Lincoln Street Food Grade Storage 1132 Lincoln St 62,587 SF 100% Leased Industrial Building Green Bay, WI 54303 $3,200,000 ($51.13/SF)

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1132 Lincoln Street in Green Bay, Wisconsin, partially leased to Dupon. The subject property consists of approximately 62,587 square feet of food-grade warehouse space and is situated on 2.97 acres of land. Constructed of steel and masonry, the asset features a clear height between 12’ and 21’, five dock-high doors, one grade-level door, and three-phase heavy power with 480 volts. Located next to a railyard operated by Canadian National Railway, the property is less than five miles from the Port of Green Bay and about nine miles from the Green Bay Austin Straubel International Airport. For sale at $51.13 per square foot, the property can be acquired well below replacement costs. The property is leased on a month-to-month basis, allowing for an owner-user or a lease-up investment opportunity.
The subject property is located in the mid-sized Green Bay submarket, containing 22.8 million square feet of industrial space. In the 12 months through Q3 2025, over 190,000 square feet were absorbed on net. With no industrial properties delivered to Green Bay over that stretch, the vacancy rate fell by 90 basis points year-over-year to 1.7 percent. This compares to the national vacancy rate of 7.7 percent (based on the top 50 metros, minimum 10,000 square feet, classes A, B, and C). While availability remains tight, annual rent growth has decelerated to 2.2 percent in Q3, pushing the average market rent to about $6.60 per square foot. Due to the absence of new industrial properties under construction, demand will be in the driver’s seat of vacancies and rents for the foreseeable future in Green Bay (CoStar).
The Green Bay-Fox Valley metropolitan area spans Brown, Outagamie, Winnebago, and Fond du Lac counties, anchored by Green Bay on Lake Michigan and notable cities like Appleton and Oshkosh-Neenah. With a combined population of about 729,000, the region features a diverse, skilled workforce supporting robust manufacturing, agriculture, transportation, and healthcare sectors. The city of Green Bay is home to the Green Bay Packers’ Lambeau Field, the most renowned stadium in the National Football League. Health care is the leading employment driver, with major employers including ThedaCare-Froedtert Health and UnitedHealthcare. The area is known for cheese production and agribusiness, contributing billions annually, with Sargento and BelGioioso among the key producers. The median household income is $79,100. The University of Wisconsin system operates multiple campuses locally, and the cost of living is more affordable than in Milwaukee or Madison, fostering a vibrant, growing community (Marcus & Millichap).