What is the asking price for Monarch Court?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Monarch Court?

This property is listed as Multi-Tenant.

What is the total size of Monarch Court?

The property has a total square footage of 11,840 SF.

When was this property built?

Monarch Court was built in 2005.

How many parking spaces are available at Monarch Court?

Parking information for the property isn't currently listed.

1659 N Spring St , Beaver Dam, WI 53916

For Sale $1,670,000
Property Type Retail - Street Retail
Property Size 11,840 SF
Units 10
Lot Size 0.91 Acre
Property Tenancy Multi-Tenant
Year Built 2005
Date Updated May 13, 2026

Description

Monarch Court is a rare investment opportunity directly adjacent to Beaver Dam’s premier shopping destination, Heritage Village Mall. The 12,613 SF multi-tenant property features ten suites ranging from 100 to 3,634 SF, anchored by high-visibility service and wellness users. In-place gross rents average ~$17.00 PSF, substantially below area NNN comparables of $16–$20 PSF, creating immediate mark-to-market upside as leases roll. The property benefits from excellent frontage on N Spring Street (18,500 VPD) with shared ingress/egress to US-151 and heavy regional traffic. Recent capital improvements include a new roof and gutter system installed in 2024, minimizing near-term CapEx requirements. With stable occupancy, flexible suite layouts, and built-in co-tenancy draw from national anchors at the adjacent mall, Monarch Court offers a turnkey retail investment with clear paths to income growth.

Highlights

High-Impact Visibility: Frontage on North Spring Street (18,500 VPD) with seamless access to US-151, capturing both local customers and regional draw.
Immediate Upside: In-place gross rents average ~$17 PSF, significantly below comparable NNN rates of $16–$20 PSF, offering compelling mark-to-market opportunities.
Prime Co-Tenancy: Situated directly adjacent to Heritage Village Mall—Beaver Dam’s leading retail destination—delivering unmatched shopper traffic and brand synergy.
Turnkey Condition: New roof and gutter system installed in 2024, ensuring long-term weather protection and minimizing near-term capital expenditures.
Versatile Retail Platform: 12,613 SF across ten thoughtfully configured suites (100–3,634 SF), ideal for service providers, wellness concepts, financial services, and flex users.