Wolf Run properties up for sale

By Brandon Anderegg

June 5, 2019

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 said.

“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 the area.

“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, Weidl added.

“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.