Automotive Shops with Multiple
1718 Memorial Drive Howard, WI 54303
1718 Memorial Drive, Howard, WI, 54303
$1,400,000
For Sale
$1,400,000
A 4,300 sq ft automotive building with four separate shop bays, each featuring a 10' overhead door, restroom, and natural gas heat.
Property Size4,300 SF
Lot Size1.00 Acre
Price / SF$325.58
Days on Market21
Property Features for 1718 Memorial Drive
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Lot size
- 1.00 Acre
Listing agency
Evermore Realty
(715) 701-1959
Listed by
A.J. Schmid
(715) 701-1959
Source
Exprealty
Added: Jul 2 Updated: Jul 22 at 6:05AM Checked: Jul 22 at 6:05AM
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 Evermore Realty
Investment Insights
Based on property information with market context.
This for-sale automotive property includes approximately 1+ acre across three parcels and an approximately 4,300 sq ft building configured as four separate shops. Each shop has its own overhead door (10') and separate entrance, plus a restroom and natural gas heat, with Shop 1 also including an office/reception area. The property currently operates as an automotive facility, and the existing layout may support other uses or a new development concept, subject to buyer verification.
The site is positioned for high visibility near the I-41 and Velp Ave interchange in the Village of Howard, with access adjacent to the highway and off-ramp. Per DOT, there are 59,400+ daily vehicles on I-41 (per provided remarks). The parcels are zoned B-2 Highway Commercial and include 120+ ft of Memorial Dr frontage.
The site offers ample asphalt and gravel parking. The sale is for real estate only, with businesses/tenants excluded. The buyer should verify zoning, acreage, and square footage for their intended use.
The site is positioned for high visibility near the I-41 and Velp Ave interchange in the Village of Howard, with access adjacent to the highway and off-ramp. Per DOT, there are 59,400+ daily vehicles on I-41 (per provided remarks). The parcels are zoned B-2 Highway Commercial and include 120+ ft of Memorial Dr frontage.
The site offers ample asphalt and gravel parking. The sale is for real estate only, with businesses/tenants excluded. The buyer should verify zoning, acreage, and square footage for their intended use.
Key Highlights
- Prime I‑41/Velp Ave interchange commercial site in the Village of Howard with DOT‑reported 59,400+ daily traffic on I‑41.
- 3 parcels totaling approx. 1+ acre, zoned B‑2 Highway Commercial, with 120+ ft of Memorial Dr frontage.
- Approx. 4,300 sq ft building featuring 4 separate shops, each with a 10' overhead door and a separate entrance.
Local Financial Insights For 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 | $64.5k | $15.00 |
| − Vacancy | −$2.6k | −$0.60 |
| EGI | $61.9k | $14.40 |
| − OpEx | −$18.6k | −$4.32 |
| NOI | $43.3k | $10.08 |
4,300 SF · lease $15.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.96M
$2.59M – $3.45M
NOI $207,279 @ 7.0% cap · market cap 14.81%
Second Best
Retail
$619.2K
$541.8K – $722.4K
NOI $43,344 @ 7.0% cap · market cap 3.10%
Theoretical Best
Warehouse
$3.60M
$3.15M – $4.19M
NOI $251,695 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Complete Auto Repair — 1810 Velp Ave, Green Bay, WI 54303
- Transmotive Auto Service — 1641 Velp Ave, Green Bay, WI 54303
- Grandpa John's Pick & Pull — 1746 Velp Ave, Green Bay, WI 54303
- Rebel Eddies Detailing — 1751 Velp Ave, Green Bay, WI 54303
- Crosby's Heavy Duty Wrecker Service — 1500 Velp Ave, Green Bay, WI 54303
FAQs
What type of property is this?
Auto shop - A 4,300 sq ft automotive building with four separate shop bays, each featuring a 10' overhead door, restroom, and natural gas heat.
Where is this auto shop located?
The property is located at 1718 Memorial Drive Howard, WI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime I‑41/Velp Ave interchange commercial site in the Village of Howard with DOT‑reported 59,400+ daily traffic on I‑41.; 3 parcels totaling approx. 1+ acre, zoned B‑2 Highway Commercial, with 120+ ft of Memorial Dr frontage.; Approx. 4,300 sq ft building featuring 4 separate shops, each with a 10' overhead door and a separate entrance.
