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Value-Add Retail Center - High Upside 400 W 9th St N 54,500 SF 13% Leased Retail Building Online Auction Sale Ladysmith, WI 54848
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Investment Highlights
- Subject is a 54,500-square-foot retail center previously anchored by a regional grocer and occupied by three in-line retail storefronts.
- Ready for a distribution, retail, or manufacturing user and featuring two standard height loading docks with seals and vertical hydraulic dock levers.
- Value-add repurposing of the big-box space is supported by Rusk County’s Opportunity Zone and the downtown commercial corridor synergy.
- On-site features include an expansive parking lot, prominent pylon signage opportunity, and direct frontage along Highway 27.
Executive Summary
As the exclusive advisor, Coldwell Banker Commercial River Valley presents the 54,500-square-foot commercial center at 400 W 9th Street in Ladysmith’s downtown area and Opportunity Zone.
The center comprises a big-box space and 7,500 square feet of three occupied in-line retail storefronts. This offering can cater to a retail/distribution/manufacturing user looking to secure expansive commercial space with high ceilings while offsetting expenses with in-place rental income and leases with extension opportunities. An additional in-place stream of income comes from a month-to-month parking lot agreement charging $125/month. Loading capabilities are supported by two standard-height loading docks with seals and vertical hydraulic dock levelers, as well as an exterior cube van dock. The subject spaces neighbor a Tractor Supply Co. building and share multiple points of access.
Downtown Ladysmith’s commercial synergy stems from national retailers and regional centers. Walmart Supercenter, Health Mart Pharmacy, Lamperts, and Dollar General are some of the larger tenants along the corridor. US Route 8 passes through the community, offering an east-west highway across Wisconsin and leading about 39 miles west to Rice Lake. Wisconsin Highway 27 makes up the bulk of the 64-mile drive to Eau Claire. The Marshfield Medical Center, just off Highway 27, is Rusk County’s regional hospital health system.
While retailers are present in the downtown core, major employers throughout Rusk County operate in flex/industrial areas. Weather Shield Manufacturing Inc., Rockwell Automation, Artisans Inc., and BiOrigin Products are the backbone of the local industrial sector and provide significant employment.
According to CoStar analytics, residents within a 10-mile radius of the subject have an average household income of nearly $65,000 annually. Education and health services, manufacturing, trade, and transportation and utilities reflect the three largest daytime employee counts. Among consumer spending categories, transportation and maintenance are the largest, followed by food and beverages.
The center comprises a big-box space and 7,500 square feet of three occupied in-line retail storefronts. This offering can cater to a retail/distribution/manufacturing user looking to secure expansive commercial space with high ceilings while offsetting expenses with in-place rental income and leases with extension opportunities. An additional in-place stream of income comes from a month-to-month parking lot agreement charging $125/month. Loading capabilities are supported by two standard-height loading docks with seals and vertical hydraulic dock levelers, as well as an exterior cube van dock. The subject spaces neighbor a Tractor Supply Co. building and share multiple points of access.
Downtown Ladysmith’s commercial synergy stems from national retailers and regional centers. Walmart Supercenter, Health Mart Pharmacy, Lamperts, and Dollar General are some of the larger tenants along the corridor. US Route 8 passes through the community, offering an east-west highway across Wisconsin and leading about 39 miles west to Rice Lake. Wisconsin Highway 27 makes up the bulk of the 64-mile drive to Eau Claire. The Marshfield Medical Center, just off Highway 27, is Rusk County’s regional hospital health system.
While retailers are present in the downtown core, major employers throughout Rusk County operate in flex/industrial areas. Weather Shield Manufacturing Inc., Rockwell Automation, Artisans Inc., and BiOrigin Products are the backbone of the local industrial sector and provide significant employment.
According to CoStar analytics, residents within a 10-mile radius of the subject have an average household income of nearly $65,000 annually. Education and health services, manufacturing, trade, and transportation and utilities reflect the three largest daytime employee counts. Among consumer spending categories, transportation and maintenance are the largest, followed by food and beverages.
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Offering Memorandum Click Here to Access
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- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
54,500 SF
Building Class
C
Year Built
2000
Percent Leased
13%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
5.12 AC
Opportunity Zone
Yes
Parcel Number
246-02148-0000
Zoning
C - Commercial
Frontage
Amenities
- Signage
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
2,424
4,820
5,401
2020 Population
2,350
4,707
5,293
2029 Population
2,438
4,841
5,421
2024-2029 Projected Population Growth
0.6%
0.4%
0.4%
Daytime Employees
2,241
3,756
3,837
Total Businesses
352
415
437
Average Household Income
$60,823
$60,702
$61,904
Median Household Income
$48,694
$49,242
$50,033
Total Consumer Spending
$21.9M
$46.2M
$62.5M
Median Age
45.5
47.1
47.3
2024 Households
1,129
2,176
2,418
Percent College Degree or Above
13%
12%
12%
Average Home Value
$123,174
$136,252
$145,940
Sale Advisor
Sale Advisor
Cathy Fox Gundersen, Broker/ Associate
Cathy has found one of the most rewarding aspects of her real estate career to be helping individuals achieve their dreams of property ownership. Building strong relationships with those she assists in finding homes, investment properties, or businesses has been a truly amazing experience for her. Many of her clients have not only become satisfied customers but also valued friends, and Cathy looks forward to extending this positive connection to even more people in the future.
Recognizing that buying or selling a home is a deeply emotional experience, Cathy understands that each person's situation is unique. With over 20 years of real estate experience, she remains committed to continuous learning and adapting to the ever-evolving industry. Cathy emphasizes the importance of attentive listening to her clients' wants, needs, and goals throughout the entire process, offering support and guidance before, during, and after a purchase or sale.
Cathy is known for her strong negotiation skills and her dedication to ensuring that her clients' hopes and dreams are not only met but exceeded. With a comprehensive understanding of the Greater La Crosse area and its diverse range of homes, Cathy positions herself as a valuable resource for all real estate-related matters.
As a member of The Fox Team, Cathy brings her expertise to a group with a diverse set of specialties, covering everything from first-time homebuyers to investors, hunting/recreational land enthusiasts, and commercial property seekers. The team's collective knowledge ensures that, no matter the client's needs, there is someone equipped to provide personalized service and assistance. If you are in search of a dedicated real estate professional who truly cares about helping you "OWN your Dream," Cathy and The Fox Team are ready to get to know you and guide you through the real estate journey.
Recognizing that buying or selling a home is a deeply emotional experience, Cathy understands that each person's situation is unique. With over 20 years of real estate experience, she remains committed to continuous learning and adapting to the ever-evolving industry. Cathy emphasizes the importance of attentive listening to her clients' wants, needs, and goals throughout the entire process, offering support and guidance before, during, and after a purchase or sale.
Cathy is known for her strong negotiation skills and her dedication to ensuring that her clients' hopes and dreams are not only met but exceeded. With a comprehensive understanding of the Greater La Crosse area and its diverse range of homes, Cathy positions herself as a valuable resource for all real estate-related matters.
As a member of The Fox Team, Cathy brings her expertise to a group with a diverse set of specialties, covering everything from first-time homebuyers to investors, hunting/recreational land enthusiasts, and commercial property seekers. The team's collective knowledge ensures that, no matter the client's needs, there is someone equipped to provide personalized service and assistance. If you are in search of a dedicated real estate professional who truly cares about helping you "OWN your Dream," Cathy and The Fox Team are ready to get to know you and guide you through the real estate journey.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Value-Add Retail Center - High Upside | 400 W 9th St N
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Value-Add Retail Center - High Upside | 400 W 9th St N
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