Auction Information
Online Bidding SiteVISIBLE DEVELOPABLE LAND NEAR US 41 ENTRANCE
Matthews Real Estate Investment Services, in conjunction with Ten-X, is pleased to offer to the market N88W1559 Main Street, a prominently positioned outparcel in Menomonee Falls, Wisconsin. N88W1559 Main Street is an outlying parcel of the Pilgrim Village Shopping Center, a diverse retail outlet that formerly housed a Walmart Supercenter location. The center's current tenants include Associated Bank, Toppers Pizza, Ninja Hibachi, and Otto's Wine and Spirits. This 0.66-acre outparcel is partially paved with lined parking spaces and is ideal for a quick-service development or single-tenant retail building. This asset provides a key signage opportunity, with 178 feet of frontage on Main Street.
This Main Street land opportunity offers investors a premier location within a critical retail node outside Downtown Milwaukee, visible to over 12,000 vehicles daily. US Highway 41 is just blocks ...
This Main Street land opportunity offers investors a premier location within a critical retail node outside Downtown Milwaukee, visible to over 12,000 vehicles daily. US Highway 41 is just blocks away, servicing 85,000 vehicles daily. These traffic counts contribute to a thriving retail scene, including national retailers like Costco, HomeGoods, Ross, T.J. Maxx, and Firehouse Subs. Nearby demographics include 85,000 residents with an average household income of $97,443 annually within a 5-mile radius who spent over $1.1 billion across all sectors during 2023.
Menomonee Falls boasts a small-town charm, outstanding amenities, convenient access to the Milwaukee region, and a high-quality of life rooted in a prosperous economic landscape. These factors have spearheaded this submarket's decreasing 2.4% vacancy rate and positive absorption. Landlords have substantial negotiating power, proven by a 6.5% growth in rental rates over the past year and an 11.8% growth over three years. Take advantage of this opportunity to acquire a highly visible parcel in a booming, retail-driven community.
Listed by Matthew Fitzgerald with Matthews Real Estate Investment Services, WI license #51983-90.
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