The former Ace Hardware
building is for sale with an asking price of $494,000.
WAUKESHA - The former Olson Ace Hardware store at 155 W.
Main St. has been listed for sale for $494,000 by Anderson
closed around the end of July after 65 years of doing business
in the downtown area and after it was foreclosed upon by the
Commercial Capital currently owns the building and listed it for
sale about three weeks ago, said broker Christian Hlavinka.
So far he
said the vacant building has been shown a few times to potential
buyers, including to one group a couple of times.
said the area has “extremely good zoning” and there is a wide
range of people interested in the property, including for
restaurants, retail stores and community services. The former
hardware store is a wide open space so it lends its self well to
be repurposed, he said. The first floor has about 11,781 square
feet of space and the lower level has about 9,200 square feet of
roof does need some attention, Hlavinka said the HVAC unit is
not very old.
The price of
the building is based on comparable building sales in the area.
Andrews, community development director for Waukesha, said the
master plan for the city shows a new building on the site.
According to the master plan, the half block along Main Street
and between Barstow and Martin streets lends itself to high
density, more compact development. The area is also defined as a
also calls for three buildings with proper facades to complement
the historic downtown and says a single building would be
inappropriate because it would “further the perception of overly
large scale building structures in the area.”