Auction - Value Add Green Bay Industrial — Sale in Green Bay, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Green Bay, WI 54303
  • Year built: 1960

Investment Figures

Cap rate
10.16%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3204 Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1132 Lincoln Street in Green Bay, Wisconsin. The subject property consists of approximately 62,587 square feet of 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 $38.35 per square foot, the property can be acquired well below replacement costs. The property is leased on a partially 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

Market Context

This industrial in Green Bay, WI is listed for sale. It is offered at an approximate 10.2% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1960. It has been on the market for 99 days. Compare it against other industrial listings for sale in Green Bay, WI — view the full market.

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