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237 Harrison Ave 10,310 SF 61% Leased Retail Building Waukesha, WI 53186 $1,050,000 ($101.84/SF)
Investment Highlights
- The building features a functional interior layout, including a dedicated break room and two bathrooms.
- Ample surface parking is available with 33 on-site stalls, providing convenient access for employees and customers alike.
Executive Summary
Positioned on a 0.53-acre parcel, 501 S Grand Avenue offers a versatile retail and office opportunity in Waukesha, Wisconsin. The property consists of an 11,989 SF building with flexible, divisible space options ranging from approximately 2,000 SF up to 7,672 SF, making it well-suited for owner-users, investors, or tenants seeking adaptable square footage.
The building features a functional interior layout, including a dedicated break room and two bathrooms, supporting a variety of retail or professional office uses. Ample surface parking is available with 33 on-site stalls, providing convenient access for employees and customers alike.
Offered for sale at $1,075,000, the property reflects a 7.4% cap rate and carries 2023 real estate taxes of $8,913.24 (Parcel No. WAKC1333382). For tenants, lease rates range from $7.50 to $10.00 per square foot, offering a cost-effective option in the Waukesha market.
The building features a functional interior layout, including a dedicated break room and two bathrooms, supporting a variety of retail or professional office uses. Ample surface parking is available with 33 on-site stalls, providing convenient access for employees and customers alike.
Offered for sale at $1,075,000, the property reflects a 7.4% cap rate and carries 2023 real estate taxes of $8,913.24 (Parcel No. WAKC1333382). For tenants, lease rates range from $7.50 to $10.00 per square foot, offering a cost-effective option in the Waukesha market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,310 SF
Building Class
C
Year Built
1972
Price
$1,050,000
Price Per SF
$101.84
Percent Leased
61%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.45
Lot Size
0.53 AC
Zoning
B-1 - Neighborhood Business
Parking
33 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Lease Rate $7.50 - $10.00 PSF
Lease Rate $7.50 - $10.00 PSF
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,600 SF | Office/Retail | - | 30 Days |
| 1st Floor | 4,072 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 3,600 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size |
| 4,072 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 3,600 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | 30 Days |
Lease Rate $7.50 - $10.00 PSF
1st Floor
| Size | 4,072 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Lease Rate $7.50 - $10.00 PSF
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WAKC-1333-382 | Improvements Assessment | $0 |
| Land Assessment | $44,900 | Total Assessment | $44,900 |
Property Taxes
Parcel Number
WAKC-1333-382
Land Assessment
$44,900
Improvements Assessment
$0
Total Assessment
$44,900
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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237 Harrison Ave
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