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2245 E Decorah Rd 22.85 - 84 Acre Residential Land Lots Offered at $1,600,000 - $2,706,000 Per Lot in West Bend, WI 53095
INVESTMENT HIGHLIGHTS
- Housing pricing exceeds $450,000 per new home in the area. Phase 1, 100 lots at $20,500 each (blended). Call for pricing on finished lots.
- Plans entering PSP and full CSP, modification to layout and lot sizing is possible now. Water and sewer with no current capacity limitations.
- Immediately neighboring to the north, Kaerek Homes has sold homes for a median of $559,000 in their Creekside Subdivision.
- North of Milwaukee by 35 minutes (38 miles). Less than 1.5 miles from US45 (Average Daily Traffic 33,000 cars). Many National retailers are 1 mile SW.
- The Site is annexed into the city of West Bend and in the process of being rezoned to RS4 allowing for a minimum lot size of 60’ x 120’.
- Washington County Median Sales Price is $467,450 and Days-on-Market (DOM) of 115 days. West Bend $480,983, 91.5 DOM. Built after 2023. -Wis. Realtors
EXECUTIVE SUMMARY
PROPERTY FACTS
3 LOTS AVAILABLE
Lot 1-100
| Price | $2,050,000 | Lot Size | 70.00 AC |
| Price Per AC | $29,285.71 |
| Price | $2,050,000 |
| Price Per AC | $29,285.71 |
| Lot Size | 70.00 AC |
Phase 1-"Magnolia Ridge"-100 Paper Lots (Call for Finished lots). RS4 Zoning - Singe Family, Duplex, Town-home.
Lot 1-79
| Price | $1,600,000 | Lot Size | 22.85 AC |
| Price Per AC | $70,021.88 |
| Price | $1,600,000 |
| Price Per AC | $70,021.88 |
| Lot Size | 22.85 AC |
Phase 2-"West Bend Estates"-79 Paper Lots (Call for Finished lots). City is open to Senior Housing or/and Multifamily. Call to discuss. Current RS4 Zoning - Singe Family, Duplex, Town-home.
Lot 1-132
| Price | $2,706,000 | Lot Size | 84.00 AC |
| Price Per AC | $32,214.29 |
| Price | $2,706,000 |
| Price Per AC | $32,214.29 |
| Lot Size | 84.00 AC |
Phase 3-"Norland Heights"-132 Paper Lots (Call for Finished lots). RS4 Zoning - Singe Family, Duplex, Town-home.
DESCRIPTION
Total 311 paper lots for homesites (single/duplex/townhouse). Finished lots available as needed. The housing market remains tight with newly built homes (post-2023) showing a median of 91.5 days on market citywide and 115 days countywide. These homes have median prices of $480,983 in the city and $467,450 in Washington County. Nearby area schools are rated between A- and B+. The city is actively working to increase density allowances for more affordable housing, and ownership plans to pursue these opportunities once they become available. Wisconsin is projected to create 82,867 new jobs with growth of 2.47% across all industries between 2023 and 2025. The state's unemployment rate was 2.9% in May 2024, more than a full percentage point below the national rate of 4.0%.
Presented by
Green Star Capital
2245 E Decorah Rd
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