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Mixed-Use Building with Apartments
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2929 North Richmond Street, Appleton, WI 54911

Two-story commercial property combines leased apartments with first-floor retail suites and an unused drive-thru.

Property SizeContact for details
Days on Market3

Property Features for 2929 North Richmond Street

General Information

Standard status Active
Property subtype Retail, Multifamily, Office
Occupancy 100%

Site & Location

Corner Location Yes
Drive-Thru Yes
Highway Access Yes
Road Access Yes
Utilities to Site Yes

Units

Unit Mix 2 x 1BR, 4 x 2BR
Multifamily Units 6

Building Details

Buildings 1
Stories 2
Construction fluted-block
Tenancy Multi
Listing Agency: Simpson Realty
Listed By: Johnny Simpson · License #58860-90
Source: Crexi
Added: Sep 3 Changed: Sep 5 Last Checked: Sep 5 at 3:29PM

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 Simpson Realty

Investment Insights

Based on property information with market context.

This two-story mixed-use property combines six second-floor apartments with four first-floor commercial suites of about 1,592 SF each. The residential portion includes two one-bedroom apartments and four two-bedroom apartments and is 100% leased. Two retail bays are vacant, while the north end-cap includes an unused drive-thru. The building has a fluted-block exterior, municipal utilities, and a roof and parking lot reported to be in good shape.

The property occupies a corner at N Richmond Street and Ridgeview, with access from Ridgeview and a south drive. A new signal is located at the site’s northeast corner, and the property is just off Northland, identified as CTH OO, and about a half mile south of US-41. Nearby retailer presence includes McDonald’s, Kwik Trip, Taco Bell, Verizon, Little Caesars, Co-Vantage Credit Union, Jimmy John’s, Wingstop, and an upcoming 7brew location.

Key Highlights

  • Six apartments: two 1BR and four 2BR; 100% leased
  • Four first‑floor commercial suites of about 1,592 SF each
  • Two of four retail bays vacant, representing 50% first‑floor vacancy

Property Analytics

Current Use

Vape Inc (Bike/Boat/Book/etc) Store Handsome Devil Tattoo ... Barber Shop Sconi Boys Delta ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Auto Parts Store Building Supply Kitchen & Bath Showroom

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

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

627
Businesses Nearby

Demographics for 54911, WI

26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story commercial property combines leased apartments with first-floor retail suites and an unused drive-thru.
Where is this mixed-use property located?
The property is located at 2929 North Richmond Street Appleton, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six apartments: two 1BR and four 2BR; 100% leased; Four first‑floor commercial suites of about 1,592 SF each; Two of four retail bays vacant, representing 50% first‑floor vacancy
(920) 265-8804 Call to check price and availability
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