413 Madison St Green Bay, WI 54301-4101
- Office buildings
- 2,448 SF
- 0.26 lot acres
Current Use by Public Records
- MCE / Telecommunications Engineer
- Multimedia Communications and Engineering / Engineer
- Active Hair Wear / Hair Replacement Service
- Madison Avenue Salon and Spa / Day Spa / Beauty Salon
Property Details for 413 Madison St
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.26 lot acres
- Property size
- 2,448 SF
- Property type
- Office buildings
- APN
- 13 179
- APU
- 13179
Description
This exceptional 4,896-square-foot office building, located at 413 S Madison St in downtown Green Bay, Wisconsin, presents a unique owner-user opportunity. Completely remodeled in April 2019, this two-story, all-brick building boasts a versatile layout ideal for medical or traditional office use. The main level features a reception area, five private offices, two bathrooms, two large workspace areas easily adaptable into additional offices, ample storage, and two counter/sink areas. A separate employee entrance and skylights enhance the space. A spiral staircase leads to the finished lower level, which includes a full bathroom with shower, a large open collaborative area, a 15x15 conference room with a counter/sink, a 15x15 kitchen/break room with appliances, an IT room, multiple flex/storage spaces, an additional office area, a utility room, and a mechanical room. The building's history as a salon/spa provides extensive existing plumbing throughout. A security system with key fob entry is included. The property sits on a 0.27-acre lot and is zoned for Office Residential use. Built in 1982, this Class B building offers 4,896 square feet of net rentable space, priced at $54.13 per square foot, with an asking price of $265,000. Occupancy is available March 1, 2024. The property's APN is 13-179.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $170,000
- 7%
- $155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $150,000
- Mixed-Use
- $150,000
- Hospitality
- $155,000
- Educational
- $180,000
- Residential Income
- $160,000
- Energy
- $135,000
- Income-Based Land
- $185,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Green Bay
- County
- Brown
- State
- Wisconsin
- Longitude
- -88.0143
- Latitude
- 44.5086
- CBSA code
- 24580
- CBSA name
- GREEN BAY, WI METROPOLITAN STATISTICAL AREA