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1645 N Spring St
Beaver Dam, WI 53916
Heritage Village Mall · Retail Property 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
Heritage Village Mall is a regional mall in Beaver Dam, Wisconsin that has undergone a partial redevelopment. The existing Owners are soliciting Offers for an active investor/redeveloper to complete the full redevelopment.
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.
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
197,278 SF
Building Class
B
Year Built
1980
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
20.04 AC
Zoning
Commercial
Parking
1,360 Spaces (6.89 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 206-1214-2733-003 | Improvements Assessment | $2,311,300 |
| Land Assessment | $1,309,400 | Total Assessment | $3,620,700 |
PROPERTY TAXES
Parcel Number
206-1214-2733-003
Land Assessment
$1,309,400
Improvements Assessment
$2,311,300
Total Assessment
$3,620,700
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