Property profile

500 Cherry Ave Oconto Falls, WI 54154

FOR LEASE
Commercial real estate
Property ID
US92-1855034
2.14 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional sublease opportunity presents a well-constructed 8,919 square foot office space, ideally situated in downtown Oconto Falls, Wisconsin. Previously occupied as a bank branch, the property boasts a convenient drive-thru and is located just south of East Highland Drive, ensuring high visibility and accessibility. Built in 1975, the building sits on a generous 2.14-acre lot, providing ample space and potential for future expansion or outdoor amenities. The property offers a traditional office layout, suitable for a variety of businesses. The minimum divisible space is 8,919 square feet, making it ideal for a single large tenant or a smaller business seeking a significant footprint. Ample parking is available with 67 spaces provided on-site. The property is located in Oconto County, Wisconsin, at 500 Cherry Ave, Oconto Falls, WI 54154. This is a rare opportunity to secure a substantial, well-located office space in a thriving community. The property's history as a bank branch suggests a strong foundation and established infrastructure. The size and location make it an attractive option for businesses seeking a prominent presence in Oconto Falls. This sublease offers a chance to establish a successful operation in a well-maintained building with convenient amenities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.14 ac (93,218 SF)
APN 2660202805505T
UPID US92-1855034

Cap rate & NOI

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

Location

500 Cherry Ave Oconto Falls, WI 54154
Oconto Falls metro Census 101200 GREEN BAY, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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