Log In/Sign Up
Your email has been sent.
Creston Park Mall 1319-1413 Creston Park Dr 73,471 SF 67% Leased Retail Building Janesville, WI 53545 $10,347,598 CAD ($140.84 CAD/SF) 9.25% Cap Rate
Investment Highlights
- Anchored by OfficeMax and Fresenius Medical Care with long-term occupancy history.
- Opportunity to develop an additional outlot of approximately one acre.
- Offered at $7,560,000 with a strong 9.25% cap rate and upside potential.
- Located on Milton Avenue with exposure to 25,000 vehicles per day.
- Situated in a dense trade area with nearly 400,000 residents within 25 miles.
- Janesville retail vacancy remains low at 2.6%, supporting tenant demand.
Executive Summary
Creston Park Mall presents an exceptional investment opportunity in Janesville, Wisconsin. This 73,471 SF shopping center sits on 7.99 acres and is offered at $7,560,000 with a 9.25% cap rate. Anchored by long-standing tenants including OfficeMax and Fresenius Medical Care, the property demonstrates stability and income potential. Positioned along Milton Avenue with visibility to approximately 25,000 vehicles per day, the center benefits from strong traffic counts and a densely populated trade area of nearly 400,000 residents within a 25-mile radius. Current occupancy is 67%, providing immediate upside through lease-up and potential outlot development of approximately one acre. Janesville’s retail vacancy rate remains low at 2.6%, reinforcing the strength of this submarket. With proximity to Madison and major regional retailers, Creston Park Mall offers investors a well-located asset with consistent cash flow and value-add potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
73,471 SF
Building Class
B
Year Built
1967
Price
$10,347,598 CAD
Price Per SF
$140.84 CAD
Cap Rate
9.25%
NOI
$957,153 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
7.99 AC
Zoning
B2 - a type of zoning that provides large areas of land for commercial purposes. It's intended for wholesale businesses and large retail companies
Parking
283 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Available Suite 1
- 6,000 SF
- Retail
- In-Line
- 30 Days
- Available Suite 2
- 18,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| Available Suite 1 | 6,000 SF | Retail | In-Line | 30 Days |
| Available Suite 2 | 18,000 SF | Retail | In-Line | Now |
Available Suite 1
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
Available Suite 2
| Size |
| 18,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 021-9400300 | Improvements Assessment | $5,261,092 CAD |
| Land Assessment | $2,378,120 CAD | Total Assessment | $7,639,212 CAD |
Property Taxes
Parcel Number
021-9400300
Land Assessment
$2,378,120 CAD
Improvements Assessment
$5,261,092 CAD
Total Assessment
$7,639,212 CAD
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Creston Park Mall | 1319-1413 Creston Park Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.