Restaurant Building with
For Sale
$799,900
2148 UNIVERSITY Avenue, Green Bay, WI 54301
Commercial Sale, GREEN BAY, WI
Property Size3,140 SF
Lot Size0.51 Acres
Price / SF$254.75
Days on Market232
Property Features for 2148 UNIVERSITY Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
corner of University Ave and N. Danz
Standard status
Active
APN
21-2220
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8053
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
patio
Building Details
Year built
1966
Building materials
Aluminum Siding
Listing Agency:
Resource One Realty, LLC
(920) 983-5450
Listed By:
James D. Depas · License #91700983
(920) 536-0125
Added: Feb 16
Changed: Oct 5
Last Checked: Oct 6 at 1:06PM
MLS# 50321395
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.
Investment Insights
Based on property information with market context.
The restaurant property includes a 3,140-square-foot building on a 0.51-acre lot. A patio and numerous windows are among its features, along with a recently installed roof. Two signs are positioned at the corners of the property. Built in 1966, the building has aluminum siding, forced-air heating, and central air conditioning. Public water and public sewer serve the site.
At the intersection of University Avenue and N. Danz, the property has on-site parking and Commercial zoning. Restaurant, retail, and office uses are identified for the space.
At the intersection of University Avenue and N. Danz, the property has on-site parking and Commercial zoning. Restaurant, retail, and office uses are identified for the space.
Key Highlights
- 3,140‑square‑foot building on a 0.51‑acre lot
- Restaurant property at University Avenue and N. Danz
- Patio and numerous windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,955
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,100
$859.1K
Cap Rate 7%
$613,643
$613.6K
Cap Rate 9%
$477,278
$477.3K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$60.3K $19.20/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$57.3K $18.24/SF
− OpEx
−$14.3K −$4.56/SF
NOI
$43.0K $13.68/SF
Area
Green Bay, WI
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,100
Cap Rate 7%
$613,643
Cap Rate 9%
$477,278
Alternative Uses
Best Use
Specialty Retail
$613.6K
$536.9K – $715.9K
NOI $42,955 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.1K
$640.6K – $854.1K
NOI $51,245 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
145k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Groceries 30%
Dining 17%
Electronics 1%
Skogen's Festival Foods
Groceries
44,145 visits/mo
0.3 miles
Kwik Trip
Shops & Services
38,441 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,691 visits/mo
0.4 miles
Taco Bell
Dining
8,866 visits/mo
0.1 miles
Burger King
Dining
6,643 visits/mo
0.2 miles
Demographics for 54301, WI
22,875
Population
10,532
Households
2.2
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,519
Density / Sq Mi
$76,768
Median Household Income
$45,717
Median Earnings
$929
Median Rent
$205,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A corner location pairs extensive windows and two prominent signs with on-site parking.
Where is this conventional restaurant located?
The property is located at 2148 UNIVERSITY Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 3,140‑square‑foot building on a 0.51‑acre lot; Restaurant property at University Avenue and N. Danz; Patio and numerous windows
