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    601 Reed Ave Manitowoc, WI 54220

    Sponsored
    For Sale
    $540,000

    Spacious commercial building, 5+ acres, prime location.

    Property size:
    45,904 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 601 Reed Avenue in Manitowoc, Wisconsin, presents a unique investment opportunity. The building encompasses a substantial 45,904 square feet, previously utilized as a medical facility. Situated on a generous 5.48-acre lot, the property offers ample space for parking and future expansion. Its B-1 zoning allows for a wide range of potential uses, including office space, medical facilities, residential conversions, or educational institutions. The building's robust construction ensures durability and longevity. The property's advantageous location offers convenient access to local amenities and boasts the added benefit of backing onto the picturesque Lincoln Park, providing a tranquil and appealing setting. The asking price has been reduced to facilitate a swift sale, making this an attractive proposition for discerning investors seeking a sizable commercial property with significant upside potential. This is a rare opportunity to acquire a well-built, versatile property in a desirable location, ready for its next chapter. Serious inquiries are encouraged.

    Property Features for 601 Reed Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    45,904 SF
    Lot Size
    238,709 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Theobald Richard W ... Internist Imp Janet J ... Bariatric Surgeon Dr. Cheryl M. ... Doctor Rajpal Surinder K ... Pediatrician Schleunes Amy Jo Nurse Practitioner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    MANITOWOC
    State
    Wisconsin
    Longitude
    -87.65495
    Latitude
    44.11337

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious commercial building, 5+ acres, prime location.
    Where is this commercial real estate located?
    The property is located at 601 Reed Ave Manitowoc, WI.
    What is the asking price?
    The asking price for this property is $540,000.
    (920) 783-6330
    Request Owner's contact information
    601 Reed Ave Manitowoc, WI 54220
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    Manitowoc, WI 54220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Reed Ave Manitowoc, WI 54220
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