Heritage Village Mall

For Sale

1645 N Spring St, Beaver Dam, WI 53916, Beaver Dam, WI 53916

This Beaver Dam property for sale is located at 1645 N Spring St, Beaver Dam, WI 53916. The current listed sale price for Heritage Village Mall is $9,800,000. Heritage Village Mall is situated on a lot that is 24.3 acre in size.

Contacts

Dan Rosenfeld

Mid-America

Property Details

  • Property Type Retail - Street Retail
  • Property Size 172,278 SF
  • Lot Size 24.3 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1980
  • Year Renovated 2017
  • Date Updated Jun 2, 2026
Strategically positioned along North Spring Street, Heritage Village anchors Beaver Dam’s primary retail corridor with outstanding visibility and access less than one mile from U.S. Highway 151. The property benefits from strong regional traffic and serves as the dominant retail destination in Dodge County, drawing shoppers from the entire Beaver Dam trade area.Anchored by Staples, Marshalls, Ross, Five Below, Dunham’s, Harbor Freight, and Shoe Sensation, Heritage Village represents a value-add retail investment offering immediate upside through lease-up of the ±14,900 SF former Joann space and potential outparcel development for QSR or coffee users. The property produces a stable rent roll supported by a strong mix of national credit tenants on long-term leases with staggered expirations and multiple renewal options. Market rents across comparable retail product in Beaver Dam demonstrate mark-to-market potential of 10–20% upon rollover. Given its dominant market position, high-traffic corridor location, and development potential, Heritage Village presents a rare opportunity to acquire a regional retail asset below replacement cost in a growing Wisconsin community.
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Highlights

  • Accessible Location: Centrally positioned between Madison (40 mi) and Milwaukee (65 mi), serving as a regional retail and employment hub
  • Below Replacement Cost: Opportunity to acquire a large-format retail asset at a significant discount to replacement value
  • Dominant Retail Node: Beaver Dam’s primary shopping destination with regional draw from Dodge County and surrounding communities
  • Favorable Demographics: ±22,000 residents and average household income of $92,672 within a 5-mile radius
  • High Visibility Location: Prominent frontage along North Spring Street (6,700 VPD) with direct access to U.S. Highway 151
  • Market Rent Growth: In-place rents are 10–20% below current market, offering mark-to-market upside upon rollover
  • Outparcel Development Opportunity: Expansive parking field allows for potential QSR or coffee user pad development to enhance income and traffic
  • Strong Tenant Mix: Majority of tenants are national credit retailers with staggered expirations and multiple renewal options, ensuring stability
  • Value-Add Potential: ±14,900 SF vacant former Joann space offers immediate lease-up upside and flexibility for new tenant concepts

Getting around

  • 37/100

    Walk Score ®

  • 38/100

    Bike Score ®

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Location

  • City Beaver Dam, WI
  • Zip Code 53916

Points of Interest

  • Mobil

    0.37 miles

  • Kwik Trip

    0.76 miles

  • Shell

    1.32 miles

  • Citgo

    1.33 miles

  • Cenex

    1.67 miles

  • BP

    6.52 miles

  • McDonald's

    0.14 miles

  • Culver's

    0.28 miles

  • IHOP

    0.34 miles

  • Pizza Hut

    0.34 miles

  • Ponderosa Steakhouse

    0.35 miles

  • Subway

    0.42 miles

  • Dairy Queen

    0.93 miles

  • Arby's

    1.04 miles

  • Pickard Dining Hall

    1.24 miles

  • Annabelle's Ice Cream Parlor

    1.69 miles

  • Heritage Village

    0.02 miles

  • Walmart Supercenter

    1.09 miles

  • Walmart

    1.17 miles

  • Piggly Wiggly

    1.25 miles

  • Old Time Food Store

    9.65 miles

Contact Listing Broker
Dan Rosenfeld

Mid-America

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