Land

4200 S. 76th St - Greenfield Development Site

4200 S 76th St, Greenfield, WI, 53220-2855, US

4200 S. 76th St - Greenfield Development Site_Property for Sale

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Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), as sole and exclusive agent for owner, has been retained to offer for sale the opportunity to acquire a highly accessible & visible +/- 23.85 acre development parcel in the emerging suburb of Greenfield, Wisconsin. The development opportunity is located at 4200 S 76th Street (the “Property”) and formally known as Spring Mall. The Property’s improvements no longer represent the highest and best use and with the final existing tenant expiring June 2023 a new vision can be executed.

Attributes

Land area net
23.85 acres (1,038,906 sf)

Investment highlights

  • Rare 23.85 acre infill site offers scalable development optionality
  • Accessible from three major Wisconsin thoroughfares: US-43, US-41 and US-894
  • neighboring restaurants, grocery stores, entertainment options & new medical facilities create a full-service community
  • New Powerline pedestrian trail under construction adjacent to site. 1st Phase completion anticipated 4th Quarter 2022.
  • Walkable to Maple Grove Elementary School (Less than 1,000 feet to the east)
  • Increasing cost of living in downtown Milwaukee and low inventory of residential product creating outsized demand for new housing
  • Low unemployment rate of 2.6% demonstrates strong market fundamentals

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Last updated
Apr 14, 2022