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501 S Grand Ave 3,600 - 7,672 SF of Office/Retail Space Available in Waukesha, WI 53186
Highlights
- The building features a functional interior layout, including a dedicated break room and two bathrooms.
- Ample surface parking is available with 33 on-site stalls, providing convenient access for employees and customers alike.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,600 SF | 2 Years | $13.78 CAD/SF/YR $1.15 CAD/SF/MO $49,607 CAD/YR $4,134 CAD/MO | Modified Gross | ||
| 1st Floor | 4,072 SF | Negotiable | $10.33 CAD/SF/YR $0.86 CAD/SF/MO $42,084 CAD/YR $3,507 CAD/MO | Modified Gross |
237 Harrison Ave - 1st Floor
Lease Rate $7.50 - $10.00 PSF
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
- Can be combined with additional space(s) for up to 7,672 SF of adjacent space
- Divisible Square Footage
237 Harrison Ave - 1st Floor
Lease Rate $7.50 - $10.00 PSF
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
- Can be combined with additional space(s) for up to 7,672 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Property Facts
| Total Space Available | 7,672 SF | Gross Leasable Area | 10,310 SF |
| Center Type | Strip Center | Total Land Area | 0.53 AC |
| Parking | 33 Spaces | Year Built | 1972 |
| Center Properties | 1 |
| Total Space Available | 7,672 SF |
| Center Type | Strip Center |
| Parking | 33 Spaces |
| Center Properties | 1 |
| Gross Leasable Area | 10,310 SF |
| Total Land Area | 0.53 AC |
| Year Built | 1972 |
About the Property
Positioned on a 0.53-acre parcel, 501 S Grand Avenue offers a versatile retail and office opportunity in Waukesha, Wisconsin. The property consists of an 11,989 SF building with flexible, divisible space options ranging from approximately 2,000 SF up to 7,672 SF, making it well-suited for owner-users, investors, or tenants seeking adaptable square footage. The building features a functional interior layout, including a dedicated break room and two bathrooms, supporting a variety of retail or professional office uses. Ample surface parking is available with 33 on-site stalls, providing convenient access for employees and customers alike. Offered for sale at $1,075,000, the property reflects a 7.4% cap rate and carries 2023 real estate taxes of $8,913.24 (Parcel No. WAKC1333382). For tenants, lease rates range from $7.50 to $10.00 per square foot, offering a cost-effective option in the Waukesha market.
Nearby Major Retailers
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501 S Grand Ave
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