Monarch Court

For Sale

1659 N Spring St , Beaver Dam, WI 53916

This Beaver Dam property for sale is located at 1659 N Spring St . The current listed sale price for Monarch Court is $1,990,000. Monarch Court is situated on a lot that is 0.91 acre in size.

Contacts

broker
Dan Rosenfeld

Mid-America

Property Details

  • Property Type Office - General Office
  • Property Size 12,613 SF
  • Units 10
  • Lot Size 0.91 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2005
  • Date Updated Jun 12, 2025
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.
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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.

Getting around

  • 47/100

    Walk Score ®

  • 42/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Beaver Dam, WI
  • Zip Code 53916

Points of Interest

  • Mobil

    0.37 miles

  • Kwik Trip

    0.69 miles

  • Shell

    1.44 miles

  • Citgo

    1.45 miles

  • Cenex

    1.81 miles

  • BP

    6.66 miles

  • Holiday Inn Express & Suites Beaver Dam

    0.29 miles

  • Super 8

    1.48 miles

  • Heritage Village

    0.13 miles

  • Walmart Supercenter

    1.05 miles

  • Walmart

    1.29 miles

  • Piggly Wiggly

    1.37 miles

  • Old Time Food Store

    9.78 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Dan Rosenfeld

Mid-America

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