994 Main StFox Crossing, WI 54956

Property Details for 994 Main St

Year built

1959

Lot size

0.33 AC

Property size (Sq ft)

5,649 SF

Zone code

C1;GENERAL COMMERCIAL

Property type

Retail properties

Property subtype

Auto shops

APN

07-0388-0000

APU

703880000

Description

This exceptional 7,532-square-foot industrial property, located at 994 Main Street in Neenah, Wisconsin, presents a unique investment opportunity. Currently configured as an auto body shop, this versatile space offers significant potential for a variety of uses, thanks to its flexible design and prime location in Neenah's thriving downtown district. The single-story building, constructed in 1959, sits on a 0.53-acre lot zoned for commercial use and features a large overhead door, ideal for loading and unloading. The property boasts high visibility, benefiting from a daily traffic count of 9,050 vehicles. Its convenient location near Interstate 41 provides easy access to regional transportation networks. The low-maintenance exterior contributes to efficient operation. This owner-user opportunity includes two parcels of land and offers the potential to purchase the existing business separately. The asking price is $495,000, translating to $65.72 per square foot. This Class C property presents a compelling investment prospect for both owner-occupiers and investors seeking a versatile space in a high-traffic area. The property's single-unit configuration simplifies management and operation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,499,391

  6.5%

  $1,384,053

  7%

  $1,285,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,445,231

  Geo Method

  $1,854,171

• Alternative Use

  Use

  Valuation

  Residential

  $1,167,501

  Hospitality

  $1,069,424

  Educational

  $889,749

  Medical

  $920,348

  Retail

  $1,384,053

Location Insight

City

Neenah

County

Winnebago

State

Wisconsin

Latitude

44.1892

Longitude

-88.4833

CBSA code

36780

CBSA name

OSHKOSH-NEENAH, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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