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1501 Creston Park Dr 65,138 SF Retail Building Janesville, WI 53545 $5,250,000 ($80.60/SF)

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INVESTMENT HIGHLIGHTS

  • Multiple Docks
  • Multiple Access Points
  • (2) Pylon Signs On Milton Ave
  • Brick & Masonry Exterior

EXECUTIVE SUMMARY

65,138 square foot Schnucks Grocery Store. Several access points on Creston Park, Newman, and Randall streets. Large pylon signs are located on Milton Avenue Located among many national restaurants, retailers, and residential neighborhoods. Traffic counts on Milton Avenue are 22,600 (per WISDOT). Property is zoned B2 Community Shopping. Per City of Janesville. Current rent per year is $667,664.00 until May 2027.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
65,138 SF
Building Class
B
Year Built/Renovated
1958/1996
Price
$5,250,000
Price Per SF
$80.60
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.51
Lot Size
2.96 AC
Zoning
B2 - Neighborhood Business-Arterial District
Frontage
326’ on Creston Park Dr

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 32,569-65,138 SF
  • Retail
  • Outparcel
  • Now

Positioned in the heart of Janesville’s thriving retail corridor, this former Schnucks grocery box offers a prime opportunity for large-format retail users seeking visibility, access, and co-tenancy strength. The ±65,138 SF building features a brick and masonry exterior, multiple dock doors, and prominent dual pylon signage along Milton Avenue, which sees over 22,600 vehicles per day per WISDOT. Zoned B2 Community Shopping, the site is ideal for a wide range of retail uses. The property benefits from multiple access points via Creston Park Drive, Newman Street, and Randall Avenue, ensuring smooth ingress and egress for customers and deliveries. Its location within the Creston Park Mall area places it among a dense mix of national brands including CVS, Walgreens, Planet Fitness, McDonald’s, Wendy’s, Taco Bell, and OfficeMax, as well as medical users like DaVita and Fresenius. This synergy creates a dynamic retail environment with strong consumer draw. Surrounding the site is a robust mix of residential neighborhoods and regional shopping destinations such as Target, Walmart, Sam’s Club, Hobby Lobby, and ALDI, enhancing the property's appeal to both daily needs and destination shoppers. The area’s demographic strength and traffic volume make this a compelling location for grocers, fitness operators, discount retailers, or specialty concepts looking to capitalize on Janesville’s retail momentum.

Space Size Space Use Position Available
1st Floor 32,569-65,138 SF Retail Outparcel Now

1st Floor

Size
32,569-65,138 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 32,569-65,138 SF
Space Use Retail
Position Outparcel
Available Now

Positioned in the heart of Janesville’s thriving retail corridor, this former Schnucks grocery box offers a prime opportunity for large-format retail users seeking visibility, access, and co-tenancy strength. The ±65,138 SF building features a brick and masonry exterior, multiple dock doors, and prominent dual pylon signage along Milton Avenue, which sees over 22,600 vehicles per day per WISDOT. Zoned B2 Community Shopping, the site is ideal for a wide range of retail uses. The property benefits from multiple access points via Creston Park Drive, Newman Street, and Randall Avenue, ensuring smooth ingress and egress for customers and deliveries. Its location within the Creston Park Mall area places it among a dense mix of national brands including CVS, Walgreens, Planet Fitness, McDonald’s, Wendy’s, Taco Bell, and OfficeMax, as well as medical users like DaVita and Fresenius. This synergy creates a dynamic retail environment with strong consumer draw. Surrounding the site is a robust mix of residential neighborhoods and regional shopping destinations such as Target, Walmart, Sam’s Club, Hobby Lobby, and ALDI, enhancing the property's appeal to both daily needs and destination shoppers. The area’s demographic strength and traffic volume make this a compelling location for grocers, fitness operators, discount retailers, or specialty concepts looking to capitalize on Janesville’s retail momentum.

Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

BMO
Planet Fitness
Denny's
Weight Watchers
Starbucks
First Mid Bank
U.S. Bank
Old National Bank
Educators Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
021-9400301
Land Assessment
$665,100
Improvements Assessment
$5,364,400
Total Assessment
$6,029,500
  • Listing ID: 38670601

  • Date on Market: 12/5/2025

  • Last Updated:

  • Address: 1501 Creston Park Dr, Janesville, WI 53545

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