Flex Office and Storage
For Sale
$239,900
344 Chute St, Menasha, WI 54952
Versatile office-and-storage building with overhead door access and private parking in downtown Menasha.
Property Size1,955 SF
Price / SF$122.71
Days on Market146
Property Features for 344 Chute St
General Information
Standard status
Active
Size
1,955 SF
Additional Details
Drive-In Doors
1
Building Details
Year Built
1986
Listing Agency:
Expert Real Estate Partners, LLC
Listed By:
Deanna M. Van Thiel
(920) 574-4412
Source:
Moving2greenbay
Added: Jun 12
Changed: Oct 25
Last Checked: Nov 3 at 1:23PM
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 Expert Real Estate Partners, LLC
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Investment Insights
Based on property information with market context.
This versatile commercial property has been used as office and storage space and is laid out to support flexible day-to-day operations. A key feature is an overhead door that allows straightforward loading and unloading, complementing the existing enclosed space used for both work areas and storage. The building also includes a private parking lot, providing convenient on-site parking for occupants and visitors.
Located in downtown Menasha, the property offers convenient access for local operations that benefit from a central setting. The site’s in-town positioning is supported by a dedicated parking area, which helps streamline arrival and service needs.
With the combination of office space, storage, and overhead door capability, this property can fit a range of users looking for a single site to run administrative tasks alongside day-to-day storage or light distribution. For buyers, the flexible history as both an office and storage facility supports multiple planning approaches. Please note the listing agent has an ownership interest in the property.
Located in downtown Menasha, the property offers convenient access for local operations that benefit from a central setting. The site’s in-town positioning is supported by a dedicated parking area, which helps streamline arrival and service needs.
With the combination of office space, storage, and overhead door capability, this property can fit a range of users looking for a single site to run administrative tasks alongside day-to-day storage or light distribution. For buyers, the flexible history as both an office and storage facility supports multiple planning approaches. Please note the listing agent has an ownership interest in the property.
Key Highlights
- Versatile commercial property in downtown Menasha, previously used as office and storage space
- Flexible layout with an overhead door for easy loading and unloading
- Includes a private parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,283
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
$345.7K
Cap Rate 7%
$246,900
$246.9K
Cap Rate 9%
$192,033
$192.0K
Market Conditions
NOI Build-Up for 1,955 SF
Gross rent
$29.3K $15.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$26.6K $13.60/SF
− OpEx
−$9.3K −$4.76/SF
NOI
$17.3K $8.84/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
Cap Rate 7%
$246,900
Cap Rate 9%
$192,033
Alternative Uses
Best Use
Flex RnD
$246.9K
$216.0K – $288.1K
NOI $17,283 @ 7.0% cap · market cap 7.20%
Second Best
Warehouse
$167.9K
$146.9K – $195.9K
NOI $11,752 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$422.0K
$369.2K – $492.3K
NOI $29,537 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54952, WI
27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- TT'z BBQ — 403 Racine St, Menasha, WI 54952
Frequently Asked Questions
What type of property is this?
Flex space - Versatile office-and-storage building with overhead door access and private parking in downtown Menasha.
Where is this flex space located?
The property is located at 344 Chute St Menasha, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Versatile commercial property in downtown Menasha, previously used as office and storage space; Flexible layout with an overhead door for easy loading and unloading; Includes a private parking lot on site
