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28665648
28665649

1501 Creston Park Dr, Janesville, WI 53545

JP
WI, WI 57229-94
Commercial Property Group
Listed by Commercial Property Group
$5,250,000
206 days on market
Updated 10 days ago

Former Schnucks Grocery

Details
Property Type Retail
Sub Type Grocery Store
Square Footage 65,138
Units 1
Cap Rate 12.72%
NOI $667,664
Tenancy Single
Lease Type NNN
Lease Expiration 05/24/2027
Remaining Term 0.9
Price per SqFt $81
Class A
Buildings 1
Acreage 2.980
Zoning B-2
Investment Type Owner/User
Sale Condition For sale by owner

Vacant Grocery Store Building

Marketing description

65,138 square foot Schnucks Grocery Store. Several access points on Creston Park, Newman, and Randall streets. Large pylon signs are located on Milton Avenue Located among many national restaurants, retailers, and residential neighborhoods. Traffic counts on Milton Avenue are 22,600 (per WISDOT). Property is zoned B2 Community Shopping. Per City of Janesville. Current NOI is $667,664 per year until May 2027. Property is also available for lease.

Investment highlights

Area Description: Great visibility and access from Milton Avenue. Area users include McDonalds, Wendy’s, Taco Bell, CVS, Walgreen’s, Planet Fitness, USPS, Firestone, Rogan Shoes, DaVita Dialysis, Fresenius, Advance Auto, Domino’s, and Office Max. Other strong national tenants in the Milton Avenue Corridor include Target, Farm N Fleet, Festival Foods, Hobby Lobby, Hy-Vee, Dick’s Sporting Goods, Kohl’s, Menards, and the new Woodman’s Sports & Convention Center.

Listing Contacts

JP
WI, WI 57229-94
Commercial Property Group
Listed by Commercial Property Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$667,664.00
$55,638.67/mo

Valuation Metrics

0
DSCR
12.72%
Cap Rate
12.72%
ROI

Map

Zoning

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B2 CommercialRetail CommercialCommunity Shopping District
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View all 106 uses
Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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