1221 Grant StDe Pere, WI 54115

Property Details for 1221 Grant St

Lot size

4.04 AC

Property type

Commercial real estate

APN

WD D0217-1

APU

WDD02171

Description

This exceptional retail property, located at 1221 Grant St in De Pere, Wisconsin, offers 22,496 square feet across three separate buildings on a 0.75-4 acre lot. Built in 1987, this Class A property boasts a 100% occupancy rate with an 8-year remaining lease under a NNN lease structure. The property is situated on a high-traffic corner, benefiting from visibility from Interstate 41 (67,000 cars daily), Grant Street (9,300 cars daily), and Lawrence Drive (10,100 cars daily). Currently occupied by a farmers cooperative since its construction, the property's permitted commercial zoning allows for a wide range of uses, including fast food, retail, service-oriented businesses, medical facilities, restaurants, and more. The property's location within the Green Bay MSA and thriving demographics make it an attractive investment opportunity. A drive-through is permitted under the new zoning code. The fee-simple ownership and 5.00% cap rate further enhance its investment appeal. The seller will consider subdividing the 4-acre parcel. This is a unique opportunity to acquire a high-visibility, high-traffic retail property in a desirable location. The APN is WD-D0217-1. The sale is structured for a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $35,968,000

  6.5%

  $33,201,200

  7%

  $30,829,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,844,200

  Geo Method

  $22,893,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $67,453,500

  Retail / Commercial

  $34,181,100

  Mixed-Use / Specialty

  $33,737,100

  Hospitality / Lodging

  $24,332,500

  Office

  $33,201,200

  Institutional / Educational

  $34,957,900

  Residential Income

  $40,900,700

  Multifamily

  $50,839,700

  Automotive / Energy

  $29,963,900

  Parking / Income-Based Land

  $10,658,400

  Restaurant / Food Service

  $16,859,500

  Healthcare / Senior Housing

  $34,927,100

Location Insight

City

De Pere

County

Brown

State

Wisconsin

Latitude

44.4444

Longitude

-88.0926

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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