Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2230 Main St Green Bay, WI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    100% occupied retail center with national tenants.

    Type:RETAIL
    Property size:
    6,025 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $474/SF
    Added:
    Dec 9, 2024
    Days on Market:
    507
    Last Refresh:
    Apr 5 at 11:12 pm

    Property Features for 2230 Main St

    General Information

    Standard status
    Active
    Size
    6,025 SF
    Lot size
    1.00 Acre
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Todd Lindblom

    Listing agent Todd Lindblom

    Listing office Marcus & Millichap

    Listing date Dec 9, 2024

    Source Moodyscre

    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 Marcus & Millichap

    Overview

    Fully Occupied Retail Center

    This is a fully occupied three-tenant retail center constructed in 2018. The property is situated on a 1-acre parcel at a four-way signalized intersection, providing exposure to 17,800 vehicles per day. The tenant mix includes Starbucks, US Cellular, and ATI Physical Therapy. Starbucks is equipped with a drive-thru and relocated to this location from across the street in 2018. Placer.ai reports that the Starbucks location had over 251,000 customer visits over the last year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Cafe & Coffee Shop ATI Physical Therapy Medical Clinic UScellular Authorized Agent ... Mobile Phone Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Crypto Dispensers Bitcoin ATM — 2056 Main St, Green Bay, WI 54302
    • Bitcoin ATM by Crypto Dispensers (Holy Smokes East) — 2056 Main St, Green Bay, WI 54302
    • East Town — 2350 E Mason St, Green Bay, WI 54302

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -87.9718
    Latitude
    44.4846

    Nearby Similar for Sale

    • $485,000
      3,473 SF

      Green Bay Bi-Level Multifamily Property

      Well-maintained Green Bay duplex with rental income potential.
      2203 GILSON Court, GREEN BAY, WI 54304-4221
      View Details
    • $474,900
      2,771 SF

      New Ranch-Style Duplex in Green Bay

      Modern 2024 duplex with expansion potential, ideal for investment.
      2323 DECKNER Avenue, GREEN BAY, WI 54302
      View Details
    • $715,000
      3,552 SF

      New Duplex Investment Opportunity

      Modern duplex built in 2024 with reliable cash flow.
      735 HOFFMAN Road, GREEN BAY, WI 54301
      View Details
    • $499,900
      2,598 SF

      Well-Maintained Duplex in Green Bay

      Spacious duplex with strong rental history and desirable layouts.
      1528 VAN Road, GREEN BAY, WI 54311
      View Details
    • $359,900
      2,172 SF

      Immaculate Duplex Near Parks

      Lovingly maintained Green Bay duplex, ideal for investment or owner-occupancy.
      1400 KELLOGG Street, GREEN BAY, WI 54303-3114
      View Details
    • $399,900
      3,267 SF

      Income-Producing Fourplex in Green Bay

      Renovated fourplex with potential for a fifth unit.
      434 S JACKSON Street, GREEN BAY, WI 54301
      View Details
    • $429,900
      3,196 SF

      Established Bar in Green Bay

      Well-maintained bar with outdoor area on high-traffic street.
      1803 Main St, Green Bay, WI 54302
      View Details
    • $359,900
      2,048 SF

      Green Bay Duplex Investment Opportunity

      Updated Green Bay duplex near Perkins Park, move-in ready.
      1457 BOND Street, GREEN BAY, WI 54303
      View Details
    • $385,000
      1,698 SF

      Turn-Key Duplex in Green Bay

      Side-by-side duplex with income potential in Green Bay, WI.
      2220 DEER Trail, GREEN BAY, WI 54302
      View Details
    • $1,500,000
      1,311 SF

      Green Bay Gas Station Opportunity

      Turn-key gas station with convenience store in high-traffic Green Bay.
      2115 Main St, Green Bay, WI 54302
      View Details
    • $329,900
      2,262 SF

      Green Bay Duplex Investment Opportunity

      Side-by-side duplex in Howard location, great investment opportunity.
      961 ALTA Street, GREEN BAY, WI 54313-7053
      View Details
    • $410,000
      2,300 SF

      Well-Maintained Duplex with Rental History

      Green Bay duplex featuring 2-bedroom units and attached garages.
      2966 MANITOWOC Road, GREEN BAY, WI 54301
      View Details

    FAQs

    What type of property is this?
    Shopping center - 100% occupied retail center with national tenants.
    Where is this shopping center located?
    The property is located at 2230 Main St Green Bay, WI.
    What is the asking price?
    The asking price for this property is $2,860,000.
    What are key features of this property?
    This property features: 100% Occupied Three Tenant Retail Center with Diversified National Tenant Mix (Starbucks, US Cellular, ATI Physical Therapy); Newer 2018 Construction on a 1 Acre Parcel; High Traffic Location: Four‑Way Signalized Intersection with 17,800 VPD
    (262) 364-1930 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd Lindblom
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!