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Anchored Shopping Center
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3825 E Calumet St, Appleton, WI 54915

Established national and local tenancy includes one available retail unit.

Property Size74,619 SF
Price / SF$174.20
Days on Market393

Property Features for 3825 E Calumet St

General Information

Standard status Active
Size 74,619 SF
Property subtype RETAIL

Additional Details

Anchor Co-Tenants Marshalls, Home Goods

Building Details

Tenancy Multi
Listing Agency: Brisky Net Lease
Listed By: Brian Brisky · License #40546562
Source: Moodyscre
Added: Sep 17, 2025 Changed: Sep 13 Last Checked: Oct 12 at 6:32PM

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 Brisky Net Lease

Investment Insights

Based on property information with market context.

This 74,619-square-foot shopping center is anchored by Marshalls and HomeGoods, with additional occupancy from local and national retailers. Most tenants are described as long-term and established, while one unit is currently vacant. The property is situated on a 9+ acre site with ample parking and direct access along Calumet Street.

The center forms part of Appleton’s retail corridor and is shadow-anchored by Walmart. Appleton is within the Fox Cities regional market, approximately 30 miles south and west of Green Bay and north of Lake Winnebago. The area within a 10-mile radius has a population exceeding 250,000 and average household income above $105,000.

Key Highlights

  • 74,619‑square‑foot shopping center anchored by Marshalls and HomeGoods
  • 9+ acre retail property along Calumet Street in Appleton, WI
  • Shadow‑anchored by Walmart

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$964,594
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,291,880 $19.3M
Cap Rate 7%
$13,779,914 $13.8M
Cap Rate 9%
$10,717,711 $10.7M
Market Conditions
NOI Build-Up for 74,619 SF
Gross rent
$1.41M $18.96/SF
− Vacancy
−$36.8K −$0.49/SF
EGI
$1.38M $18.47/SF
− OpEx
−$413.4K −$5.54/SF
NOI
$964.6K $12.93/SF
Area
Outagamie County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,291,880
Cap Rate 7%
$13,779,914
Cap Rate 9%
$10,717,711

Alternative Uses

Best Use
Retail
$13.78M
$12.06M – $16.08M (±1% cap)
NOI $964,594 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.57M
$18.00M – $24.00M (±1% cap)
NOI $1,440,149 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Roshak Builders Inc Construction Company NewStyle Salons Hair Salon Sally Beauty (Bike/Boat/Book/etc) Store The Joint Chiropractic Alternative Medicine Practice CYCLEBAR Cycling Facility

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop HVAC Service 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

451
Businesses Nearby
306k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 44% Shops & Services 30% Dining 13% Electronics 6%
Walmart Superstores
135,202 visits/mo 0.2 miles
Kwik Trip Shops & Services
45,416 visits/mo 0.3 miles
Five Below Shops & Services
20,169 visits/mo 0.1 miles
Petco Shops & Services
16,127 visits/mo 0.1 miles
Tractor Supply Co. Home Improvements & Furnishings
13,264 visits/mo 0.3 miles

Demographics for 54915, WI

43,190
Population
18,373
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,879
Density / Sq Mi
$83,814
Median Household Income
$49,554
Median Earnings
$974
Median Rent
$247,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Kensington Plaza — 2400 S Kensington Dr, Appleton, WI 54915
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  • EISENHOWER — n162 eisenhower dr, appleton, wi 54915

Frequently Asked Questions

What type of property is this?
Shopping center - Established national and local tenancy includes one available retail unit.
Where is this shopping center located?
The property is located at 3825 E Calumet St Appleton, WI.
What is the asking price?
The asking price for this property is $12,998,721.
What are key features of this property?
This property features: 74,619‑square‑foot shopping center anchored by Marshalls and HomeGoods; 9+ acre retail property along Calumet Street in Appleton, WI; Shadow‑anchored by Walmart
(715) 529-4441 Call to check price and availability
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