Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3810 Calumet Ave Manitowoc, WI 54220

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Retail location with spaces available for lease.

    Property size:
    4,875 SF
    Lot size:
    0.78 Acres

    Property Features for 3810 Calumet Ave

    General Information

    Standard status
    Active
    Size
    4,875 SF
    Lot size
    0.78 Acres

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    George Krause Jr
    George Krause Jr
    Source: Exitrealty

    Listing Agency: Park Regency Real Estate LLC Listing Agent: George Krause Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Retail Space Available

    This retail location, built in 2024, features a freestanding structure with approximately 20 parking spaces. The gross leasable area is 4,875 square feet. The property is anchored by Papa Johns, with two additional spaces of 1,500 square feet each available for lease.
    Location Intelligence

    Current Use by Public Records

    Papa Johns Pizza Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.6949551
    Latitude
    44.0819339

    Nearby Similar for Sale

    • $389,900
      8,225 SF

      Manitowoc Special Purpose Property

      Updated property with bar, kitchen, garage, and outdoor seating.
      811 Jay St, Manitowoc, WI 54220
      View Details
    • $249,000
      4,032 SF

      Manitowoc Commercial Retail/Office Building

      Well-maintained commercial building suitable for retail, office, or contractor use.
      4326 Michigan Ave, Manitowoc, WI 54220
      View Details
    • $1,500,000
      4,875 SF

      Retail Location Anchored by PapaJohns

      Retail location anchored by Papa Johns with two additional spaces.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $194,900
      0.14 Acres

      Solid Brick Two-Family Home

      Two-unit duplex in downtown Manitowoc, perfect for investors.
      2011 Madison St, Manitowoc, WI 54220
      View Details
    • $399,900
      8,225 SF

      Updated Commercial Property with Garage

      Updated property with garage, outdoor seating, and included equipment.
      811 Jay St, Manitowoc, WI 54220
      View Details
    • $399,900

      Updated Office Building For Sale

      Updated office building with two suites, tenant in place.
      1701 Washington St, Manitowoc, WI 54220
      View Details
    • $299,900

      Restaurant and Apartment For Sale

      Restaurant with apartment and parking lot in Manitowoc, Wisconsin.
      702 Buffalo St, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Office Max Retail Property

      Retail property with lease in place through January 2026.
      4121 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Manitowoc Retail Space For Sale

      2,250 sq ft retail space in Manitowoc strip mall.
      3399 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Manitowoc Retail Space For Sale

      1,552 sq. ft. retail space in high-traffic Manitowoc strip mall.
      3375 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Commercial Building on Green Street

      36x55 commercial building on a 3/4 acre lot.
      805 Green St, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Landscaping Business for Sale

      Landscaping, snow removal, and lawn care business for sale.
      Confidential, Manitowoc, WI 54220
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail location with spaces available for lease.
    Where is this retail space located?
    The property is located at 3810 Calumet Ave Manitowoc, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Papa Johns is the anchor tenant, providing a stable income stream.; - New construction (2024) minimizes potential maintenance costs.; - Freestanding building offers high visibility and accessibility.
    (920) 905-0550
    Request Owner's contact information
    3810 Calumet Ave Manitowoc, WI 54220
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3810 Calumet Ave
    Manitowoc, WI 54220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3810 Calumet Ave Manitowoc, WI 54220
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    George Krause Jr
    George Krause Jr
    Real Estate License ID: 5172190
    (920) 905-0550 (920) 682-0307
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!