Retail Building with
2148 UNIVERSITY AVENUE Green Bay, WI 54301
2148 UNIVERSITY AVENUE, Green Bay, WI, 54301
$799,900
For Sale
$799,900
3,140 sq ft retail building on a 0.51-acre lot with ample parking, extensive window frontage, and a patio.
Property Size3,140 SF
Lot Size0.51 Acres
Price / SF$254.75
Days on Market118
Property Features for 2148 UNIVERSITY AVENUE
General Information
- Standard status
- Active
- Size
- 3,140 SF
- Lot size
- 0.51 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1966
Listing agency
Resource One Realty, LLC
(920) 536-0125
Listed by
Jamie Depas · License #94-77013
(920) 536-0125
Source
Xome
Added: Mar 26 Updated: Jul 20 at 6:06PM Checked: Jul 21 at 3:02AM
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 Resource One Realty, LLC
Investment Insights
Based on property information with market context.
This retail building offers approximately 3,140 square feet on a 0.51-acre lot with ample parking. The space features tons of windows for visibility and includes a patio, providing flexibility for multiple commercial uses. The building also has a brand new roof, and there are two prominent signs—one on each corner—intended to capture attention from multiple directions.
The property is positioned at the intersection of University Avenue and N. Danz. Its high-visibility frontage and corner signage support strong local exposure for retail, restaurant, or office use.
Overall, the configuration combines a window-forward exterior, an outdoor patio, and corner-mounted signage within a parking-ready site.
The property is positioned at the intersection of University Avenue and N. Danz. Its high-visibility frontage and corner signage support strong local exposure for retail, restaurant, or office use.
Overall, the configuration combines a window-forward exterior, an outdoor patio, and corner-mounted signage within a parking-ready site.
Key Highlights
- 3,140 sq ft commercial building on a 0.51‑acre lot
- High‑visibility corner location at University Avenue and N. Danz
- Ample parking, plus extensive window frontage and a patio
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $19.20 |
| − Vacancy | −$3.0k | −$0.96 |
| EGI | $57.3k | $18.24 |
| − OpEx | −$14.3k | −$4.56 |
| NOI | $43.0k | $13.68 |
3,140 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$613.6K
$536.9K – $715.9K
NOI $42,955 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$495.9K
$433.9K – $578.5K
NOI $34,711 @ 7.0% cap · market cap 4.34%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lucky's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - 3,140 sq ft retail building on a 0.51-acre lot with ample parking, extensive window frontage, and a patio.
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 sq ft commercial building on a 0.51‑acre lot; High‑visibility corner location at University Avenue and N. Danz; Ample parking, plus extensive window frontage and a patio
