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Heritage Village Mall 1645 N Spring St 197,278 SF 75% Leased Retail Building Beaver Dam, WI 53916 For Sale
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 is an American off-price department store chain founded in 1956 in Beverly, Massachusetts. The company specializes in discounted brand-name apparel, footwear, accessories, and home décor. Marshalls was acquired by TJX Companies in 1995 and operates as part of the Marmaxx division alongside T.J. Maxx. Headquartered in Framingham, Massachusetts, Marshalls has expanded across the United States and Puerto Rico, as well as into Canada. The retailer emphasizes a “treasure hunt” shopping experience, with frequently changing inventory and designer merchandise at prices generally 20–60% below traditional retailers. Marshalls is publicly traded under its parent company TJX Companies on the New York Stock Exchange (NYSE: TJX).
| 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 | $5,231,400 | |
| Land Assessment | $2,015,500 | Total Assessment | $7,246,900 |
PROPERTY TAXES
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Heritage Village Mall | 1645 N Spring St
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