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Heritage Village Mall 1645 N Spring St 197,278 SF 75% Leased Retail Building Beaver Dam, WI 53916 $9,800,000 ($49.68/SF)
Investment Highlights
- Partially completed regional mall redevelopment anchored by Ross, Marshall's, Five Below, Staples, Shoe Sensation and Dunham's
- Development opportunity includes a 14,250 sf JoAnn vacancy, a 25,000 interior area and potential parking lot development.
- Property is located within TIF District #8, open for 8 additional years.
Executive Summary
Existing national credit retailers include, Marshall’s, Ross Dress For Less, Five Below, Staples, Dunham’s, Shoe Sensation and Harbor Freight.
Development opportunities include re-leasing a former 14,250 sf JoAnn premise, redeveloping the approximate 25,000 sf interior atrium portion and creating new development on an underused parking field.
• 75% completed mall redevelopment.
• Current gross income of $1,183,737
• 2024 Actual Expenses of $283,892
• One in-line 14,250 sf vacancy of a former JoAnn and a roughly 25,000 sf interior atrium in need of rehabilitation for new tenant(s).
• Some deferred maintenance of parking lot and roof areas above interior mall. PCR can be provided.
• Flexible Commercial Zoning.
The Property is currently in Tax Incremental Finance District No. 8, which has 8 more remaining years of life.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Marshalls began in 1956 when Alfred Marshall opened a self-service store in Beverly, Massachusetts, offering discounted apparel and homewares. The company pioneered the off-price retail model by selling branded overstock at reduced prices. In 1995, Marshalls joined TJX Companies, expanding its national footprint while maintaining its value-focused identity. Today, the retailer operates numerous stores across the United States, providing constantly changing inventories of clothing, accessories, and home decor to a broad customer base seeking affordable branded merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in Enclosed mall to Power Center.
- 1st Floor
- 14,900 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000-5,000 SF | Retail | In-Line | Now |
| 1st Floor | 14,900 SF | Retail | - | Now |
1st Floor
| Size |
| 3,000-5,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 14,900 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 3,000-5,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Located in Enclosed mall to Power Center.
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,583,300 | |
| Land Assessment | $2,015,500 | Total Assessment | $8,598,800 |
Property Taxes
Presented by
Heritage Village Mall | 1645 N Spring St
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