Landmark Restaurant
For Sale
$750,000
1658 Main St, Green Bay, WI 54302
Restaurant property with a spacious dining area, fully equipped commercial kitchen, upstairs living unit, storage, and on-site parking.
Property Size12,105 SF
Price / SF$61.96
Days on Market183
Property Features for 1658 Main St
General Information
Standard status
Active
Size
12,105 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1936
Listing Agency:
EXP Realty LLC
Listed By:
Zaid E. Jazrawi · License #9485740
(312) 399-5659
Source:
Lisakawula
Added: Apr 24
Changed: Oct 4
Last Checked: Oct 7 at 1:03PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This restaurant property offers a spacious dining area with classic character, a fully equipped commercial kitchen, and ample storage. In addition to the restaurant space, there is an upstairs living unit, providing extra residential space within the building.
The property is offered for sale as the long-running home of Kroll's East, a well-known establishment in the Green Bay area.
With on-site parking and dedicated kitchen facilities already in place, the building is configured for restaurant operations while also accommodating the included upstairs living unit.
The property is offered for sale as the long-running home of Kroll's East, a well-known establishment in the Green Bay area.
With on-site parking and dedicated kitchen facilities already in place, the building is configured for restaurant operations while also accommodating the included upstairs living unit.
Key Highlights
- Landmark restaurant property in Green Bay, home to Kroll's East
- Spacious dining area with classic character
- Fully equipped commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,920
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,400
$1.1M
Cap Rate 7%
$770,286
$770.3K
Cap Rate 9%
$599,111
$599.1K
Market Conditions
NOI Build-Up for 12,105 SF
Gross rent
$78.4K $6.48/SF
− Vacancy
−$1.4K −$0.12/SF
EGI
$77.0K $6.36/SF
− OpEx
−$23.1K −$1.91/SF
NOI
$53.9K $4.45/SF
Area
Green Bay, WI
Vacancy
1.80%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,400
Cap Rate 7%
$770,286
Cap Rate 9%
$599,111
Alternative Uses
Best Use
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,596 @ 7.0% cap · market cap 22.08%
Second Best
Industrial
$770.3K
$674.0K – $898.7K
NOI $53,920 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,554 @ 7.0% cap · market cap 26.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
McDonald's
Dining
22,232 visits/mo
0.3 miles
Shell
Shops & Services
9,747 visits/mo
0.4 miles
Starbucks
Dining
8,101 visits/mo
0.4 miles
Hardee's
Dining
6,715 visits/mo
0.4 miles
Dollar General
Shops & Services
6,704 visits/mo
0.2 miles
Demographics for 54302, WI
31,327
Population
13,390
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
9.2 sq mi
ZIP Area
3,405
Density / Sq Mi
$55,772
Median Household Income
$37,257
Median Earnings
$881
Median Rent
$164,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with a spacious dining area, fully equipped commercial kitchen, upstairs living unit, storage, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1658 Main St Green Bay, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Landmark restaurant property in Green Bay, home to Kroll's East; Spacious dining area with classic character; Fully equipped commercial kitchen
