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W360N7077 Brown St

75.15 Acres of Commercial Land Offered at £1,564,900 in Oconomowoc, WI 53066

Investment Highlights

  • Prime Commercial Real Estate: 37.03 acres with a 3-story school facility, perfect for redevelopment or repurposing.
  • Versatile Property: Ideal for a variety of commercial uses with ample space and potential for expansion.
  • Attractive Pricing: Eastern portion available for $1.3M, entire property can be considered for $2M, reasonable offers welcome.
  • Unique Investment Opportunity: Former elementary school with 89,618 sq ft of space on 37.03 acres.
  • Valuable Location: Situated on the eastern section of a sprawling 75.15-acre property, offering privacy and accessibility.
  • Deed Restrictions in Place: Buyer can secure the property with a deed restriction prohibiting educational institution usage for grades K-12.

Executive Summary

The eastern portion of the Property is for sale for $1,300,000.00 ($1.3 Million), and the entire property may be considered for sale for $2,000,000.00 ($2 Million). All reasonable offers will be considered and must be submitted on a WB-15 Commercial Offer to Purchase form. All offers must include language which states that the Buyer will take title to the property subject to a deed restriction that restricts the property from being used as an educational institution or school for any portion of grades 4 year-old kindergarten through grade 12. See https://oasd.org/district/property-sale.cfm for additional information as well.
Offers should be submitted via email to:
Director of Business Services: SheridaB@oasd.org
Attorney Thomas G. Schober: tgs@schoberlaw.com
Attorney Jeremy M. Klang: jmk@schoberlaw.com

Property Facts

Price £1,564,900 Property Subtype Commercial
Sale Type Investment Proposed Use Commercial
No. Lots 1 Total Lot Size 75.15 AC
Property Type Land Parcel Number OCOT-0517-997
Price £1,564,900
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 75.15 AC
Parcel Number OCOT-0517-997

1 Lot Available

Lot

Price £1,564,900 Lot Size 75.15 AC
Price Per AC £20,824
Price £1,564,900
Price Per AC £20,824
Lot Size 75.15 AC

This lot includes the school and the land, currently it is a school and parking lot, but opportunities are limitless given its location! There is the option of divisibility on the land as well. Please reach out if interested!

Description

The total property is 75.15 acres divided into two sections, with the eastern- most section, including improvements, being for sale. It is 37.03 acres and an 89,618 square foot, 3-story school facility that was originally constructed as a seminary facility in 1968. The property was most-recently operated as an elementary school, which closed in 2019.

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zoning

Zoning Code I (Insitutional)
I (Insitutional)
(262) 560-2111

Contact

  • Listing ID: 28409484

  • Date on Market: 05/05/2023

  • Last Updated:

  • Address: W360N7077 Brown St, Oconomowoc, WI 53066

The Land Property at W360N7077 Brown St, Oconomowoc, WI 53066 is currently available for sale. Contact Oconomowoc Area School District for more information.

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W360N7077 Brown St
(262) 560-2111 x

W360N7077 Brown St

Meghan Goldner

(262) 560-2111

(262) 560-2111

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