Current Use by Public Records
- Specialty properties
Property Details for 0 Wi-76
- Lot size
- 4.47 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional Neenah, WI commercial property presents a lucrative investment opportunity or redevelopment potential. The 20,862 square foot, single-story building sits on a generous 4.47-acre lot, offering ample parking and expansion possibilities. Currently housing five tenants in a multi-tenant configuration, the property boasts 100% occupancy with a strong NOI of $103,500, yielding a 7.39% cap rate. The asking price is $1,400,000 ($67.11/sq ft and $280,000/unit). The property features three loading docks and three dock-high doors, with varying ceiling heights. Zoned for commercial use, this Class C property is currently operating under NNN leases with month-to-month terms. Annual insurance costs are $3,000, and snow/grass maintenance is $4,000. The property's location in Clayton, Winnebago County, WI (zip code 54956) offers significant growth potential. Detailed lease information is available upon request. This is a rare chance to acquire a thriving, multi-tenant property in a developing area. The property's bar and restaurant subtypes provide a diverse tenant base, ensuring consistent income and long-term value.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Neenah
- County
- Winnebago
- State
- Wisconsin
- Longitude
- -88.5429
- Latitude
- 44.1949
