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1615 Carney Blvd Marinette, WI 54143

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34,500 SF 2.21 ac lot Built 1960
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Contact for pricing 34,500 SF
1615 Carney Blvd, Marinette, WI 54143
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Estimated value
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Property ID US92-3243128

Property summary

AI-generated overview

This exceptional 34,500 square foot building presents a unique investment opportunity in Marinette, Wisconsin. Originally constructed in the 1960s as an elementary school, this two-story structure has undergone numerous additions and upgrades over the years. The property boasts a wealth of versatile spaces, including numerous classrooms, multiple bathrooms, a sizable gym complete with a stage, ample storage areas, a kitchen, and several break rooms. Several good-sized offices are also available, providing flexibility for various uses. The building is ADA compliant, featuring a working elevator for convenient access to all levels. Situated on a generous 2.21-acre lot, the property offers a large recreation area and extensive off-street parking. The expansive layout and diverse spaces offer endless possibilities for adaptive reuse. Whether envisioned as a residential conversion project, a commercial development, or a community center, this property's scale and features provide a rare opportunity for a significant undertaking. Its prime location in Marinette adds to its appeal, offering potential for strong returns on investment. The substantial size and existing infrastructure make this a truly remarkable property with significant potential for a wide range of uses.

Property profile

Verified
Property type Commercial real estate
Year built 1960
Total area 34,500 SF
Lot 2.21 ac (96,268 SF)
UPID US92-3243128

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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