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532 Williams Rd
Genoa City, WI 53128
Genoa Business Center · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Truck Terminal | Clear Ceiling Height | 29’ |
| Building Class | B | No. Dock-High Doors/Loading | 8 |
| Lot Size | 4.64 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 50,000 SF | Cross Streets | Wild Rose Rd |
| No. Stories | 1 |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | B |
| Lot Size | 4.64 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Parking Ratio | 2.08/1,000 SF |
| Clear Ceiling Height | 29’ |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 2 |
| Cross Streets | Wild Rose Rd |
AMENITIES
- Signage
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
ABOUT 532 WILLIAMS RD , GENOA CITY, WI 53128
Marcus & Millichap is pleased to present to the investment market an excellent two-tenant industrial property in Genoa City, Wisconsin. The Genoa Business Center is a 50,000 square foot, pre-cast multi-tenant facility, located on a 4.64 acre parcel in the far southwest suburban area of Milwaukee and Kenosha, virtually on the border with Illinois. It is recognized by CoStar as being in the East Walworth County industrial submarket of Milwaukee with nearly 5 million square feet of industrial product. This submarket is performing very well with only a 5.70% warehouse vacancy over the nearly 150 buildings in the submarket. Built in 1999, the facility has been professionally maintained and is in very good condition with no deferred maintenance. It is currently occupied by two tenants that have leases that extend into 2021. Genoa City is located 40 miles southwest of Milwaukee, Wisconsin, and 25 miles directly due west of Lake Michigan. Chicago is only 55 miles away to the southeast with the enormous suburban sprawl of Chicago coming right to and including the immediate area of the subject property. Genoa City is identified in the Milwaukee Industrial/East Walworth County submarket by CoStar. Currently the East Walworth County submarket where the subject property is located is performing very well with strong stability of the real estate. This submarket has nearly 5,000,000 square feet of industrial space in 157 identified buildings with a vacancy of just 5.50%. Directly across the border, the McHenry County submarket is identified through CoStar as an industrial submarket for greater Chicago, so the industrial markets of these two large cities are essentially combined.
PROPERTY TAXES
| Parcel Number | TCR00001 | Improvements Assessment | $2,295,800 |
| Land Assessment | $171,500 | Total Assessment | $2,467,300 |
PROPERTY TAXES
