Commercial Kitchen and Event
For Sale
$1,550,000
301 N ADAMS STREET Unit #120, Green Bay, WI 54301
Flexible interiors and a fully equipped kitchen support restaurant and catered-event operations.
Property Size11,070 SF
Price / SF$140.02
Days on Market158
Property Features for 301 N ADAMS STREET Unit #120
General Information
Standard status
Active
Size
11,070 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$19,203
Amenities
fully equipped commercial kitchen
Central Air, Gas
3
Commercial Downtown 2
Parking.
Street Parking.
0.0 to .499
Building Details
Year Built
1981
Stories
1
Listing Agency:
Seidl & Associates a Div of Shorewest, Realtors
(920) 713-6212
Listed By:
Don Jr Pouwels · License #9454685
(920) 713-6212
Source:
Xome
Added: Mar 26
Changed: Aug 29
Last Checked: Aug 29 at 2:30PM
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 Seidl & Associates a Div of Shorewest, Realtors
Investment Insights
Based on property information with market context.
This 11,070-square-foot commercial property was built in 1981 and includes a fully equipped commercial kitchen, central air, and gas service. The interior layout is adaptable for restaurant operations, catered events, private functions, corporate gatherings, celebrations, and community programming. The property is partially leased, with 1,940 square feet currently leased.
Located at 301 N Adams Street, Unit #120, the property sits in Green Bay’s downtown corridor near entertainment, cultural, municipal, and business amenities. Street parking is available, and the property is identified with Commercial Downtown 2 zoning.
Located at 301 N Adams Street, Unit #120, the property sits in Green Bay’s downtown corridor near entertainment, cultural, municipal, and business amenities. Street parking is available, and the property is identified with Commercial Downtown 2 zoning.
Key Highlights
- 11,070‑square‑foot commercial property built in 1981
- Fully equipped commercial kitchen for restaurant and catered‑event use
- Partially leased, including 1,940 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,310
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$986,200
$986.2K
Cap Rate 7%
$704,429
$704.4K
Cap Rate 9%
$547,889
$547.9K
Market Conditions
NOI Build-Up for 11,070 SF
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.
Gross rent
$71.7K $6.48/SF
− Vacancy
−$1.3K −$0.12/SF
EGI
$70.4K $6.36/SF
− OpEx
−$21.1K −$1.91/SF
NOI
$49.3K $4.45/SF
Area
Green Bay, WI
Vacancy
1.80%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$986,200
Cap Rate 7%
$704,429
Cap Rate 9%
$547,889
Alternative Uses
Best Use
Specialty Retail
$2.16M
$1.89M – $2.52M
NOI $151,438 @ 7.0% cap · market cap 9.77%
Second Best
Industrial
$704.4K
$616.4K – $821.8K
NOI $49,310 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,662 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Hotels & Casinos 31%
Chase Bank
Shops & Services
5,588 visits/mo
0.2 miles
Quality Inn & Suites Downtown
Hotels & Casinos
4,504 visits/mo
0.4 miles
BMO Harris Bank
Shops & Services
3,453 visits/mo
0.4 miles
Associated Bank
Shops & Services
2,792 visits/mo
0.0 miles
Hampton Inn Green Bay Downtown
Hotels & Casinos
2,133 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Flexible interiors and a fully equipped kitchen support restaurant and catered-event operations.
Where is this commercial kitchen located?
The property is located at 301 N ADAMS STREET Unit #120 Green Bay, WI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 11,070‑square‑foot commercial property built in 1981; Fully equipped commercial kitchen for restaurant and catered‑event use; Partially leased, including 1,940 square feet
