501 Grand AveWaukesha, WI 53186

Property Details for 501 Grand Ave

Year built

1972

Lot size

0.40 AC

Property size (Sq ft)

10,349 SF

Zone code

B-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

WAKC1333383

APU

WAKC1333383

Description

This exceptional executive office space, located at 501 S Grand Avenue in Waukesha, Wisconsin, presents a compelling investment opportunity. The property, identified by APN WAKC1333382, encompasses a total of 11,989 square feet within a single-tenant building. Currently, 2,000 square feet of office space is available for immediate occupancy. The building sits on a 0.53-acre lot and offers ample parking with 33 spaces. The property's classification includes both retail and office uses, making it versatile and adaptable to a range of business needs. Situated in Waukesha County, Wisconsin, with a convenient Waukesha address and zip code 53186, this location offers excellent accessibility and visibility. The property is being offered for sale and represents a chance to acquire a well-maintained building in a desirable location. The existing tenant provides a stable income stream, while the vacant space presents potential for expansion or leasing to additional tenants. This is an ideal opportunity for investors seeking a strong return on investment in a thriving Wisconsin market. The property's size and amenities make it suitable for a variety of businesses seeking a prominent presence in Waukesha. Detailed information regarding the property's financial performance and lease terms is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,180,290

  6.5%

  $2,012,570

  7%

  $1,868,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,092,690

  Geo Method

  $1,401,880

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,971,640

  Mixed-Use / Specialty

  $1,986,430

  Hospitality / Lodging

  $1,432,690

  Office

  $1,954,880

  Institutional / Educational

  $2,058,310

  Residential Income

  $2,408,220

  Multifamily

  $2,993,430

  Automotive / Energy

  $1,764,270

  Parking / Income-Based Land

  $627,564

  Restaurant / Food Service

  $992,686

  Healthcare / Senior Housing

  $2,056,500

Location Insight

City

Waukesha

County

Waukesha

State

Wisconsin

Latitude

42.9976

Longitude

-88.2316

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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