Value-Add Ability | Divisible | Milwaukee MSA | 145 S Pioneer Rd
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Value-Add Ability | Divisible | Milwaukee MSA 145 S Pioneer Rd
43,905 SF Vacant Office Building Online Auction Sale Fond Du Lac, WI 54935
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INVESTMENT HIGHLIGHTS
- Desirable 43,905-SF office property with visibility from I-41/World War II Veterans Memorial Hwy and expansive acreage in Fond Du Lac, Wisconsin.
- Dynamic opportunities with subdivisible capabilities for an owner/user or an eager investor to maximize their investment through value-add upside.
- Easy access to quick lunch spots Starbucks, Dunkin’, McDonald’s, Taco Bell, Panera Bread, Culver’s, Tropical Smoothie Cafe, Panda Express, and more.
- Significantly positioned across from the Fond Du Lac County Airport with seamless accessibility via a 5-minute drive to downtown and nearby amenities.
- Abundantly situated within a growing area that has seen a 3.5% annual growth rate from 2020 to 2024 within a 1-mile radius and is continuing to grow.
EXECUTIVE SUMMARY
Introducing an exceptionally located 43,905-square-foot office building with premier visibility from Interstate 41/World War II Veterans Memorial Highway in Fond Du Lac, Wisconsin. Built in 1989, 145 S Pioneer Road is advantageously situated over an expansive 5.02-acre lot with an abundance of surface parking paired with three ingress and egress points. The value-add asset will be delivered vacant and is currently built out for single-tenant occupancy but has the ability to be subdivided to accommodate multiple tenants. This property is a former Anthem Blue Cross Blue Shield office location and boasts prominent monument and building signage as it is uniquely positioned directly adjacent to the Fond du Lac County Airport (KFLD). Primely established in front of about 45,600 vehicles per day, the dynamic building offers a future business to be front and center to numerous potential clients.
Beneficially established less than 2 miles from the Fond Du Lac city center, 145 S Pioneer Road provides easy accessibility to nearby amenities. Future tenants and visitors can appreciate the brief 2-mile radius the property offers to numerous renowned grocers and retailers, including Target, Walmart Supercenter, Menards, Aldi, Pick ‘n Save, Walgreens, Dollar Tree, and more. Quick eats and coffee stops also included in this mileage comprise Starbucks, McDonald’s, Jersey Mike’s Subs, Taco Bell, Dunkin’, Panera Bread, Culver’s, Tropical Smoothie Cafe, and Panda Express.
145 S Pioneer Road is optimally situated within a growing area that has seen a 3.5% annual growth rate from 2020-2024 within a 1-mile radius and is anticipated to continue welcoming new residents to the trending community.
Just an hour from Milwaukee, Madison, and Green Bay and located at the base of one of the country’s largest inland lakes, Fond Du Lac is the perfect location to bring an up-and-coming business. Experience the possibilities 145 S Pioneer Road has to offer as an owner/user or an investor by adding value through lease-ups or possible expansion and revitalization.
Property tours are available by appointment only. Please contact the broker to schedule.
Beneficially established less than 2 miles from the Fond Du Lac city center, 145 S Pioneer Road provides easy accessibility to nearby amenities. Future tenants and visitors can appreciate the brief 2-mile radius the property offers to numerous renowned grocers and retailers, including Target, Walmart Supercenter, Menards, Aldi, Pick ‘n Save, Walgreens, Dollar Tree, and more. Quick eats and coffee stops also included in this mileage comprise Starbucks, McDonald’s, Jersey Mike’s Subs, Taco Bell, Dunkin’, Panera Bread, Culver’s, Tropical Smoothie Cafe, and Panda Express.
145 S Pioneer Road is optimally situated within a growing area that has seen a 3.5% annual growth rate from 2020-2024 within a 1-mile radius and is anticipated to continue welcoming new residents to the trending community.
Just an hour from Milwaukee, Madison, and Green Bay and located at the base of one of the country’s largest inland lakes, Fond Du Lac is the perfect location to bring an up-and-coming business. Experience the possibilities 145 S Pioneer Road has to offer as an owner/user or an investor by adding value through lease-ups or possible expansion and revitalization.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- Register to Bid Instructions
MARKET ANALYTICS Click Here to Access
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Market Sale Price per SF
Fond du Lac - WI USA
Market Cap Rate
Fond du Lac - WI USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
43,905 SF
Building Class
C
Year Built
1989
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
21,953 SF
Building FAR
0.20
Lot Size
5.02 AC
Zoning
Commercial - Commercial
Parking
350 Spaces (7.97 Spaces per 1,000 SF Leased)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
4,632
45,588
59,677
2020 Population
4,060
42,394
56,763
2029 Population
4,743
46,224
60,266
2024-2029 Projected Population Growth
2.4%
1.4%
1.0%
Daytime Employees
4,452
35,615
40,973
Total Businesses
334
2,972
3,473
Average Household Income
$67,449
$69,487
$75,408
Median Household Income
$59,899
$59,223
$62,367
Total Consumer Spending
$52.5M
$522.3M
$703.4M
Median Age
41.0
39.6
40.7
2024 Households
2,086
19,927
25,480
Percent College Degree or Above
13%
12%
14%
Average Home Value
$144,332
$166,009
$193,920
ZONING
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
PROPERTY TAXES
| Parcel Number | FDL-15-17-16-23-524-03 | Improvements Assessment | $3,495,900 |
| Land Assessment | $771,900 | Total Assessment | $4,267,800 |
PROPERTY TAXES
Parcel Number
FDL-15-17-16-23-524-03
Land Assessment
$771,900
Improvements Assessment
$3,495,900
Total Assessment
$4,267,800
SALE ADVISOR
SALE ADVISOR
Brett Deter, Industrial Property Specialist
(414) 249-2313
Contact
Brett has been with the Founders 3 Real Estate Services team since 2010. Over the past ten years he has acquired vital real estate knowledge representing clients throughout all components of the commercial real estate process. Brett holds his Wisconsin Real Estate Broker’s license and has successfully represented his clients in real estate acquisitions, dispositions and advisory focused on distribution, manufacturing, investment and ground-up development. Brett has completed over 4,000,000 square feet of real estate transactions totaling over $50 million in gross volume. Brett is currently in the process of expanding his successful track record and in-depth knowledge of the real estate market.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
AUCTION CONTACT
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 937838-91 Ten-X Auction Firm 481-53 Samantha Corbat Auctioneer 4028-52
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VIDEOS
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PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Value-Add Ability | Divisible | Milwaukee MSA | 145 S Pioneer Rd
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