ($40/sq ft). This property is zoned Village & A1 (see attached parcel maps). A full complement of amenities is available on-site, including fitness and exercise rooms, locker rooms, a cafeteria, vending, a game room, an outdoor terrace, a pond and conservancy setting, meeting and conferencing areas, and a data center. The property's excellent condition and prime location make it an attractive investment, offering potential for interim or long-term returns, as well as opportunities for renovation, repositioning, or redevelopment at the end of the lease term. Development incentives may be available from the Village of Waterford and/or Racine County.

Highlights

  • Premier suburban, low-rise Class A office building in excellent condition.
  • Investment and owner-occupancy opportunity; suitable for whole or partial building use.
  • Renovation, repositioning, or redevelopment potential at lease expiration.
  • High-visibility location at a major highway intersection with attractive landscaping.
  • Extensive on-site amenities including fitness center, locker rooms, cafeteria, game room, outdoor terrace, and conference areas.
  • Potential for development incentives from Waterford Village and/or Racine County.

Property Details for 1 Runzheimer Pkwy

Property type
Office properties
Square Feet
66,000 SF
Class
A
Year Built
2001
Stories
3
Lot Size (sq. ft)
630,749 SF

Location Insight

City
Waterford
County
Racine
State
Wisconsin
Latitude
42.7763758
Longitude
-88.1954326
1 Runzheimer Pkwy, Waterford, Wisconsin

FAQs

What type of property is this?
Office property - Class A Office, 66,000 SF, 318 Parking Spaces
Where is the office property located?
The property is located at 1 Runzheimer Pkwy Waterford, WI.
What is the asking price?
The asking price for this property is $2,640,000.
What are key features of this property?
This property features: Premier suburban, low-rise Class A office building in excellent condition.; Investment and owner-occupancy opportunity; suitable for whole or partial building use.; Renovation, repositioning, or redevelopment potential at lease expiration.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1 Runzheimer Pkwy
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