MUKWONAGO — Several Greenwald
family-owned properties along Wolf Run in an area called the Gateway
District on the south side of Mukwonago are now listed for sale with
a real-estate agent.
Properties for sale include two in front of Home Depot, one across
the street from Walmart and another in between Walmart and Lynch
Chevrolet.There is also a fifth property listed for sale north of
Interstate 43 off the intersection of Fox Street and Holz Parkway.
The properties, which range in size from approximately 1.5 acres to
15 acres, have always been for sale, said Dick Greenwald. However,
recently, the family chose to market them through a realtor, he
“It’s just a step to notify investors and purchasers that properties
are available,” Greenwald said.
Although what may be constructed on these properties is still
unknown, Village President Fred Winchowky said this is good news for
“By listing it, he’s obviously going for a larger market,” Winchowky
said. “That’s good for him and for the community.”
The Gateway District, which is also Tax Incremental Finance District
3, was created in 2003 in an effort to develop the south side of
I-43. Taxpayers invested approximately $10 million in the district,
which currently encompasses businesses such as the Pro-Health Care,
YMCA, Home depot and the Lynch dealership. By 2023, TID 3 should be
closed, said Village Administrator and Economic Development Director
John Weidl. However, from a financial standpoint, TID 3 is “eking
along” in part because properties in the district have sat vacant
for 15 years, he said.
“There’s enough development there to recoup the taxpayers’ money,”
Weidl said. “Right now our projections show that, but I would be a
lot more confident if we had more development in the area.”
But even with the properties listed, that’s just the first step,
“I think it’s going to be incumbent on the Greenwald family to
compromise in pursuit of a mutually beneficial development for
themselves, the developer and the village as a whole,” Weidl said.