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Property profile & analytics
FOR SALE
Commercial real estate

222 S State St Appleton, WI 54911

2,496 SF 0.17 ac lot Built 1970
Individually Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US92-3477689
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction STEEL FRAME
Total area 2,496 SF
Lot 0.17 ac (7,200 SF)
Zoning code CBD
APN 31-3-0861-00
UPID US92-3477689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Advisory Group Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jeff Diehl · 18 yrs held
Jeff Diehl
since 2007
4 recorded transactions
2007
Price N/A
2007
$70,000
2006
$140,000
1969
Price N/A
Zoning & alternative use
CBD · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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