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Premier 55+ Apartment Community
For Sale
$14,900,000

2001 Marathon Avenue, Neenah, WI 54957

Newly redeveloped 55+ multi-family community with commercial spaces.

Property SizeContact for details
Lot Size17.25 Acres
Days on Market527

Property Features for 2001 Marathon Avenue

General Information

Standard status Active
Lot size 17.25 Acres

Taxes and HOA fees

Annual Taxes $107,312
Listing Agency: Keller Williams Green Bay
Listed By: Caleb Hayes · License #56667
Source: Exprealty
Added: Mar 13, 2025 Changed: Aug 20 Last Checked: Aug 21 at 9:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Green Bay

Investment Insights

Based on property information with market context.

Marathon Flats is a premier 55+ apartment community located in Neenah, Wisconsin. This property presents an opportunity to acquire a newly redeveloped multi-family community featuring 61 fully renovated apartment units. In addition to the residential units, the property includes 42 storage units, 56 garages, and two commercial spaces, one of which is under a long-term lease with Kimberly-Clark. Situated on a 17.25-acre lot, the property was subject to an adaptive reuse conversion completed between 2023 and 2024. The redevelopment caters to the demand for senior housing. Furthermore, the property includes excess land that allows for the future development of additional units.

Key Highlights

  • Premier 55+ apartment community with 61 fully renovated units.
  • Long‑term lease with Kimberly‑Clark provides stable income.
  • Newly redeveloped in 2023‑2024, offering modern amenities and appeal.

Property Analytics

Current Use

Marathon Flats: 55 ... Retirement Community

Suggested Use

Top Pick Restaurant Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Newly redeveloped 55+ multi-family community with commercial spaces.
Where is this apartment building located?
The property is located at 2001 Marathon Avenue Neenah, WI.
What is the asking price?
The asking price for this property is $14,900,000.
What are key features of this property?
This property features: Premier 55+ apartment community with 61 fully renovated units.; Long‑term lease with Kimberly‑Clark provides stable income.; Newly redeveloped in 2023‑2024, offering modern amenities and appeal.
More about this property
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