Prime Development Opportunity: This indicates that the property is considered favorable for development. It could be due to its location, size, or other factors that make it attractive for potential investors or developers.
Signaled Intersection near Freeway Ramp: The property's location at a signaled intersection near a freeway ramp is advantageous for accessibility and visibility. This feature can increase the convenience of reaching the property and attract more attention.
High Visibility: The property boasts high visibility, with approximately 138,000 cars per day passing by on Interstate 94/41 and around 31,100 cars per day via Drexel Ave according to Wisconsin Department of Transportation (WI DOT) data. This is a significant factor for businesses looking to establish a presence that can be easily noticed by a large number of people.
Proximity to Highgate Development, IKEA, and Drexel Town Square: Being across from Highgate Development, near IKEA, and Drexel Town Square can enhance the property's appeal. These nearby landmarks may attract more potential customers and contribute to the overall development of the area.
Tax Increment Financing (TIF) Available via TID #12: This suggests that there may be tax incentives or financing options available for the development of the property through Tax Increment Financing. TIF allows future increases in property taxes to be used to finance infrastructure and other improvements within a defined district.
