Situated in bustling Green Bay, The Arboretum at 700 Pilgrim Way is a 218,323-square-foot office and retail property set on a prominent 31-acre site near Lambeau Field. This two-story, mixed-use building underwent $3.8 million in renovations in 2022, with additional improvements continuing in 2025. These include both interior and exterior upgrades and a 10-year roof warranty—enhancing the building’s longevity and aesthetic appeal. Designed with flexibility and functionality in mind, the Arboretum offers efficient floor plans with large open workspaces, private offices, and a kitchen area with a dining hall. The first-floor northwest area is also configured to support a restaurant or café, boasting with abundant natural light and open-concept space ideal for a food and beverage concept. Current tenants include Ayres Associates Inc., Shopko Optical, and Regus, all under long-term leases, providing steady cash flow. Investors will benefit from both the stabilized income and the immense value-add potential through redevelopment of the expansive 31-acre site. The property features modern finishes, skylights, and is home to 11 Outlot/pad site opportunities, ideal for future retail, hotel, or mixed-use development. With B-3 Community Business zoning, the site supports a wide variety of uses including multifamily, office, hotel, retail, research & development, or any mixed-use combination. Importantly, the zoning allows up to 120 feet in height (approximately 12 stories) by right—opening the door to high-rise opportunities for hotels, condominiums, multifamily, and commercial uses. This can be increased further with a Conditional Use Permit, making it one of the most flexible and prominent development opportunities in the region near major landmarks including Lambeau Field, Resch Center, Epic Event Center, Bay Park Square Mall, and Capital Credit Union Park. Strategically located, The Arboretum is directly across from Bay Park Square (Simon Mall) and just blocks from Green Bay’s major attractions. The site offers unmatched access to Interstates 41 and 43, and is within minutes of Green Bay Austin Straubel International Airport, ensuring convenience for employees, tenants, and visitors alike. Green Bay is a city rooted in comradery and opportunity. Anchored by Lambeau Field and surrounded by waterfronts, wildlife refuges, suburban charm, and a thriving economy, this is a location where community and commerce intersect.