449 Ahnaip St Menasha, WI 54952
This exceptional 27,655 square foot building presents a compelling redevelopment opportunity in Menasha, Wisconsin. Located at 449 Ahnaip St, 54952, this three-story structure sits on a 1.21-acre lot zoned C1 and R1, offering significant flexibility for future use. The property's history as the Nicolet School provides a unique foundation, featuring spacious classrooms, a gymnasium, and a library – ideal for adaptive reuse. The asking price is $385,000, translating to $13.92 per square foot. The building's substantial size and versatile zoning make it suitable for conversion into office space or apartments, catering to a variety of potential uses. This is a rare chance to acquire a substantial property with significant potential in a desirable location. Further enhancing the opportunity, four additional lots are available for separate purchase (pricing available upon request). A plat map is available for review. This property is perfect for an investor seeking a high-impact project with strong potential for return. Don't miss this chance to transform this historic building into a thriving modern asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.