413 Madison StGreen Bay, WI 54301

Property Details for 413 Madison St

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $442,015

  6.5%

  $408,014

  7%

  $378,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $248,529

  Geo Method

  $318,852

• Alternative Use

  Use

  Valuation

  Residential

  $505,938

  Hospitality

  $463,436

  Educational

  $385,573

  Medical

  $398,834

  Retail

  $599,781

Location Insight

City

Green Bay

County

Brown

State

Wisconsin

Latitude

44.5086

Longitude

-88.0143

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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