Appleton, Wisconsin, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse industries. With a population of approximately 75,000, Appleton is an attractive location for businesses and individuals alike. Office properties in Appleton are a sound investment, providing a stable source of income and potential for long-term growth. These properties can range from small, single-tenant buildings to large, multi-tenant complexes, catering to various business needs. Appleton's strong infrastructure, including Valley Transit and the Appleton International Airport, makes it an ideal location for businesses that require easy access to transportation. The city's highly educated workforce, with institutions like Lawrence University and Fox Valley Technical College, provides a talented pool of employees. Additionally, Appleton's scenic location on the Fox River and its numerous parks and recreational facilities make it an attractive place to live and work. The city's proximity to major attractions like the Fox Cities Performing Arts Center and the Fox River Mall also adds to its appeal.
Currently, there are 22 office properties for sale in Appleton, offering a range of options for investors. These properties have an average price per square foot of $124 USD and an average size of 43,162 square feet. The largest property available is 110,123 square feet. Appleton's office market also offers a competitive average cap rate of 7.43%. In addition to office properties, Appleton also offers a range of other commercial properties, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, commercial real estate in Appleton can provide investors with a stable source of income through rental properties. Apartment buildings in the city offer a range of options for renters, from luxury apartments to affordable housing. Shopping centers in Appleton provide a hub for retail and dining, while hotels cater to the city's growing tourism industry. Overall, Appleton's diverse range of commercial properties makes it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Appleton?
The average price per square foot for office properties in Appleton is $124 USD per square foot, with 22 available listings ranging in size from 43,162 square feet to 110,123 square feet, offering a diverse range of options for businesses and investors.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Appleton, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, often located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and may require renovation, making them more affordable but also presenting potential risks and challenges.
