2009 Memorial Dr Appleton, WI 54915
- Commercial real estate
- 4,992 SF
- 0.61 lot acres
Current Use by Public Records
- Kiecker Emmy / Physical Therapist
- Magnolia Skin & Beauty / Spa
- Arched ink / Permanent Make-Up Clinic
- Clean Slate Aesthetics LLC / Spa / Beauty Salon
- Dr. Dean A. Gruner, MD / Family Practice Physician
Property Details for 2009 Memorial Dr
- Year built
- 1984
- Lot size
- 0.61 lot acres
- Property size
- 4,992 SF
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 31-8-2200-00
- APU
- 318220000
Description
This fully remodeled 9,988 square foot commercial property in Appleton, Wisconsin, presents a unique investment opportunity. Situated on a 0.96-acre lot at a high-traffic intersection, this building boasts exceptional visibility and convenient access to Highway 441 and the Fox Valley area. The durable brick exterior houses a spacious interior, recently renovated throughout both the main and lower levels. The property includes a large parking lot with 49 spaces, ensuring ample parking for employees and clients. Previously utilized as a medical office, the building is equipped with extensive plumbing, a modern seven-zone heating and cooling system, and an elevator for easy access between floors. The interior layout features a welcoming lobby and a shared conference room upon entry, along with multiple bathrooms strategically placed throughout the building. Currently, approximately 1,350 square feet is occupied by a tenant, generating consistent rental income. This property is ideally suited for a variety of businesses seeking a well-maintained, conveniently located space with excellent visibility and ample parking. The combination of its prime location, modern amenities, and existing rental income makes this a compelling investment prospect. The property's size and layout offer flexibility for a variety of commercial uses.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $540,000
- ML approach
- $540,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $605,000
- 6.5%
- $560,000
- 7%
- $520,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $420,000
Market price range: $330k - $957k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $590,000 Current use
- RETAIL STORES
- $715,000 Change: +22% Conversion: Easy
- AUTO REPAIR, GARAGE
- $700,000 Change: +19% Conversion: Difficult
- OFFICE BUILDING
- $650,000 Change: +10% Conversion: Easy
- WAREHOUSE, STORAGE
- $555,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Appleton
- County
- Winnebago
- State
- Wisconsin
- Longitude
- -88.416
- Latitude
- 44.2436
- CBSA code
- 36780
- CBSA name
- OSHKOSH-NEENAH, WI METROPOLITAN STATISTICAL AREA