Mixed-Use Building with
New
For Sale
$799,900
2148 University Avenue, Green Bay, WI 54301
Corner-positioned at University Avenue and N. Danz, the commercial-zoned property includes prominent signage and ample on-site parking.
Property Size3,140 SF
Lot Size0.51 Acres
Price / SF$254.75
Days on Market6
Property Features for 2148 University Avenue
General Information
Standard status
Active
Size
3,140 SF
Lot size
0.51 Acres
Property subtype
Commercial
Zoning
Commercial
Site & Location
Neighborhood
Kennedy Park
Additional Details
Patio
Yes
Amenities
two prominent signs
Building Details
Building Size
3,140 SF
Year Built
1966
Buildings
1
Listing Agency:
Resource One Realty, LLC
(920) 983-5450
Listed By:
Jamie Depas · License #9477013
(920) 536-0125
Source:
Coactionrealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 5:48PM
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
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Investment Insights
Based on property information with market context.
The 3,140-square-foot mixed-use building dates to 1966 and sits on a 0.51-acre lot. Windows span much of the building, and a patio provides an additional outdoor feature. The roof is brand new, and two signs are positioned on separate corners of the property.
The property occupies the intersection of University Avenue and N. Danz in Green Bay, Wisconsin. Its commercial zoning supports a range of potential commercial uses, while the building’s configuration is described as suitable for restaurant, retail, or office use.
The property occupies the intersection of University Avenue and N. Danz in Green Bay, Wisconsin. Its commercial zoning supports a range of potential commercial uses, while the building’s configuration is described as suitable for restaurant, retail, or office use.
Key Highlights
- 3,140‑square‑foot building on a 0.51‑acre lot
- At the intersection of University Avenue and N. Danz
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,499
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,980
$650.0K
Cap Rate 7%
$464,271
$464.3K
Cap Rate 9%
$361,100
$361.1K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$56.5K $18.00/SF
− Vacancy
−$4.5K −$1.44/SF
EGI
$52.0K $16.56/SF
− OpEx
−$19.5K −$6.21/SF
NOI
$32.5K $10.35/SF
Area
Green Bay, WI
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,980
Cap Rate 7%
$464,271
Cap Rate 9%
$361,100
Alternative Uses
Best Use
Mixed Use
$464.3K
$406.2K – $541.7K
NOI $32,499 @ 7.0% cap · market cap 4.06%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-positioned at University Avenue and N. Danz, the commercial-zoned property includes prominent signage and ample on-site parking.
Where is this mixed-use property 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; At the intersection of University Avenue and N. Danz; Commercial zoning
