Mixed-Use Commercial
1308 Washington STREET Manitowoc, WI 54220
1308 Washington STREET, Manitowoc, WI, 54220
$119,900
For Sale
$119,900
Building includes first-floor professional or storefront space and an upstairs 1-bedroom apartment.
Property Size1,625 SF
Price / SF$73.78
Days on Market485
Property Features for 1308 Washington STREET
General Information
- Standard status
- Active
- Size
- 1,625 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1863
Listing agency
Coldwell Banker Real Estate Group Manitowoc
(920) 242-6550
Listed by
Matthew Mueller · License #5521090
(920) 242-6550
Source
Xome
Added: Mar 24, 2025 Updated: Jul 21 at 2:26AM Checked: Jul 21 at 3:05AM
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 Coldwell Banker Real Estate Group Manitowoc
Investment Insights
Based on property information with market context.
This mixed-use commercial building features first-floor space suited for professional services or a storefront, with an upstairs 1-bedroom apartment. The property is described as having around 8,500 average daily traffic count and is located close to downtown Manitowoc.
The building’s layout supports dual use, with commercial space on the first floor and residential living space above. It is being offered for sale and is ready for an owner-occupant or investor looking for a combined setup.
The building’s layout supports dual use, with commercial space on the first floor and residential living space above. It is being offered for sale and is ready for an owner-occupant or investor looking for a combined setup.
Key Highlights
- Commercial building with around 8,500 average daily traffic count near downtown Manitowoc
- First‑floor space suited for professional services or a storefront
- Upstairs 1‑bedroom apartment included
Local Financial Insights For Mixed Use
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 | $16.2k | $9.96 |
| − Vacancy | −$4.0k | −$2.48 |
| EGI | $12.2k | $7.48 |
| − OpEx | −$4.6k | −$2.80 |
| NOI | $7.6k | $4.67 |
1,625 SF · lease $9.96/SF/yr · vacancy 24.90% · expense 37.50%
Alternative Uses
Best Use
Retail
$300.1K
$262.6K – $350.1K
NOI $21,006 @ 7.0% cap · market cap 17.52%
Second Best
Office B
$226.1K
$197.9K – $263.8K
NOI $15,829 @ 7.0% cap · market cap 13.20%
Theoretical Best
Specialty Retail
$356.1K
$311.6K – $415.5K
NOI $24,928 @ 7.0% cap · market cap 20.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cheryl Gamble
Tax Preparation
Doyle Exteriors, Inc
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Building includes first-floor professional or storefront space and an upstairs 1-bedroom apartment.
Where is this live-work space located?
The property is located at 1308 Washington STREET Manitowoc, WI.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Commercial building with around 8,500 average daily traffic count near downtown Manitowoc; First‑floor space suited for professional services or a storefront; Upstairs 1‑bedroom apartment included
