1921 University AveGreen Bay, WI 54302

Property Details for 1921 University Ave

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Retail space

APN

21 2184

APU

212184

Description

This exceptional commercial property at 1921 University Ave, Green Bay, WI 54302, presents a compelling investment opportunity. Priced at $220,000, this property encompasses a 2,400 square foot main building and a separate freestanding storage structure. Built in 1938, the main building is ideally suited for either two separate tenants or a single occupant, offering flexible layout options. The property boasts significant curb appeal with large windows, ample at-door parking, and a highly visible lighted sign. The secondary structure, constructed of concrete block, is unheated and features two overhead doors and two service doors, providing versatile storage or workshop space. Situated on a 0.242-acre lot (APN 21-2184), this property is zoned C1-General Commercial, allowing for a wide range of uses. Its location in an active secondary commercial corridor on Green Bay's northeast side ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The property's features, including its prominent signage and ample parking, make it an ideal investment for a variety of businesses. The two buildings offer flexibility and potential for increased revenue streams. Don't miss this chance to own a piece of Green Bay's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $637,022

  6.5%

  $588,021

  7%

  $546,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $614,012

  Geo Method

  $787,752

• Alternative Use

  Use

  Valuation

  Residential

  $496,017

  Hospitality

  $454,349

  Educational

  $378,013

  Medical

  $391,014

  Retail

  $588,021

Location Insight

City

Green Bay

County

Brown

State

Wisconsin

Latitude

44.5129

Longitude

-87.9741

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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