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Airport Plaza 1641 Commanche Ave 21,990 SF 100% Leased Retail Building Green Bay, WI 54313 $2,350,000 ($106.87/SF) 6.98% Cap Rate
Investment Highlights
- Retail Strip Mall
Executive Summary
Excellent investment opportunity in Ashwaubenon, WI. This approximately 22,000-square-foot multi-tenant commercial property is situated on 2.37 acres and offers a versatile layout suitable for retail, service, medical, and office users.
The property features multiple tenant spaces, ample on-site parking, prominent pylon signage, and convenient access to Highway 172, Interstate 41, and Austin Straubel International Airport. Its established commercial location provides easy accessibility for customers, employees, and tenants throughout the greater Green Bay area.
The property features multiple tenant spaces, ample on-site parking, prominent pylon signage, and convenient access to Highway 172, Interstate 41, and Austin Straubel International Airport. Its established commercial location provides easy accessibility for customers, employees, and tenants throughout the greater Green Bay area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,990 SF
Building Class
C
Year Built/Renovated
1995/2023
Price
$2,350,000
Price Per SF
$106.87
Cap Rate
6.98%
NOI
$164,072
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.37 AC
Zoning
B - B3 Community Business
Parking
60 Spaces (2.73 Spaces per 1,000 SF Leased)
Frontage
316’ on Commanche Ave
Amenities
- Bus Line
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | VA-155-9 | Improvements Assessment | $1,025,300 |
| Land Assessment | $442,800 | Total Assessment | $1,468,100 |
Property Taxes
Parcel Number
VA-155-9
Land Assessment
$442,800
Improvements Assessment
$1,025,300
Total Assessment
$1,468,100
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