150 Main StMenasha, WI 54952

  • Office properties
  • 55,633 SF
For Lease
$10.50/SF/YR View listing

Property Details for 150 Main St

Year built
1997
Lot size
1.31 AC
Property size (Sq ft)
55,633 SF
Zone code
C2
Property type
Office properties
Property subtype
Office buildings
APN
2-00118-00
APU
20011800

Description

This exceptional office property, located at 150 Main St in Menasha, WI 54952, offers 11,845 square feet of immediately available space within a larger 46,000 square foot building. The property boasts a desirable location in the heart of downtown Menasha, overlooking the harbor, and is situated on 1.31 acres of land (APN 720011800). The building, classified as Class B, features three stories and a total of 120 parking spaces. Individual suites range from a minimum of 5,145 square feet to a maximum contiguous space of 6,700 square feet, making it ideal for a variety of businesses. The building's zoning is General Commercial. Currently, two suites are available, both newly remodeled and ready for tenant build-out to meet specific needs. These second-floor suites offer a mix of perimeter offices, open cubicle areas, a conference room, and a break room. Shared restrooms are conveniently located. The property enjoys a strong tenant roster, including established businesses such as McClone Insurance, US Bank, Faith Technologies, and Community First Credit Union. The building features 9-foot ceilings. This is a rare opportunity to secure high-quality office space in a vibrant downtown location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,045,199
    6.5%
    $9,272,491
    7%
    $8,610,170
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,648,040
    Geo Method
    $7,246,198
  • Alternative Use

    Use
    Valuation
    Residential
    $11,497,889
    Hospitality
    $10,532,004
    Educational
    $8,762,504
    Medical
    $9,063,860
    Retail
    $13,630,562
150 Main St, Menasha, Wisconsin
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Location Insight

City
Menasha
County
Winnebago
State
Wisconsin
Latitude
44.2015
Longitude
-88.4499
CBSA code
36780
CBSA name
OSHKOSH-NEENAH, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$73,020
$284,000
$2,679,900
$2,963,900
-
$346,806
$3,272,558
$3,619,364

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