Office/Retail
4731 West Michaels Drive Appleton, WI 54913
4731 West Michaels Drive, Appleton, WI, 54913
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For Sale
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Mixed office and retail building near Fox River Mall, offering flexible space for owner-occupants and investors.
Property Size9,636 SF
Price / SF$155.67
Days on Market55
Property Features for 4731 West Michaels Drive
General Information
- Standard status
- Active
- Size
- 9,636 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1999
Listing agency
NAI Pfefferle
Listed by
Elizabeth Ringgold · License #WI
Source
Crexi
Added: May 28 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 3:57AM
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
The property is a 9,636 SF office/retail building designed to accommodate both business and customer-facing uses. As presented, the building is positioned as a combined office and retail format, providing a practical option for an operator looking to serve clients while maintaining office functionality under one roof.
Located at 4731 West Michaels Drive in Appleton, Wisconsin, the building is described as being near Fox River Mall. This setting supports convenient access for tenants and visitors, with the shopping center area serving as the property’s primary nearby context.
For buyers, this mixed-use configuration can be a strong fit for a small-to-mid sized operator that wants to combine workspace and storefront activity within a single property. The building’s clear office/retail identity may also appeal to investors seeking a property that can be marketed to multiple types of tenants, depending on how the space is configured and leased. Interested parties can review the available layout and intended operating model during due diligence.
Located at 4731 West Michaels Drive in Appleton, Wisconsin, the building is described as being near Fox River Mall. This setting supports convenient access for tenants and visitors, with the shopping center area serving as the property’s primary nearby context.
For buyers, this mixed-use configuration can be a strong fit for a small-to-mid sized operator that wants to combine workspace and storefront activity within a single property. The building’s clear office/retail identity may also appeal to investors seeking a property that can be marketed to multiple types of tenants, depending on how the space is configured and leased. Interested parties can review the available layout and intended operating model during due diligence.
Key Highlights
- 9,636 SF mixed office and retail building
- Built in 1999
- Located near Fox River Mall
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.7k | $18.96 |
| − Vacancy | −$4.8k | −$0.49 |
| EGI | $177.9k | $18.47 |
| − OpEx | −$53.4k | −$5.54 |
| NOI | $124.6k | $12.93 |
9,636 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,564 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,975 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Woodcraft of Appleton/Fox Cities
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Mixed office and retail building near Fox River Mall, offering flexible space for owner-occupants and investors.
Where is this retail space located?
The property is located at 4731 West Michaels Drive Appleton, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,636 SF mixed office and retail building; Built in 1999; Located near Fox River Mall
