Riverfront Property

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Property Overview

Extremely rare and stunning location in the heart of Prescott at the intersection of its main streets, with over 250 feet of St. Croix riverfront; this corner lot is highly visible and accessible from both roads and waterways traveling near or far.
OFFERING SUMMARY
Price: NegotiableLot Size: 0.97 AcresZoning: Commercial/ResidentialMarket: Western Wisconsin - River TownSubmarket: St. Croix River
PROPERTY HIGHLIGHTS
  • Provides the only direct riverfront site on the lower St. Croix available for mixed-use development
  • Direct access to St. Croix riverfront and approved dock design and permitted by Wisconsin DNR and Army Corps of Engineers
  • City of Prescott has proposed completing the boardwalk under adjacent U.S. Highway 10 bridge and adjoining transient dockage for pedestrian traffic into the downtown retail district
  • Project has received all required approvals from the City of Prescott, except final building design
  • Site allows for 5-story building on the river side and 4-floors on the street level side
  • Property currently holds rights to a transferable liquor license granted by the City of Prescott
  • Size of the building can be up to 110,000 square feet on a total of 5 floors, all with unobstructed views of the beautiful St. Croix River
  • Site is located at the confluence of the St. Croix River and Mississippi River
  • Project qualifies for City of Prescott Tax Increment Financing and State of Wisconsin Economic Development Grant
  • With TIF and Wisconsin Economic Development Grant the Net Land Cost is extremely affordable, relative to similar properties
  • Property has been released/removed from inclusion in a floodplain, saving thousands annually from insurance premiums

Development Details and Pre-Negotiated Approvals, Licenses and Consessions
Below is the full Offering Memorandum that outlines, in detail, the development specifications and turn-key highlights.
Open and Download the Offering Memorandum by Tapping on the Image Above