On the Market: A snapshot of real estate/hospitality properties available for lease or purchase
Published: July 30, 2012
Tags: Adam Matson, Axis Enterprises LLC, Barry Chavin, Brett Deter, Brett Garceau, Cassidy Turley, Cassidy Turley Barry Inc., CBRE Inc., Coldwell Banker Real Estate LLC, Cory Sovine, Curt Pitzen, David Barry, David Buckley, Davis Engineering, E.R. Abernathy Industrial Inc., Focus on July 2012, Garceau, Guardian Auto Glass, hospitality, Industrial Towel and Uniform Inc., Jim Larson, Kenneth Braden, KJ Development LLC, Knickerbocker on the Lake, Louis Sennett, Maximilian Yokosh, Midwest Roofing & Construction LLC, Mitchell Starczynski, Muskego Industrial Park, NAI MLG Commercial LLC, Patrick Prudlow, Peter Glaser, real estate, RFP Commercial Inc., Seven Marine, Siegel-Gallagher Inc., St. John Properties Inc., Summer/Snow General Partnership, Sunset Investment Co. LP, Timmerman LLC, Timmerman Plaza, Tools Inc., Wisconsin Lift Truck, Wiza Investments LLC
Address: 10044 N. Port Washington Road, Mequon
Owner: Louis Sennett
Broker: Brett Deter, RFP Commercial Inc., Milwaukee
Date built: 1986
Size: 1,400 square feet
Previous uses: It is the middle unit of a three-section retail property. The north unit once was for a pediatric medical practice and soon will house a Chinese restaurant. The south unit once was used by a fur retailer and now houses a salon. The middle unit once housed a hair salon.
Building history: The owner renovated the 26-year-old building’s façade last year.
Significance to area: The building is south of the new Les Moise, a sports retail store, and next to the Port Zedler motel, which also is for sale.
Point of interest: Deter highlighted the building’s new façade and history of good maintenance as aspects that make it a solid property in Mequon.
Property name: Knickerbocker on the Lake
Address: 1028 E. Juneau Ave., Milwaukee
Owner: Axis Enterprises LLC, Fox Point
Broker: Cory Sovine, Siegel-Gallagher Inc., Milwaukee
Date built: 1927
Size: 4,675 square feet
Previous uses: The building housed an Italian restaurant for about 15 years and a different restaurant for 40 years before that.
Building history: The building includes condominiums, and the retail space is considered a unit in the association. There have been no recent major renovations. The space is adjacent to The Knick, a restaurant.
Significance to area: It is in a dense neighborhood with many established businesses.
Point of interest: Sovine described the building as an opportunity to capitalize on existing space in an area frequented by a large number of potential clients.
Property name: Timmerman Plaza
Address: 10426-10448 W. Silver Spring Drive, Milwaukee
Owner: Timmerman LLC, Delaware
Broker: Peter Glaser, CBRE Inc.’s Milwaukee office
Date built: early 1970s
Size: 6,000 square feet
Previous uses: The building is part of a plaza that used to be anchored by J.C. Penney Co. The J.C. Penney store since has been demolished, and Wal-Mart Stores Inc. will occupy a new 148,000-square-foot building as the site’s anchor.
Building history: The available space is in a building that was renovated this year with a new façade. In sum, there are 28,000 square feet of small shop space in the plaza. Other tenants include Dots Fashions, Rainbow Apparel, Radio Shack, H&R Block, Advance America and Dollar Tree. A Pick ’n Save grocery store, a bowling alley and a strip mall operate at the plaza under separate ownership.
Significance to area: Timmerman Plaza is expected to open in fall. A main feature of the site is its location on West Silver Spring Drive, which Glaser described as a major east-west thoroughfare.
Point of interest: Glaser cited Walmart’s presence as an anchor for the site as the boost this property needs to become a destination that will draw customers.
Address: 2926-2928 W. Forest Home Ave., Milwaukee
Owner: Patrick Prudlow
Broker: Coldwell Banker Real Estate LLC’s Milwaukee office
Contact: Cindy Shaffer, 414-405-0860
Date built: 1917
Size: 4,500 square feet
Previous uses: The property has housed a hardware store, a television sales and service shop, and a portrait gallery. A three-bedroom apartment with an upper deck occupies the property’s second floor.
Building history: There have been no major renovations to the property.
Significance to area: The property is in a mixed commercial and residential neighborhood on a four-lane highway. Prudlow said the property’s proximity to interstates 94, 43 and 894 made it an accessible location.
Point of interest: The property includes a drive-in warehouse
– Beth Kevit