Restaurant Building in Retail
3950 Calumet Ave Manitowoc, WI 54220
3950 Calumet Ave, Manitowoc, WI, 54220
$1,450,000
For Sale
$1,450,000
Restaurant property in high-visibility retail area, purchase or vacant.
Property Size5,740 SF
Lot Size1.35 Acres
Price / SF$252.61
Days on Market111
Property Features for 3950 Calumet Ave
General Information
- Standard status
- Active
- Size
- 5,740 SF
- Lot size
- 1.35 Acres
- Property subtype
- Single-Tenant Vacant-User
Listing agency
Marcus & Millichap - Milwaukee
(262) 364-1924
Listed by
Jeff R. Rowlett · License #License(s): WI: 74743-94, IL: 471.016866
(262) 364-1924
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 22 at 2:12AM
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 Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
Located in a major retail corridor, this property offers strong visibility and ample parking. The building, currently operating as a restaurant, measures approximately 5,740 square feet. The property can be purchased with the existing restaurant business or delivered vacant. An approximately 1.35-acre lot behind the property is also available for sale. The location benefits from proximity to national retailers.
Key Highlights
- Strong visibility in a major retail corridor
- Ample parking available for customers and staff
- Proximity to national retailers, increasing foot traffic
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.5k | $21.00 |
| − Vacancy | −$3.1k | −$0.55 |
| EGI | $117.4k | $20.45 |
| − OpEx | −$29.4k | −$5.11 |
| NOI | $88.1k | $15.34 |
5,740 SF · lease $21.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,054 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Four Seasons Family ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Hong Kong Buffet — 3405 Calumet Ave, Manitowoc, WI 54220
FAQs
What type of property is this?
Conventional restaurant - Restaurant property in high-visibility retail area, purchase or vacant.
Where is this conventional restaurant located?
The property is located at 3950 Calumet Ave Manitowoc, WI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Strong visibility in a major retail corridor; Ample parking available for customers and staff; Proximity to national retailers, increasing foot traffic
