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Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1042 West Wisconsin Avenue in Appleton, Outagamie County, Wisconsin (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!
Built in 2006, the Property consists of a one-story, free-standing retail building containing ±6,813 gross square feet, with 36 total surface parking spaces on a ±0.931-acre parcel (±40,551 SF). The site is positioned on a triple frontage parcel and is easily accessible via three (3) ingress/egress curb cuts and frontage along West Wisconsin Avenue, N Summit Street, and W Kamps Avenue. The Property offers a pylon sign and was previously occupied by Advance Auto Parts on a NNN lease and offers potential owner-users or investors the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $10-13/SF NNN). Zoned C-2, General Commercial District, this zoning offers favorable flexible zoning allowing for a variety of uses.
The Property is located in the southern portion of Appleton, within Outagamie County in northeastern Wisconsin, ±35 minutes south of Green Bay and ±1.5 hours north of Milwaukee. Strategically positioned within the Outagamie County submarket, the Property benefits from prime visibility and triple frontage along West Wisconsin Avenue (±16,069 VPD), a primary east–west commercial corridor just west of North Richmond Street (±16,335 VPD), one of the city’s major north–south thoroughfares. Appleton offers seamless connectivity to major metro areas via I-41 and SR-441, enabling efficient access for both commuters and regional travelers. This high-traffic location places the Property in close proximity to major demand drivers, including Fox River Mall (±10 minutes), one of Wisconsin’s largest shopping centers anchored by Macy’s, Target, and Dick’s Sporting Goods, as well as a robust mix of national retailers, restaurants, and hotels concentrated along the West Wisconsin Avenue corridor. Additional nearby demand generators include ThedaCare Regional Medical Center–Appleton, a 131-bed hospital (±1.5-mi), Lawrence University with approximately 1,500 students (±2-mi), Downtown Appleton’s Fox Cities Exhibition Center and Performing Arts Center (±5-min), and Appleton International Airport (±5.5-mi). The Property is located within a dense and affluent trade area, serving ±79,949 residents with an average household income (AHHI) of ±$92,333 within a 3-mi radius, and nearly 150,000 people with an AHHI exceeding $97,000 in a 5-mi radius.