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Green Bay Mixed-Use Redevelopment Opportunity
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700 Pilgrim Way, Green Bay, WI 54304

218,323 SF mixed-use property on 31 acres near Lambeau Field.

Space SizeContact for details
Property Size218,323 SF
Lot Size31.00 Acres
Days on Market158

Property Features for 700 Pilgrim Way

General Information

Standard status Active
Size 218,323 SF
Total Parking Spaces 1025
Lot size 31.00 Acres
Property subtype Retail, Office, Special Purpose
Lease Type NNN

Building Details

Building Size 218,323 SF
Year Built 1987
Tenancy Multiple

Spaces For Lease

at 700 Pilgrim Way Contact us

First Floor West

Type
Office, Retail, Special Purpose
Lease Type
NNN
Availability
Active
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First Floor East

Type
Office
Lease Type
NNN
Availability
Active
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Second Floor West

Type
Office
Lease Type
NNN
Availability
Active
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Lower Level

Type
Office, Retail, Special Purpose
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: ProVisions
Listed By: Murray Wikol · License #MI 6502108208
Source: Crexi
Added: Mar 26 Changed: Aug 27 Last Checked: Aug 29 at 11:50AM

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 ProVisions

Investment Insights

Based on property information with market context.

Located in Green Bay, The Arboretum at 700 Pilgrim Way is a 218,323-square-foot office and retail property situated on a 31-acre site near Lambeau Field. This three-story, mixed-use building underwent $3.8 million in renovations in 2022, with further improvements planned for 2025, including interior and exterior upgrades and a 10-year roof warranty. The Arboretum features efficient floor plates with large open rooms, private offices, and a kitchen area with a dining hall. Current tenants include Ayres Associates Inc., Shopko Optical, and Regus. The property boasts modern finishes and skylights that provide abundant natural light. The 31-acre site offers value-added potential through further redevelopment. There are 11 outlot opportunities available in this mixed-use setting, featuring B-3 District zoning, which allows for multifamily, office, hotel, retail, research & development, or a mixed-use combination. The Arboretum is located in a commercial area, providing access to neighborhood amenities. It is across from Simon Mall and Bay Park Square and near Lambeau Field, Titletown, and Research Center. Interstates 43 and 41 provide accessibility, and the Green Bay Austin Straubel International Airport is nearby. The property may be suitable for multiple uses during the NFL Draft taking place in Green Bay in 2025.

Key Highlights

  • Value‑added potential through redevelopment of the 31‑acre site, the largest developable parcel near Titletown, Research Center, and Bay Park Mall.
  • Prime location near Lambeau Field, Titletown, Research Center, Bay Park Square, and Simon Mall, offering unmatched access to neighborhood conveniences.
  • Existing cash flow from current credit tenants with long‑term leases.

Property Analytics

Current Use

Shopko Optical Corporate ... Eye Care Center

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Grocery & Convenience Store Storage Facility HVAC Service (Bike/Boat/Book/etc) Store

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

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,045
Businesses Nearby

Demographics for 54304, WI

27,679
Population
12,997
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,366
Density / Sq Mi
$60,369
Median Household Income
$38,926
Median Earnings
$935
Median Rent
$200,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - 218,323 SF mixed-use property on 31 acres near Lambeau Field.
Where is this mixed-use property located?
The property is located at 700 Pilgrim Way Green Bay, WI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Value‑added potential through redevelopment of the 31‑acre site, the largest developable parcel near Titletown, Research Center, and Bay Park Mall.; Prime location near Lambeau Field, Titletown, Research Center, Bay Park Square, and Simon Mall, offering unmatched access to neighborhood conveniences.; Existing cash flow from current credit tenants with long‑term leases.
(248) 988-9341 Call to check price and availability
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