222 S State St Appleton, WI 54911
This exceptional 1,728 square foot commercial property at 222 S State Street in Appleton, WI, presents a unique investment opportunity. Situated in the heart of downtown, just two blocks from College Avenue, this building enjoys unparalleled access to a vibrant mix of dining, shopping, and banking options. Its proximity to the Justice and Expo Centers, the Performing Arts Center (PAC), and popular local festivals, including the Mile of Music, ensures high visibility and foot traffic. Previously zoned residential, the property has been successfully rezoned for commercial use and features a well-designed layout including a waiting room, filing area, three private offices, a conference room, and two restrooms. Ample parking is provided with dedicated front and rear spaces, supplemented by readily available non-metered street parking. Accessibility is enhanced by front and side handicap access. The property also boasts a full basement offering substantial storage capacity. A significant advantage is the presence of a 16 x 20 concrete pad at the rear, ideal for an event tent, storage shed, or a detached garage. The existing heating system extends to an attached garage, and the commercial-grade air conditioning system has the capacity for expansion. This versatile space offers numerous possibilities, including expanding the existing office space, creating a separate rental unit, or converting the garage door for enclosed parking. The 0.16-acre lot provides ample space for future development. This is a rare chance to own a thriving commercial property in a prime downtown location – an excellent investment for any business owner.
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The Advisory Group Inc Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Appleton, WIAppleton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.