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

Property Info

  179 East Main Street
  Ellsworth WI 54011
UpdatedJanuary 20th, 2020
TypeShopping Center
Building32,838 Sq. Ft.
Land2.4 acres

Attached Documents


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)


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