179 East Main Street, Ellsworth, WI

Shopping Center for Sale - $1,500,000 - 32,838 Sq. Ft. on 2.4 acres


Agent Info

TJ Wilson
Applegate,Inc.

Property Info

CIMLS#1056335
Location
  179 East Main Street
  Ellsworth WI 54011
UpdatedJanuary 20th, 2020
TypeShopping Center
Price$1,500,000
Building32,838 Sq. Ft.
Land2.4 acres

Attached Documents


Contact


Property Description

Long Term Tenants Include: Family Dollar, WI DMV, Snap Fitness, Auto Value Parts Store, Common Man Brewery, Carpet & Thrift Stores, Ellsworth Chiropractic.

Income growth opportunity - Established Tenants - Visibility-Signage

Ellsworth is approximately 40 minutes east of the metropolitan areas of St. Paul and Minneapolis and 14 miles from Red Wing,Minnesota. Four major highways – Highway 10 and State Highways 65, 63, and 72 – intersect in the Village.

Actual & Proforma Summary:

Cap Rate: 7.6

In place Annual Income $191,956 Operating Expenses: $78,103

NOI $113,853

Cummlative Cash-flow Pre-tax $40,718

Expanded and renovated in 2006

Priced well below replacement cost $45.68 PSF

New Rubber Membrane Roof Fall 2016

Sprinklered Building

Site Size: 2.4 Acres

Building Size: 32,838 square feet

Zoning: Commercial – (C-1)

Property PID#121-01129-0100

Approximately 104 parking stalls

Exterior Walls: Decorative Brick Steel Siding and Block

Roof: Rubber Membrane

Six of the rooftop HVAC units replaced in 2019

1200 Amps – 3 Phase Electric

Daily Traffic Count per WI.Dot:9,300(Final)


Financials

Information deemed accurate, but not guaranteed, buyers and buyers agents to verify all information and perform their own due diligence.