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    500 Cherry Ave Oconto Falls, WI 54154

    For Sale
    $1,255,600

    8,919 SF Bank, 8% Cap Rate, NNN Lease

    Property size:
    8,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a well-maintained, 8,919-square-foot bank building located at 500 Cherry Ave, Oconto Falls, WI 54154. Currently leased to BMO Bank under a triple-net (NNN) lease expiring October 31, 2026, offering a remaining lease term of approximately 1.9 years with annual rent increases. The property boasts a strong 8.00% capitalization rate and a price per square foot of $140.78, making it an attractive addition to any portfolio. Situated near the intersection of E. Highland Dr. and Cherry Ave., this strategically located building benefits from high visibility and accessibility. The surrounding area features a dense concentration of mixed-use establishments, including Carquest Auto Parts, Hometown Veterinary, McDermid Truck Sales, and Napa Auto Parts. The property offers abundant parking, is handicap accessible, and includes pylon sign availability. Highland Drive experiences a traffic count of 4,300 vehicles per day, further enhancing its desirability. The property is conveniently located minutes from Interstate 41 and Green Bay, providing easy access to regional transportation networks. The permitted zoning is Commercial, allowing for flexibility in future uses. This sale-leaseback opportunity offers a compelling combination of immediate income and long-term potential. The asking price is $1,255,600.

    Property Features for 500 Cherry Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,919 SF

    HighLights

    • Well‑maintained 8,919 SF building.
    • Highland Drive traffic count: 4,300 VPD.
    • Minutes from I‑41 and Green Bay.
    • Pylon sign availability.
    • Handicap accessible.
    • Abundant parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oconto Falls
    County
    Oconto
    State
    Wisconsin
    Longitude
    -88.143702
    Latitude
    44.8815102

    Nearby Comparable

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      Oconto Falls Bar & Restaurant

      Turnkey bar and restaurant opportunity with banquet hall and equipment.
      211 N Maple Ave, Oconto Falls, WI 54154
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    Nearby Similar for Sale

    • $165,900
      1,280 SF

      Commercial Property in Oconto Falls

      Commercial property with office and heated garage/shop in Oconto Falls.
      537 Caldwell Ave, Oconto Falls, WI 54141
      View Details
    • $350,000
      5,304 SF

      Oconto Falls Bar & Restaurant

      Turnkey bar and restaurant opportunity with banquet hall and equipment.
      211 N Maple Ave, Oconto Falls, WI 54154
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 8,919 SF Bank, 8% Cap Rate, NNN Lease
    Where is this individual retail property located?
    The property is located at 500 Cherry Ave Oconto Falls, WI.
    What is the asking price?
    The asking price for this property is $1,255,600.
    What are key features of this property?
    This property features: Well-maintained 8,919 SF building.; Highland Drive traffic count: 4,300 VPD.; Minutes from I-41 and Green Bay.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Cherry Ave Oconto Falls, WI 54154
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