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2547 State Road 35
Luck, WI 54853

$2,116,000 USD

Storefront Retail Office For Sale  •  15,000 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 15,000 SF
  • Lot Size 1.08 AC
  • Building Class C
  • Year Built 1993
  • Cap Rate 8.50 %
  • Tenancy Multiple
0 Transit Score
35 Walk Score

Highlights

Value-add potential is supported by one 1,750 SF vacant suite representing 11.7% of the GLA, below-market average in-place rent of $12.14 PSF.
Attractive pricing offers strong returns, including a day-one cap rate of 8.50% and a 9.42% cash-on-cash return at the asking price.
The property features landlord-friendly lease structures, with net leases in place across all existing tenants and minimal landlord responsibilities.
The ideal tenant roster consists of approximately 50% medical users and 50% traditional retail users and is anchored by Luck Clinic & Amery Hospital.
The property is located in a quaint and affluent area with an average household income exceeding $90,030 within a three-mile radius.
Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Amery Clinic 5,100 SF 7/31/2027
Amery Physical Theraphy 1,600 SF 6/30/2027
Edward Jones 1,600 SF 2/28/2027
Sterling Bank 2,400 SF 8/1/2029
Stop-A-Sec (Master Lease) 2,950 SF

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Surface
Included in Rent: Yes
Ben Kohl 202-573-2148 Sands Investment Group
Ben Kohl 202-573-2148 Sands Investment Group