828 Cherry StGreen Bay, WI 54301

Property Details for 828 Cherry St

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

3,150 SF

Property type

Office buildings

APN

10 74

APU

1074

Description

This exceptional 6,300 square foot office building, located at 828 Cherry Street in Green Bay, Wisconsin, presents a unique investment opportunity for owner-users. Built in 1968, this Class B property features an attractive all-brick exterior and benefits from a highly visible corner lot location in the heart of downtown. The building is currently available for occupancy on June 1st, 2024. The asking price is $389,900, translating to a price per square foot of $61.89. The interior has been thoughtfully maintained and includes upgraded LED lighting, creating an energy-efficient and bright workspace. The flexible layout is suitable for either single or multi-tenant occupancy, offering a variety of office sizes to accommodate diverse business needs. A convenient break area is also included for employee comfort. Further enhancing its appeal, the property boasts a prominent monument sign, ensuring excellent visibility and brand recognition. This property is ideal for businesses seeking a prestigious downtown address and investors looking for a strong return on investment in a thriving Wisconsin market. The building consists of one structure and is situated in Brown County, Wisconsin, zip code 54301. This is a multi-tenancy property suitable for creative, executive, or traditional office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $568,770

  6.5%

  $525,018

  7%

  $487,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $319,798

  Geo Method

  $410,288

• Alternative Use

  Use

  Valuation

  Residential

  $651,023

  Hospitality

  $596,333

  Educational

  $496,142

  Medical

  $513,205

  Retail

  $771,777

Location Insight

City

Green Bay

County

Brown

State

Wisconsin

Latitude

44.5117

Longitude

-88.006

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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