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55+ Apartment Building with Commercial Space

2001 MARATHON Avenue, Neenah, WI 54957

For Sale
$14,900,000

Commercial Sale, NEENAH, WI

Property SizeContact for details
Lot Size17.25 Acres
Days on Market610

Property Features for 2001 MARATHON Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning I2
Basement Partial
Elementary school district Neenah
Middle school district Neenah
High school district Neenah
Directions Southbound on Hwy 41, exit left onto Winneconne Ave, Continue South on S Green Bay Rd. Turn Eastbound on W Cecil St. Turn right onto Marathon Ave.
Standard status Active
APN 02-0580-00-00
Lot size 17.25 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 107312

Utilities

Sewer type Public Sewer
Heating system Varies by Unit (Heating)
Water source Public

Building Details

Year built 1954
Number of units 63
Building materials Stone
Listing Agency: Keller Williams Green Bay · Keller Williams Realty
Listed By: Caleb W. Hayes · License WI #56667
Added: Mar 13, 2025 Changed: Nov 11 Last Checked: Nov 12 at 6:06AM
MLS# 50304873

Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 55+ apartment property in Neenah combines 61 renovated residences with supporting storage, garage, and commercial components. The improvements include 42 storage units, 56 garages, and two commercial spaces, creating a diversified physical layout within a single campus. The property uses stone construction, with heating varying by unit, and is served by public water and public sewer.

Originally built in 1954, the community was converted through an adaptive reuse project completed during 2023-2024. One of the commercial spaces is subject to a long-term lease with Kimberly-Clark. The 17.25-acre site is zoned I2 and is located at 2001 Marathon Avenue in Neenah, Wisconsin.

Key Highlights

  • 61 renovated apartment units serving residents 55+
  • 17.25‑acre property at 2001 MARATHON Avenue, NEENAH, WI 54957
  • 42 storage units and 56 garages

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Marathon Flats: 55 ... Retirement Community

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply 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.

Lease Details

61
Residential units

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Renovated 55+ apartment community with garages, storage units, and two 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: 61 renovated apartment units serving residents 55+; 17.25‑acre property at 2001 MARATHON Avenue, NEENAH, WI 54957; 42 storage units and 56 garages
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