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Mixed-Use

901 Main

901 Main St, Green Bay, WI 54301

Listing Price: $5,475,000

Cap Rate
5.25%
Number of Units
20
Occupancy
100.0%
Price/Unit
$273,750
Price/Gross SF
$273.75
Gross SF
20,000

Investment Overview

Marcus & Millichap is pleased to offer the 901 Main located in downtown Green Bay, Wisconsin. Built in 2020, this mixed-use building has 20 residential units plus 3,000 square feet of commercial space. The property sits on 16,466 square feet of land. The residential portion consists of 12 one-bed/one-bath units, six two-bed/one-baths units and two two-bed/two-bath units. Each apartment includes full-size washers and dryers and its own water heater. Premier units are also available offering upgraded appliances, title kitchen backsplashes and private balconies. There is ample parking, both indoor and outdoor, as well as being pet friendly. Additionally, water, electric and gas is a residential tenant responsibility, landlord pays these cost for the commercial tenants. The commercial space is currently occupied by Elysian Salon Suites, the business of which is owned by the property seller. The space is divided into 12 suites each equipped with a station, shampoo bowl, styling chair and cabinet space. Currently, 9 of the 12 suites are rented. Retail space is currently master leased to the owners of the building and will sign a lease at the minimum of five years upon sale. Also, note that the developer received reimbursement due to a TIF agreement through 2032 which he retains and does not affect buyer operations. 901 Main is ideally located in downtown Green Bay just south of the East River and a few blocks west of the Fox River. Green Bay is a vibrant city with a current population over 104,000. Green Bay has had 10 years of positive growth and is the third largest city in the state behind Milwaukee and Madison with a metro population over 250,000. Top employers include Bellin Health and Schneider National which both have their corporate headquarters in Green Bay with Bellin HQ being a mile from this property. The property is in walking distance to Whitney Dog Park, CVS, downtown Green Bay, Brown County Central Library, YMCA, and many restaurants, bars, and grocery stores.

Investment Highlights

  • Brand New 2020 Construction
  • Located in Downtown Green Bay, the Third Largest City in Wisconsin
  • Stabilized Property, Currently 100% Occupied

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Listing Price: $5,475,000

Cap Rate
5.25%
Number of Units
20
Occupancy
100.0%
Price/Unit
$273,750
Price/Gross SF
$273.75
Gross SF
20,000

Investment Highlights

  • Brand New 2020 Construction
  • Located in Downtown Green Bay, the Third Largest City in Wisconsin
  • Stabilized Property, Currently 100% Occupied

Investment Overview

Marcus & Millichap is pleased to offer the 901 Main located in downtown Green Bay, Wisconsin. Built in 2020, this mixed-use building has 20 residential units plus 3,000 square feet of commercial space. The property sits on 16,466 square feet of land. The residential portion consists of 12 one-bed/one-bath units, six two-bed/one-baths units and two two-bed/two-bath units. Each apartment includes full-size washers and dryers and its own water heater. Premier units are also available offering upgraded appliances, title kitchen backsplashes and private balconies. There is ample parking, both indoor and outdoor, as well as being pet friendly. Additionally, water, electric and gas is a residential tenant responsibility, landlord pays these cost for the commercial tenants. The commercial space is currently occupied by Elysian Salon Suites, the business of which is owned by the property seller. The space is divided into 12 suites each equipped with a station, shampoo bowl, styling chair and cabinet space. Currently, 9 of the 12 suites are rented. Retail space is currently master leased to the owners of the building and will sign a lease at the minimum of five years upon sale. Also, note that the developer received reimbursement due to a TIF agreement through 2032 which he retains and does not affect buyer operations. 901 Main is ideally located in downtown Green Bay just south of the East River and a few blocks west of the Fox River. Green Bay is a vibrant city with a current population over 104,000. Green Bay has had 10 years of positive growth and is the third largest city in the state behind Milwaukee and Madison with a metro population over 250,000. Top employers include Bellin Health and Schneider National which both have their corporate headquarters in Green Bay with Bellin HQ being a mile from this property. The property is in walking distance to Whitney Dog Park, CVS, downtown Green Bay, Brown County Central Library, YMCA, and many restaurants, bars, and grocery stores.

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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