Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Office Building For Sale Title is generated by Realmo AI

    1701 Washington Street, Manitowoc, WI 54220

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,900

    Updated office building with two suites, tenant in place.

    Lot size:
    0.13 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    250
    Last Refresh:
    Jan 20 at 10:39 am

    Property Features for 1701 Washington Street

    General Information

    Standard status
    Active
    Lot size
    0.13 Acres

    We can help!

    Listing Contact
    Caleb Hayes
    Caleb Hayes

    Listing agent Caleb Hayes License #56667

    Listing office Keller Williams Green Bay

    Listing date Sep 9, 2025

    Source Exprealty

    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 Keller Williams Green Bay

    HighLights

    • High traffic location on thoroughfare leading to downtown Manitowoc.
    • Professional all brick office building.
    • Split level building with two updated office suites.
    • Upper suite has a long term tenant.
    • Lower level suite is ready for a new tenant.
    • Off street asphalt parking lot.

    Overview

    This is a professional all-brick, split-level office building situated on a high-traffic thoroughfare leading to downtown Manitowoc. The building features two updated office suites. The upper suite is currently occupied by a long-term tenant, while the lower level is available for a new tenant. Each suite includes larger office spaces, conference rooms, and reception areas. The property has off-street parking located off the side street in an asphalt parking lot. The building includes two bathrooms, two furnaces, and two AC units, as well as a common area entrance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Lodel Group of Keller ... Real Estate Agency Harmony Personal Home ... Home Health Care Service Sweet Spot Real ... Real Estate Agency Maritime Capital Mold ... Hardware & Home Improvement Gateway Tax Services Tax Preparation

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.6706
    Latitude
    44.0888

    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
    • $135,000
      1,728 SF

      Manitowoc Multifamily Investment Opportunity

      Two-unit property with strong rental history in Manitowoc, Wisconsin.
      921 S 13TH Street, MANITOWOC, WI 54220
      View Details
    • $194,900

      Solid Brick Two-Family Home

      Two-unit duplex in downtown Manitowoc, perfect for investors.
      2011 Madison St, Manitowoc, WI 54220
      View Details
    • $265,000
      2,706 SF

      Well-Maintained Manitowoc Duplex For Sale

      Spacious upper/lower duplex with strong rental potential in Manitowoc, WI.
      911 ST CLAIR, MANITOWOC, WI 54220
      View Details
    • $1,500,000
      4,875 SF

      New Retail Space Available

      Retail location with spaces available for lease.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $1,590,000
      10,020 SF

      Remodeled Showroom with High Visibility

      Remodeled 10,000+ SF showroom with easy highway access.
      6000 County Road JJ -, Manitowoc Rapids, WI 54220
      View Details
    • $1,200,000
      12,686 SF

      Adaptable Medical Office Building

      Single-story medical office with adaptable floor plan and ample parking.
      4801 Expo Drive, Manitowoc, WI, 54220
      View Details
    • Contact for pricing
      5,740 SF

      Restaurant Building in Retail Corridor

      Restaurant property in high-visibility retail area, purchase or vacant.
      3950 Calumet 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
    • $1,853
      1,552 SF

      Manitowoc Retail Space For Sale

      1,552 sq. ft. retail space in high-traffic Manitowoc strip mall.
      3375 Calumet Avenue, Manitowoc, WI, 54220
      View Details
    • $2,499
      2,250 SF

      Manitowoc Retail Space For Sale

      2,250 sq ft retail space in Manitowoc strip mall.
      3399 Calumet Avenue, Manitowoc, WI, 54220
      View Details

    FAQs

    What type of property is this?
    Office building - Updated office building with two suites, tenant in place.
    Where is this office building located?
    The property is located at 1701 Washington Street Manitowoc, WI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: High traffic location on thoroughfare leading to downtown Manitowoc.; Professional all brick office building.; Split level building with two updated office suites.
    (920) 309-1037
    We can help!
    Listing Contact
    Caleb Hayes
    Caleb Hayes
    Real Estate License ID: 56667
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1701 Washington Street, Manitowoc, WI, 54220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!