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201 E Main St
Reedsburg, WI 53959

Reedsburg Main Street Office Investment · Retail Property For Sale

Investment Highlights

  • New 10-year leases by both Vierbicher Associates & Edward Jones
  • Significant Recent Capital Improvements
  • Located on main commercial thoroughfare
  • Long-Term Tenant Commitments - 8.6 years of weight-average lease terms
  • Resurfaced 21-space parking lot directly behind Property

Executive Summary

PROPERTY HIGHLIGHTS
• Anchored by Vierbicher Associates - Base Year Gross Structure
-- 8.9 years of remaining first term – Lease until 2033
-- One (1), Five (5)-Year Renewal Option
• Long-Term Tenant Commitments
-- New 10-year leases by both Vierbicher Associates & Edward Jones
-- 8.6 years of weighted-average lease term (WALT)
• Significant Recent Capital Improvements Completed in Q1 2023
-- Vierbicher tenant improvement work of $361,000
-- Edward Jones tenant improvement work of $136,000
-- Tenant Improvements scope includes HVAC, ADA, and restroom upgrades
• Recently Resurfaced Parking Lot -- 21 surface spaces directly behind the Property
• Excellent Visibility and Signage -- Located on the main commercial thoroughfare
TENANT HIGHLIGHT:
Vierbicher is a community planning and engineering firm that has become a proven partner for thriving Wisconsin communities and developers. Their extensive experience working with both public and private clients has earned Vierbicher the reputation as a trusted advisor and a firm that brings vision to reality.
Clients choose Vierbicher because they get projects done. While Vierbicher’s core service is civil engineering, their extensive due diligence, market-based approach and public funding expertise have made them an industry leader with unmatched success rates. In addition, Vierbicher’s wide range of work with both public and private clients has uniquely positioned them to bring added value by connecting developers to community projects. Vierbicher prides themselves on long-term client relationships, many spanning decades. Their multi-disciplined team of experts works collaboratively and efficiently from concept to completion
to accomplish client goals on time and on budget.
Vierbicher was founded in 1976 by James Vierbicher, PE, in Reedsburg, Wisconsin,where Vierbicher’s headquarters still remain. In 1987, Vierbicher added a second location in Madison, then a Prairie du Chien office in 1999, a Milwaukee Office in 2016 and a Green Bay office in 2023. Today, Vierbicher has grown into a multidisciplined community planning and civil engineering firm that provides services to public and private clients throughout Wisconsin and the Upper Midwest.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
31,957 SF
Building Class
B
Year Built
1910
Price
$825,000
Price Per SF
$26
Cap Rate
8.71%
NOI
$71,858
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.04
Lot Size
0.36 AC
Zoning
G2
Parking
21 Spaces (0.66 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning
  • Listing ID: 32695321

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 201 E Main St, Reedsburg, WI 53959

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