1410 Newman RdMount Pleasant, WI 53406

Property Details for 1410 Newman Rd

Lot size

2.02 AC

Property type

Office properties

Property subtype

Office buildings

APN

151 032212055030

APU

151032212055030

Description

This exceptional Class A office building, totaling 17,264 square feet, is available for sale. Located at 1410 N Newman Rd, Mount Pleasant, WI 53406, this vacant, single-tenant property offers a unique opportunity for owner-users. Built in 2003 and completely renovated in 2020, the three-story building boasts high-quality finishes and modern floor plans. The first floor features 6,125 square feet with an open layout, a large break area, and access to an outdoor patio overlooking a scenic pond. The second floor offers 5,820 square feet with an open plan and a separate conference room. The third floor, encompassing 5,319 square feet, includes a large open meeting room and an executive conference room, highlighted by a vaulted ceiling with stained glass, exposed timber beams, and a fireplace. Amenities include a three-stop elevator and a wet sprinkler system. The 2.018-acre lot provides ample parking with 117 spaces. The property is zoned C-2 and presents a compelling investment opportunity in a thriving area of Mount Pleasant, Racine County. The asking price is $3,300,000 ($191.15/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $15,887,820

  6.5%

  $14,665,680

  7%

  $13,618,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,933,126

  Geo Method

  $11,460,828

• Alternative Use

  Use

  Valuation

  Residential

  $18,185,442

  Hospitality

  $16,657,768

  Educational

  $13,859,067

  Medical

  $14,335,702

  Retail

  $21,558,548

Location Insight

City

Mount Pleasant

County

Racine

State

Wisconsin

Latitude

42.7387

Longitude

-87.8478

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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