642 Main St Neenah, WI 54956
- Commercial real estate
- 618 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 642 Main St
- Year built
- 1977
- Lot size
- 0.36 lot acres
- Property size
- 618 SF
- Zone code
- C1;GENERAL COMMERCIAL
- Property type
- Commercial real estate
- APN
- 04-0225-0100
- APU
- 402250100
Description
This exceptional 618-square-foot commercial building at 642 Main Street in Neenah, Wisconsin presents a fantastic investment opportunity. Situated on a 0.36-acre lot, this free-standing structure boasts a prime location in the thriving downtown area, offering excellent visibility and accessibility. Recently renovated, the property features all-new electrical and a new panel, a new HVAC system (furnace and AC), fresh exterior paint, and updated flooring throughout. The interior layout is versatile and adaptable to a variety of commercial uses. Upon entering, you'll find a spacious reception/office/conference area to the left, and a smaller office space to the right. A large open room in the rear provides ample space for various configurations, complemented by a convenient half-bath. The property also includes a significant amount of on-site parking, a rare find in this desirable location. Its riverfront position adds to its unique appeal and potential. The motivated seller is eager to find the right buyer for this turnkey commercial property, making it an ideal opportunity for business owners seeking a move-in ready space or investors looking for a strong return. The asking price is $125,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $80,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $80,000
- 7%
- $80,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $70,000
- Geo Method
- $85,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $65,000
- Retail
- $60,000
- Mixed-Use
- $75,000
- Hospitality
- $75,000
- Educational
- $70,000
- Residential Income
- $65,000
- Energy
- $65,000
- Income-Based Land
- $75,000
- Food Service
- $70,000
Location Insight
- Map
- Local Demand
- City
- Neenah
- County
- Winnebago
- State
- Wisconsin
- Longitude
- -88.4748
- Latitude
- 44.1884
- CBSA code
- 36780
- CBSA name
- OSHKOSH-NEENAH, WI METROPOLITAN STATISTICAL AREA