Office Building with Conference
For Sale
$199,900
1115 S 9th St, Manitowoc, WI 54220
A multi-room workplace offers administrative space, a lobby, two restrooms, and off-street parking.
Property Size1,870 SF
Price / SF$106.90
Days on Market16
Property Features for 1115 S 9th St
General Information
Standard status
Active
Size
1,870 SF
Total Parking Spaces
6
Property subtype
Commercial
Building Details
Year Built
1962
Buildings
1
Listing Agency:
RE/MAX Port Cities Realtors
Listed By:
Henry Grant
(920) 683-2237
Source:
Viewhomesinwisconsin
Added: Sep 21
Changed: Oct 1
Last Checked: Oct 5 at 7:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Port Cities Realtors
Investment Insights
Based on property information with market context.
Built in 1962, this 1,870-square-foot office property is arranged with three offices, a central administrative area, a conference room, a lobby, and two bathrooms. Improvements include a vulcanized rubber roof, updated lighting throughout, fresh paint, some new floor covering, and replacement of most windows.
The property is at 1115 S 9th St in Manitowoc, Wisconsin. Parking includes 4-6 off-street stalls, with curbside parking also available.
The property is at 1115 S 9th St in Manitowoc, Wisconsin. Parking includes 4-6 off-street stalls, with curbside parking also available.
Key Highlights
- Three offices plus a central administrative area, conference room, lobby, and two bathrooms
- 1,870 square feet; built in 1962
- Vulcanized rubber roof and updated lighting throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,216
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,320
$364.3K
Cap Rate 7%
$260,229
$260.2K
Cap Rate 9%
$202,400
$202.4K
Market Conditions
NOI Build-Up for 1,870 SF
Gross rent
$28.3K $15.12/SF
− Vacancy
−$4.0K −$2.13/SF
EGI
$24.3K $12.99/SF
− OpEx
−$6.1K −$3.25/SF
NOI
$18.2K $9.74/SF
Area
Manitowoc County, WI
Vacancy
14.10%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,320
Cap Rate 7%
$260,229
Cap Rate 9%
$202,400
Alternative Uses
Best Use
Office B
$260.2K
$227.7K – $303.6K
NOI $18,216 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$409.8K
$358.6K – $478.1K
NOI $28,687 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 54220, WI
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - A multi-room workplace offers administrative space, a lobby, two restrooms, and off-street parking.
Where is this office building located?
The property is located at 1115 S 9th St Manitowoc, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three offices plus a central administrative area, conference room, lobby, and two bathrooms; 1,870 square feet; built in 1962; Vulcanized rubber roof and updated lighting throughout
