Three-Story Office
4400 Calumet Ave Manitowoc, WI 54220
4400 Calumet Ave, Manitowoc, WI, 54220
$3,750,000
For Sale
$3,750,000
Built in 2007, this three-floor office building offers finished space with conference rooms and reception areas.
Property Size23,690 SF
Lot Size1.70 Acres
Price / SF$158.29
Days on Market813
Property Features for 4400 Calumet Ave
General Information
- Standard status
- Active
- Size
- 23,690 SF
- Lot size
- 1.70 Acres
Listing agency
Coldwell Banker Real Estate Group~Manitowoc
(920) 242-6550
Listed by
Matthew Mueller · License #5521090
(920) 242-6550
Source
Exprealty
Added: May 1, 2024 Updated: Jul 21 at 9:20PM Checked: Jul 21 at 9:20PM
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 three-story office building was built in 2007 and contains over 23,000 square feet of finished space. The property features high-end finishes throughout, along with conference rooms, ample office space, and reception areas. It is currently operated as a multitenant building.
The building is located in the Harbor Town District on a landscaped 1.7-acre lot and sits at one of the busiest intersections in the county. The public remarks state a daily traffic count of approximately 14,500, and the site offers parking and barrier-free access. An elevator is available on-site.
The seller may consider lease-back and special financing terms, subject to agreement.
The building is located in the Harbor Town District on a landscaped 1.7-acre lot and sits at one of the busiest intersections in the county. The public remarks state a daily traffic count of approximately 14,500, and the site offers parking and barrier-free access. An elevator is available on-site.
The seller may consider lease-back and special financing terms, subject to agreement.
Key Highlights
- 3‑floor office building with 23,000+ SF of finished space
- Built in 2007 with conference rooms, reception areas, and ample office space
- Multitenant setup with barrier‑free access and elevator
Local Financial Insights For Office B
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 | $358.2k | $15.12 |
| − Vacancy | −$50.5k | −$2.13 |
| EGI | $307.7k | $12.99 |
| − OpEx | −$76.9k | −$3.25 |
| NOI | $230.8k | $9.74 |
23,690 SF · lease $15.12/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.30M
$2.88M – $3.85M
NOI $230,766 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.19M
$4.54M – $6.06M
NOI $363,416 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Farmers Insurance - Patricia ...
Insurance Agency
GreenStone Farm Credit ...
Bank
Shoreline Hometown Credit ...
Credit Union
Herrington PT
Power Plant Equipment Supplier
Merit Financial Advisors, ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Built in 2007, this three-floor office building offers finished space with conference rooms and reception areas.
Where is this office building located?
The property is located at 4400 Calumet Ave Manitowoc, WI.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 3‑floor office building with 23,000+ SF of finished space; Built in 2007 with conference rooms, reception areas, and ample office space; Multitenant setup with barrier‑free access and elevator
