700 Pilgrim Way - Loft/Creative Space FOR SALE


Green Bay, WI 54304
$12,240,000 USD
947-219-0479
700 Pilgrim Way, Green Bay, WI for Sale
$12,240,000 USD
Loft/Creative Space - FOR SALE
1/43
null | Request Cap Rate

700 Pilgrim Way
Green Bay, WI 54304


HIGHLIGHTS

  • Seller financing is available at 3.75%. Projected 2024 NOI is $4.4 million. (Tenants and Outlot Sales).
  • 12 outlot pad sites are available for value-add upside, zoned B-3 District, permitting multifamily, office, hotel, retail, R&D, and mixed-use combo.
  • Benefit from credit tenants with long-term leases in place and $2.3 million in improvements completed in 2022 to 2023 to the property.
  • Situated in a booming Green Bay locale near Lambeau Field, across from Simon Mall, Bay Park Square, and a few blocks from Titletown and Resch Center.
  • The Arboretum offers the unique opportunity to own a 218,323-square-foot mixed-use structure on a 33-acre site with incredible development potential.
  • Significant property for the NFL Draft taking place in Green Bay 2025 where multiple uses are possible for this large event.

OVERVIEW

Situated in a bustling Green Bay locale, The Arboretum at 700 Pilgrim Way is a 218,323-square-foot office and retail property on a 31-acre site near Lambeau Field. This three-story, mixed-use building was improved by $3.8 million in renovations in 2022 and 2024, including interior and exterior improvements and a 10-year roof warranty. The Arboretum comprises efficient floor plates with large open rooms, private offices, and a kitchen area with a dining hall, and is home to long-term tenants Ayres Associates Inc. and Shopko Optical. The property features modern finishes and skylights allowing abundant natural light. Investors will benefit from recent property improvements, the existing cash flow from current credit tenants with long-term leases, and immense value-added potential through further redevelopment of the 31-acre site. 700 Pilgram Way is the largest developable parcel in proximity to Titletown, Research Center, and Bay Park Mall. A total of 12 outlot opportunities are available in this desirable mixed-use setting, boasting B-3 District zoning, which permits multifamily, office, hotel, retail, research & development, or a mixed-use combination. The Arboretum sits in the heart of a robust commercial collective, providing unmatched access to an array of neighborhood conveniences. The property is prominently positioned across from Simon Mall and Bay Park Square and a few blocks from Lambeau Field, Titletown, Research Center, and more. Interstates 43 and 41 make this part of Wisconsin extremely accessible, and employees, residents, and visitors alike appreciate the direct access to the Green Bay Austin Straubel International Airport. Green Bay is unique in its sense of comradery, thanks to Lambeau Field, home of the Green Bay Packers, positioned at its core. The City of Green Bay is at the southernmost point of the Green Bay, branching off from Lake Michigan. This lively suburb features everything from waterfront views and sporting events to wooded suburban streets and wildlife refuges.

FOR SALE DETAILS

PRICE

$12,240,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Arboretum

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

1025

LAND DETAILS

LAND ACRES

31.44 AC

LAND SF

1,369,526 SF

ZONING

B-3

APN/PARCEL ID

VA-132-1-2

ASK ABOUT THIS PROPERTY

Murray WikolProVisions, LLCMore Info
947-219-0479

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Murray WikolProVisions, LLCMore Info
947-219-0479

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.